Mattress Wholesalers, Inc. is constantly trying to reduce inventory in its supply chain. Last year, cost of goods sold was $7.52 million and inventory was $1.47 million. This year, costs of goods sold is $8.59 million and inventory investment is $1.57 million. a) What was its weeks of supply last year? (round your response to two decimal places). Mattress Wholesalers, Inc. is constantly trying to reduce inventory in its supply chain. Last year, cost of goods sold was $7.52 million and inventory was $1.47 million. This year, costs ofgoods sold is $8.59 million and inventory investment is $1.57 million.a) What was its weeks of supply last year? weeks (round your response to two decimal places).

Inventory management is the management in which stock is sourced, stored, and sold in the market.

Answered: Mattress Wholesalers, Inc. is…

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter2: Introduction To Spreadsheet Modeling

Section: Chapter Questions

Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...

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Mattress Wholesalers, Inc. is constantly trying to reduce inventory in its supply chain. Last year, cost of goods sold was $7.52 million and inventory was $1.47 million. This year, costs of goods sold is $8.59 million and inventory investment is $1.57 million.

a) What was its weeks of supply last year? (round your response to two decimal places).