Mattress Wholesalers, Inc. is constantly trying to reduce inventory in its supply chain. Last year, cost of goods sold was $ million and inventory was $ million. This year, costs of goods sold is $ million and inventory investment is $ million. a) What was its weeks of supply last year? nothing weeks (round your response to two decimal places). b) What is its weeks of supply this year? nothing weeks (round your response to two decimal places). c) Is Mattress Wholesalers making progress in its inventory reduction effort? Since the number of weeks that cover the supply has ▼ decreased not changed increased , Mattress Wholesalers is making ▼ negative progress no progress progress in its inventory-reduction effort.

A. Weeks supply= 10.7

B. Weeks supply= 9.53

C. Yes

DECREASED, PROGRESS

Explanation:

A. Calculation for last year’s weeks of supply

First step is to find the Average cost of sold good on week basis

Using this formula

Average cost of sold good on week basis =Cost of goods sold /Numbers of weeks in a year

Let plug in the formula

Average cost of sold good on week basis= $7.54 million/ 52

Average cost of sold good on week basis= $ 0.145 million

Last step is to find last year Weeks supply using this formula

Last year Weeks supply=Investment in inventory/ Average cost of sold good on week basis

Let plug in the formula

Last year Weeks supply=$1.46/0.145

Last year Weeks supply= 10.7

B. Calculation for weeks supply this year?

Using this formula

Average cost of sold good on week basis =Cost of goods sold /Numbers of weeks in a year

Let plug in the formula

Average cost of sold good on week basis= $8.62 million/ 52

Average cost of sold good on week basis= $ 0.165769 million

Last step is to find this year Weeks supply using this formula

This year Weeks supply=Investment in inventory/ Average cost of sold good on week basis

Let plug in the formula

This year Weeks supply=$1.58/0.165769

This year Weeks supply= 9.53

C. Yes, Mattress Wholesalers is making progress in its inventory reduction effort .

Since the numbers of weeks that cover the supply had DECREASED, Wholesalers is making PROGRESS in its inventory reduction effort

Commercial License requirements is not a permit test

Explanation:

The Permit test, which is otherwise called the DMV test, is required by the Florida DMV to get your students to allow or your first driver's permit. The test is commonly taken by youngsters getting their primary drivers to permit in Florida. What's more, you can't step through this Exam on the web on the off chance that you are 18 years of age or more seasoned.

The Online Permit Exam is a planned trial of 50 inquiries. When you start, you are given an hour to finish the test. You should complete the Permit Test in one session - you cannot log out or delay the trial.