Last Year, CMS Enterprises Had Total Inventories (Raw Materials, Work-

question 78

Multiple Choice

Last year, CMS Enterprises had total inventories (raw materials, work- in- process, and finished goods) of $5.5 million. During this same year the cost of goods sold was $22 million. The company operates 52 weeks per year. What is the total inventory (measured as weeks of supply) held by CMS Enterprises last year?

• A) less than or equal to 10 weeks of supply
• B) greater than 10 but less than or equal to 12 weeks of supply
• C) greater than 12 but less than or equal to 14 weeks of supply
• D) greater than 14 weeks of supply

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Definitions:

ECG Electrodes

Small, adhesive patches used during an electrocardiogram (ECG) to detect electrical activity of the heart and record it.

Chest Wall

The structure comprising the ribs, sternum, and spine that encloses and protects the thoracic cavity and its contents.

Routine Annual Physical Examination

A yearly health checkup that includes a general physical exam and various tests to assess an individual's health.