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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