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:

Pulmonary Capillaries

Pulmonary capillaries are the tiny blood vessels located in the lungs that surround the air sacs (alveoli), where the exchange of oxygen and carbon dioxide takes place between the bloodstream and the lungs.

Systemic Capillaries

The smallest blood vessels in the body's systemic circulation, where the exchange of water, oxygen, carbon dioxide, and many other nutrients and waste substances between blood and the tissues occurs.

Superficial Palmar Arch

An arterial network in the palm of the hand that supplies blood to the fingers.

Subclavian Artery

A major artery located beneath the clavicle that supplies blood to the upper limbs, neck, and brain.