Consider a Firm with an Annual Net Income of $20

Multiple Choice

Consider a firm with an annual net income of $20 million,revenue of $60 million and cost of goods sold of $25 million.If the balance sheet amounts show $2 million of inventory and $500,000 of property,plant & equipment,how many weeks of supply does the firm hold?

A) 12.50
B) 5.20
C) 2.60
D) 0.08
E) 4.16