The owner of a large machine shop has just finished its financial analysis from the prior fiscal year. Following is an excerpt from the final report: Net revenue $ 363,000 Cost of goods sold 314,000 Value of production materials on hand 42,500 Value of work-in-process inventory 61,000 Value of finished goods on hand 24,500 a. Compute the inventory turnover ratio (ITR). (Round your answer to 1 decimal place.) b. Compute the weeks of supply (WS).

Which of the following best describes the economic effect that results when the government increases interest rates and restricts the lending of money? a. borrowing money becomes more expensive and there is less investment in production. b. the economy grows as investments result in larger profits. c. government spending drives up prices because of greater competition for goods and services. d. consumers save more money and spend less buying goods and services.

Experienced problem solvers always consider both the value and units of their answer to a problem. why?

The five steps to financial success a. five money myths b. five foundations