Homework Answers
Weeks of supply = 365 / (COGS for the year / Average Inventory) = 365 / (14810 / 1000) = 24.65 days / 7 days = 3.52 weeks
Inventory turnover = (COGS for the year / Average Inventory) = 14810 / 1000 = 14.81 times
The higher the inventory turnover, the more efficient is the supply chain. Hence Arrow Distributing Corporation has a better supply chain performance as it is able to turnover 14.81 times the average inventory as compared to 13.5 times of the manufacturer.
Add Answer to:
Arrow Distributing Corp. likes to track inventory by using weeks of supply as well as by...
Arrow Distributing Corp. likes to track inventory by using weeks of supply as well as by...
Arrow Distributing Corp. likes to track inventory by using weeks of supply as well as by inventory turnover. Arrow Distributing Corp. Net Revenue $15.760 Cost of sales $12,330 Inventory $960 Total assets $9,350 a) What is its weeks of supply? weeks (round your response to two decimal places). a) What is its weeks of supply? weeks (round your response to two decimal places). b) what percentage of arrows are committed to inventory? c) what is arrow inventory turnover ?
Arrow Distributing Corp.lkes to track inventory by using weeks of supply as well as by inventoryturnover....
Arrow Distributing Corp.lkes to track inventory by using weeks of supply as well as by inventoryturnover. Arrow Distributing Corp Net Revenue Cost of sales Inventory Total assets $17,300 $12,280 $1,100 $9,350 a) What is its weeks of supply?weeks (round your response to two decimal placos)
Arrow Distributing Corps to track intory by using weeks of supply as well as by inventory...
Arrow Distributing Corps to track intory by using weeks of supply as well as by inventory move a) What is its weeks of supply w ooks (round your response to ao deomp
Please answer all parts of question number 3 and type them and bold or underline the...
Please answer all parts of
question number 3 and type them and bold or underline the correct
answers
Baker Mfg Inc. wishes to compare its inventory turnover to those
of industry leaders, who have turnover of about
1313
times per year and
88 %
of their assets invested in inventory.
Baker Mfg. Inc.
Net Revenue
$27 comma 50027,500
Cost of sales
$19 comma 41019,410
Inventory
$1 comma 2901,290
Total assets
$17 comma 82017,820
a) What is Baker's inventory turnover?...
This Question: 10 pts 25 of 27 (25 complete) This Quiz: 70 pls possible hes to...
This Question: 10 pts 25 of 27 (25 complete) This Quiz: 70 pls possible hes to compare its inventory tumover to those of industry leaders, who have turnover of about 13 times per year and 8% of their assets invested in inventory Baker Míg. Inc. Net Revenue Cost of sales Inventory Total assets $27,500 $21,120 $1,260 $16,380 a) What is Baker's inventory turnover? times per year (round your response to two decimal places) b) What is Baker's percent of assets...
First Half Second Half JPJ Corp has sales of $1.43 million, accounts receivable of $50,000, total...
First Half
Second Half
JPJ Corp has sales of $1.43 million, accounts receivable of $50,000, total assets of $4.97 million (of which $2.91 million are fixed assets). inventory of $143,000, and cost of goods sold of $603,000. What is JPJ's accounts receivable days? Fixed asset turnover? Total asset turnover? Inventory turnover? If JPJ Corp is able to increase sales by 11.8% but keep its total and fixed asset growth to only 4.3%, what will its new asset turnover ratios be?...
The 2018 income statement of Anderson Medical Supply Company reported net sales of $10 million, cost...
The 2018 income statement of Anderson Medical Supply Company reported net sales of $10 million, cost of goods sold of $5.6 million, and net income of $840,000. The following table shows the company's comparative balance sheets for 2018 and 2017: 0182017 $460 540 Assets Cash Accounts receivable Inventory Property, plant, and equipment (net) 860 1,300 1,100 3,2002,920 $5,820 $5,140 Total assets Liabilities and shareholders equity Current liabilities Bonds payable Paid-in capital Retained earnings $1,120 990 1,600 1,600 1,800 1,800 1...
Some recent financial statements for Smolira Golf Corp follow SMOLIRA GOLF CORP. 2014 and 2015 Balance...
Some recent financial statements for Smolira Golf Corp follow SMOLIRA GOLF CORP. 2014 and 2015 Balance Sheets Assets Liabilities and Owners' Equity 2014 2014 2015 Current assets Current liabilities 24.126 24,900 16,000 27,900 Cash Accounts receivable Inventory 13 248 26,542 Accounts payable Notes payable Other 23,984 27,900 11600 18,000 12,371 16,500 54,355 56,000 s 77,00087000 Common stock and paid in surplus50,000 50,000 Total S 63,916$68,800 Total Long-term debt Owners' equity Accumulated refained earnings 238,000 $265,256 $288,000 $396,611$431,000 215,256 Fixed assets...
Goals for Sales and Return on Assets The president of Blue Moon Corp. and her department...
Goals for Sales and Return on Assets The president of Blue Moon Corp. and her department managers are reviewing the operating results of the year just completed. Sales increased by 12% from the previous year to $750,000. Average total assets for the year were $400,000. Net income, after adding back interest expense, net of tax, was $60,000. The president is happy with the performance over the past year but is never satisfied with the status quo. She has set two...
Shine's has 100,000 common shares outstanding during 2016, Requirements inventory turnover, days' sales in inventory, and...
Shine's has 100,000 common shares outstanding during 2016, Requirements inventory turnover, days' sales in inventory, and gross profit percentage for Shine's Companies for 2016. 2. Compute days' sales in receivables during 2016. Round dollar amounts to three decimal places. Assume all sales were on account. 3. What do these ratios say about Shine's Companies' ability to sell inventory and collect receivables? Requirement 1. Compute the inventory turnover, days' sales in inventory, and gross profit percentage for Shine's Companies for 2016...
Arrow Distributing Corp. likes to track inventory by using weeks of supply as well as by inventory turnover. Arrow Distributing Corp. Net Revenue $15.760 Cost of sales $12,330 Inventory $960 Total assets $9,350 a) What is its weeks of supply? weeks (round your response to two decimal places). a) What is its weeks of supply? weeks (round your response to two decimal places). b) what percentage of arrows are committed to inventory? c) what is arrow inventory turnover ?
Arrow Distributing Corp.lkes to track inventory by using weeks of supply as well as by inventoryturnover. Arrow Distributing Corp Net Revenue Cost of sales Inventory Total assets $17,300 $12,280 $1,100 $9,350 a) What is its weeks of supply?weeks (round your response to two decimal placos)
Arrow Distributing Corps to track intory by using weeks of supply as well as by inventory move a) What is its weeks of supply w ooks (round your response to ao deomp
Please answer all parts of
question number 3 and type them and bold or underline the correct
answers
Baker Mfg Inc. wishes to compare its inventory turnover to those
of industry leaders, who have turnover of about
1313
times per year and
88 %
of their assets invested in inventory.
Baker Mfg. Inc.
Net Revenue
$27 comma 50027,500
Cost of sales
$19 comma 41019,410
Inventory
$1 comma 2901,290
Total assets
$17 comma 82017,820
a) What is Baker's inventory turnover?...
This Question: 10 pts 25 of 27 (25 complete) This Quiz: 70 pls possible hes to compare its inventory tumover to those of industry leaders, who have turnover of about 13 times per year and 8% of their assets invested in inventory Baker Míg. Inc. Net Revenue Cost of sales Inventory Total assets $27,500 $21,120 $1,260 $16,380 a) What is Baker's inventory turnover? times per year (round your response to two decimal places) b) What is Baker's percent of assets...
First Half
Second Half
JPJ Corp has sales of $1.43 million, accounts receivable of $50,000, total assets of $4.97 million (of which $2.91 million are fixed assets). inventory of $143,000, and cost of goods sold of $603,000. What is JPJ's accounts receivable days? Fixed asset turnover? Total asset turnover? Inventory turnover? If JPJ Corp is able to increase sales by 11.8% but keep its total and fixed asset growth to only 4.3%, what will its new asset turnover ratios be?...
The 2018 income statement of Anderson Medical Supply Company reported net sales of $10 million, cost of goods sold of $5.6 million, and net income of $840,000. The following table shows the company's comparative balance sheets for 2018 and 2017: 0182017 $460 540 Assets Cash Accounts receivable Inventory Property, plant, and equipment (net) 860 1,300 1,100 3,2002,920 $5,820 $5,140 Total assets Liabilities and shareholders equity Current liabilities Bonds payable Paid-in capital Retained earnings $1,120 990 1,600 1,600 1,800 1,800 1...
Some recent financial statements for Smolira Golf Corp follow SMOLIRA GOLF CORP. 2014 and 2015 Balance Sheets Assets Liabilities and Owners' Equity 2014 2014 2015 Current assets Current liabilities 24.126 24,900 16,000 27,900 Cash Accounts receivable Inventory 13 248 26,542 Accounts payable Notes payable Other 23,984 27,900 11600 18,000 12,371 16,500 54,355 56,000 s 77,00087000 Common stock and paid in surplus50,000 50,000 Total S 63,916$68,800 Total Long-term debt Owners' equity Accumulated refained earnings 238,000 $265,256 $288,000 $396,611$431,000 215,256 Fixed assets...
Goals for Sales and Return on Assets The president of Blue Moon Corp. and her department managers are reviewing the operating results of the year just completed. Sales increased by 12% from the previous year to $750,000. Average total assets for the year were $400,000. Net income, after adding back interest expense, net of tax, was $60,000. The president is happy with the performance over the past year but is never satisfied with the status quo. She has set two...
Shine's has 100,000 common shares outstanding during 2016, Requirements inventory turnover, days' sales in inventory, and gross profit percentage for Shine's Companies for 2016. 2. Compute days' sales in receivables during 2016. Round dollar amounts to three decimal places. Assume all sales were on account. 3. What do these ratios say about Shine's Companies' ability to sell inventory and collect receivables? Requirement 1. Compute the inventory turnover, days' sales in inventory, and gross profit percentage for Shine's Companies for 2016...
Most questions answered within 3 hours.
-
What kind of experiment would allow you to test that the
posterior cytoplasm can cause the...
asked 42 seconds from now -
Code in C++ please!
Write a function that takes an array of integers as an input...
asked 21 seconds ago -
Predict the reactions, if any, when the
following hydrogen compounds are added to water, and
explain...
asked 19 minutes ago -
What is the expression for the uncertainty in the total energy
Etot of equation?
Assume an...
asked 22 minutes ago -
A sledge loaded with bricks has a total mass of 18.5 kg and is
pulled at...
asked 14 minutes ago -
Write a command line to view the long listing of all files,
including hidden files, with...
asked 19 minutes ago -
In response to the increasing weight of airline passengers, the
Federal Aviation Administration told airlines to...
asked 22 minutes ago -
Events A and B are independent. Suppose event A occurs with
probability 0.63 and event B...
asked 32 minutes ago -
Rubies are essentially alumina Al2O3 with a contaminant of
chromium in the form of Cr2O3. A...
asked 40 minutes ago -
Write a full program that will accept
exactly three command line arguments
that can be interpreted as...
asked 42 minutes ago -
1.histones are proteins that make up nucleosomes. they bind to
the backbone of DNA in chromosomes....
asked 51 minutes ago -
What is the relationship between a variables value and their
probabilities as it is summarized by...
asked 1 hour ago