, Ohio Valley Homecare Suppliers, Incorporated (OVHS) had $11 million in sales in 2015. Its cost...
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Ohio Valley Homecare Suppliers, Incorporated (OVHS) had $11 million in sales in 2015. Its cost of goods sold was $4.4 million, and its average inventory balance was $2.1
million.
a. Calculate the number of inventory days outstanding for OVHS.
b. The average number of inventory days in the industry is 73 days.
By how much would OVHS reduce its investment in inventory if it could improve its inventory days to meet the industry average?
a. Calculate the number of inventory days outstanding for OVHS.
The number of inventory days is ___________
days. (Round to the nearest integer.
)b. The average number of inventory days in the industry is 73days. By how much would OVHS reduce its investment in inventory if it could improve its inventory days to meet the industry average?
OVHS would reduce its inventory by ___________ . (Round to the nearest dollar.)
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Homework Answers
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Ohio Valley Homecare Suppliers, Incorporated (OVHS) had $11
million in sales in 2015. Its cost...
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Ohio valley homecare suppliers, incorporated (ovhs) had $19
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and its average inventory balance was $1.6 million. Please pay
attention to the rounding requirements.
Ohio Valley Homecare Suppliers, Incorporated (OVHS) had $19 million in sales in 2015. Its cost of goods sold was $7.6 million, and its average inventory balance was $1.6 million. a. Calculate the number of inventory days outstanding for OVHS. b. The average number of...
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Homework: Week7 Problem Set Score: 0...
Ohio valley homecare suppliers, incorporated (ovhs) had $19
million in sales in 2015. its cost of goods sold was $7.6 million,
and its average inventory balance was $1.6 million. Please pay
attention to the rounding requirements.
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a. Calculate The Greek Connection's net
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