Homework Answers
Average inventory = $15 million
Weekly cost of goods sold = $3 million
Number of weeks per year = 51 weeks
Annual cost of goods sold = $3 million x 51 = $153 million
Inventory turnover = cost of goods sold / Average inventory
= $153 million / $15 million
= 10.2 turns
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QUESTION 11 Padco averages $15 million worth of inventory in all of its worldwide locations. They...
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Changing cash conversion cycle Camp Manufacturing turns over its inventory 5 times each year, has an...
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I will give thumbs up! thank you! Akers Inc. maintains an average inventory of $1,150,000 (at...
I will give thumbs up! thank you!
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Please answer all parts. need typed answers Perlor, a musical instruments manufacturer in Indonesia, make and...
Please answer all parts. need typed answers
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What is the inventory holding cost during transportation?
Perlor, a musical instruments manufacturer in Indonesia, make and sell guitars. Let’s assume they operate at maximum capacity, making guitars seven days a week, 52 weeks per year, with a production result of 100 guitars per week. Perlor ship all guitars they can produce as soon as they can, keeping no safety stock.The guitars are shipped to Germany, where a wholesaler distributes them to all over Europe. Sales in units is the same as the production in Indonesia.The value of...
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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?...
Changing cash conversion cycle Camp Manufacturing turns over its inventory 5 times each year, has an average payment period of 30 days, and has an average collection period of 51 days. The firm has annual sales of $4.0 million and cost of goods sold of $2.2 million. (Use a 365-day year) a. Calculate the firm's operating cycle and cash conversion cycle b. What is the dollar value of inventory held by the firm? c. If the firm could reduce the...
I will give thumbs up! thank you!
Akers Inc. maintains an average inventory of $1,150,000 (at cost). Last year, Akers' sales volume was $11,500,000 and cost of goods sold was $5,290,000. Akers has determined that its inventory carrying cost is 15 percent annually. a. What was the inventory turnover rate? (Round your answer to 1 decimal place.) Inventory turnover rate times b. How much was the inventory carrying cost for the year? Inventory carrying cost Meyer Stores carries a specialty...
Please answer all parts. need typed answers
Perlor, a musical instruments manufacturer in Indonesia, make and sell guitars. Let's assume they operate at maximum capacity, making guitars seven days a week, 52 weeks per year, with a production result of 100 guitars per week. Perlor ship all guitars they can produce as soon as they can keeping no safety stock. The guitars are shipped to Germany, where a wholesaler distributes them to all over Europe. Sales in units is the...
21) Maple Leaf, Inc., a television manufacturer, would like to reduce its inventory. To this end, you are asked by the operations manager to assess its inventory level. You have the following information on average inventories from last year's financial statement: $2,500,000 $3,000,000 $ 2,800,000 Raw materials Work-in-process Finished goods In addition, the cost of goods sold last year (50 weeks) was $15 million. What was the inventory turnover? A) less than or equal to two B) greater than two...
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?...
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