Haymitch Global Industries is a world leading producer of loudspeakers and other electronics products, which are...

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Haymitch Global Industries is a world leading producer of loudspeakers and other electronics products, which are sold under b

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Answer 1

Answer #1

Inventory Turnover = Cost of Goods Sold /Average inventory

2016 = 4200 / [(510+610)/2]

= 7.5

2015 = 4050 / [(440+510)/2]

= 8.5

Days to sell = 365/Inventory Turnover

2015 = 365/7. 5 = 48.7 days

2016 = 365/8.5 = 42.9 days

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Answer 2

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