What is the annual inventory carrying cost for the War Eagle Brand golf ball, to the nearest whole dollar? Do not enter a dollar sign in your answer.
Annual inventory Carrying Cost = Average Inventory*Carrying cost
Average inventory = 10,000
Carrying cost = Storage*Cost of one unit = 5*0.02 = $0.1
Annual inventory Carrying Cost = 10,000*0.1 = 1,000
Average inventory = 10,000 units Peak inventory (April) = 24,000 units Low inventory (October) = 5,000...
Although you are new to the company, you have been assigned the responsibility of communicating the cost of carrying your company's inventory of War Eagle Brand golf balls to the CEO. You have been provided the facts listed below. The boss wants to know the answer to several questions about the cost of carrying this inventory asap. Average inventory = 10,000 units Peak inventory (April) = 24,000 units Low inventory (October) = 5,000 units Storage = 2% Taxes = 1%...
CASE 1-5 Financial Statement Ratio Computation Refer to Campbell Soup Company's financial Campbell Soup statements in Appendix A. Required: Compute the following ratios for Year 11. Liquidity ratios: Asset utilization ratios:* a. Current ratio n. Cash turnover b. Acid-test ratio 0. Accounts receivable turnover c. Days to sell inventory p. Inventory turnover d. Collection period 4. Working capital turnover Capital structure and solvency ratios: 1. Fixed assets turnover e. Total debt to total equity s. Total assets turnover f. Long-term...