Imagine that you are the supply chain manager for the Magic Widget company and you need...
Imagine that you are the supply chain manager for the Magic Widget company and you need to measure your supply chain performance. The chart shows the financial variables that you will need to perform your task.
| Financial Variables | Amount in $ Billions |
|---|---|
| Inventory Investment | 7.5 |
| Total Assets | 54.3 |
| Cost of Goods Sold | 35.2 |
| Raw Material Inventory | .25 |
| Work-in-progress Inventory | .16 |
| Finished Goods Inventory | .85 |
Compute the percentage of assets committed to inventory and inventory turnover. Round your answers to the first decimal place.
The total assets committed to inventory is _____ % and the inventory turnover for the firm is _____ times.
Homework Answers
Percentage of Assets committed to Inventory = Inventory
Investment / Total Assets
Percentage of Assets committed to Inventory = $7.5 billion / $54.3
billion
Percentage of Assets committed to Inventory = 0.1381 or 13.81%
Inventory Turnover = Cost of Goods Sold / Inventory
Investment
Inventory Turnover = $35.2 billion / $7.5 billion
Inventory Turnover = 4.69 times
The total assets committed to inventory is 13.81% and the inventory turnover for the firm is 4.69 times.
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