Gucci, a high-fashion retailer, has about $2,117,000 worth of inventory on average at their 5th ave...
Gucci, a high-fashion retailer, has about $2,117,000 worth of inventory on average at their 5th ave location. Their overall sales per year at that location is $31,755,000. They sell about $87,000 worth of inventory per day.
Calculate the days-of-supply for Gucci's inventory at this 5th ave location. Round up to nearest whole #.
Homework Answers
Days-of-supply = present on hand inventory/inventory used per day = 2117000/87000 = 24.33333333 = 24 (Rounded to nearest whole number)
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