The days’ sales in inventory is an estimate of the number of days that it will...
The days’ sales in inventory is an estimate of the number of days that it will take to sell the current inventory.
- What is the ideal number of days’ sales in inventory?
- In general, does a company want many days’ sales in inventory?
- Can days’ sales in inventory be too low?
Homework Answers
The days’ sales in inventory is an estimate of the number of days that it will take to sell the current inventory.
1. What is the ideal number of days’ sales in inventory?
There is no universal standard for the ideal number of days' sales in inventory. However, there can be a benchmark in the form an industry average for the metric.
2. In general, does a company want many days’ sales in inventory?
No, a company does not want many days' sales in inventory as it inventory has carrying and holding costs.
3. Can days’ sales in inventory be too low?
No, it cannot be too low. Minimum stock has to be maintained considering the lead time to procure stock and the required safety stock.
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The days’ sales in inventory is an estimate of the number of
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Q. S. 17-12 2 (a) calculate the days' sales in inventory for each company to two...
Q. S. 17-12 2 (a) calculate the days' sales in inventory for each company to two decimal places Ending inventory Cost of goods sold Co. A Co. B Со с $20,000 $75,000 $140,000 345,000 540,000 2,100,000 • (b) which company will take the longest to sell its current balance in inventory?
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Inventory turnover and number of days' sales in inventory Financial statement data for years ending December 31 for Tan...
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Inventory Turnover and Number of Days' Sales in Inventory Financial statement data for years ending December...
Inventory Turnover and Number of Days' Sales in Inventory
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Bezos Corp. has sales of $913,400, costs of goods sold of $579,300, inventory of $135,000, and...
Bezos Corp. has sales of $913,400, costs of goods sold of $579,300, inventory of $135,000, and accounts receivable of $78,900. How many days, on average, does it take the firm to sell its inventory assuming that all sales are on credit? OA) 121.07 days OB) 85.06 days OC) 106.46 days OD) 57.97 days E) 118.08 days
Glentel has sales of $2,780,000. The cost of goods sold is equal to 68 percent of...
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Barrick Company has sales of $3,215,000. The cost of goods sold is equal to 65 percent...
Barrick Company has sales of $3,215,000. The cost of goods sold is equal to 65 percent of sales. The company has an average inventory of $725,000. How many days on average does it take the company to sell its inventory? 95.14 days 113.82 days 108.88 days 126.63 dasy 134.47 days
A company with a liquid inventory will have: Select one: a. A high inventory tunover and...
A company with a liquid inventory will have: Select one: a. A high inventory tunover and a low average number of days to sell inventory. b. A low inventory turnover and a low average number of days to sell inventory. O c. A high inventory turnover and a high average number of days to sell inventory. d. A low inventory turnover and a high average number of days to sell inventory. 6
Lowell Sun has sales of $4,120,000. The cost of goods sold is equal to 65 percent...
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Q. S. 17-12 2 (a) calculate the days' sales in inventory for each company to two decimal places Ending inventory Cost of goods sold Co. A Co. B Со с $20,000 $75,000 $140,000 345,000 540,000 2,100,000 • (b) which company will take the longest to sell its current balance in inventory?
Inventory turnover and number of days' sales in inventory Financial statement data for years ending December 31 for Tango Company follow: 2047 2046 Cost of goods sold $3,728,475 $4,004,780 Inventories: Beginning of year 788,400 751,900 End of year 868,700 788,400 Required a. Determine the inventory turnover for 2017 and 20Y6. Round to one decimal place. 2047 2046 Inventory turnover b. Determine the number of days' sales in inventory for 2017 and 20Y6. Use 365 days and round to one decimal...
Inventory turnover and number of days' sales in inventory Financial statement data for years ending December 31 for Tango Company follow: 2047 2046 Cost of goods sold $3,756,945 $3,965,725 Inventories: Beginning of year 759,200 737,300 End of year 839,500 759,200 Required a. Determine the inventory turnover for 20Y7 and 20Y6. Round to one decimal place. 2017 2016 Inventory turnover b. Determine the number of days' sales in inventory for 20Y7 and 20Y6. Use 365 days and round to one decimal...
Inventory Turnover and Number of Days' Sales in Inventory
Financial statement data for years ending December 31 for Tango Company follows:
Bezos Corp. has sales of $913,400, costs of goods sold of $579,300, inventory of $135,000, and accounts receivable of $78,900. How many days, on average, does it take the firm to sell its inventory assuming that all sales are on credit? OA) 121.07 days OB) 85.06 days OC) 106.46 days OD) 57.97 days E) 118.08 days
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