A company sells 7,200 units per year. The average inventory is 600 units. There are 360 working days per year. What are the inventory days of supply?
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what are the inventory days of supply?
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- What is the average cost?The Eagle Machine Company averaged $2 million in inventory last year, and the cost of goods sold was $10 million. Figure shows the breakout of raw materials, work-in-process, and finished goods inventories. The best inventory turnover in the company’s industry is six turns per year. If the company has 52 business weeks per year, how many weeks of supply were held in inventory? What was the inventory turnover? What should the company do?Gibson's has sales for the year of $538,900, cost of goods sold equal to 73 percent of sales, and an average inventory of $78,300. The profit margin is 7 percent and the tax rate is 21 percent. How many days, on average, does it take the company to sell an inventory item? Assume 365 days per year.
- Dabble, Inc. has sales of $970,000 and cost of goods sold of $461,000. The firm had an average inventory of $41,000. What is the length of the days' sales in inventory? (Use 365 days a year. Round your answer to 2 decimal places.) Days' sales in inventory daysA retailer has annual sales of $500,000 and an average finished-goods inventory of$15,000. If the retailer sells each unit for an average of $25 and purchases the units for$15, what is its annual inventory turnover?Sow Tire, Inc. has sales of $1,443,000 and cost of goods sold of $1,243,000. The firm had an average inventory of $96,300 and an ending inventory of $78,500. What is the length of the days' sales in inventory? (Use 365 days a year. Round your answer to 2 decimal places.) Days' sales in inventory days
- Let us suppose that the Apex Corporation's total annual sales are 4,800 units, the average inventory level is 400 units, and the annual working days are 320 days. The inventory days of supply (DOS) are____. a. Somewhere between 30 and 31 days. b. 26.67 days. c. 20.38 days. d. None of the above.Need AnswerWhat is the company's estimated EOQ on these general accounting question?
- Let us suppose that the Apex Corporation's total annual sales are 4,800 units, the average inventory level is 400 units, and the annual working days are 320 days. The inventory days of supply (DOS) are____. a. Somewhere between 30 and 31 days. b. 26.67 days. c. 20.38 days. d. None of the above.answerGeneral AccountingA firm with sales of $500,000 has average inventory of $200,000. the industry average for inventory turnover is four time a year. what would be the reduction in inventory if this firm were to achieve a turnover comparable to the industry average?