A computer company reported following information in the last fiscal year. (all amounts in millions). Calculate Inventory Turns. What can you say about the performance of this company based inventory turns. Net Revenue $18243 Cost of Goods Sold $14137 Average Raw Material on Hand $234 Average Finished Goods & Work In Progress Inventory $39 Product Material Days of Supply 6 days
A computer company reported following information in the last fiscal year. (all amounts in millions). Calculate Inventory Turns. What can you say about the performance of this company based inventory turns. Net Revenue $18243 Cost of Goods Sold $14137 Average Raw Material on Hand $234 Average Finished Goods & Work In Progress Inventory $39 Product Material Days of Supply 6 days
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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A computer company reported following information in the last fiscal year. (all amounts in millions). Calculate Inventory Turns. What can you say about the performance of this company based inventory turns.
Net Revenue |
$18243 |
Cost of Goods Sold |
$14137 |
Average Raw Material on Hand |
$234 |
Average Finished Goods & Work In Progress Inventory |
$39 |
Product Material Days of Supply |
6 days |
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