MedDev Inc. is a manufacturing company producing medical devices that reported $60,000,000 in sales over the last year. At the end of the same year, the company had $20,000,000 worth of inventory of ready-to-ship devices. Problem: MedDev Inc. 2. Assuming that units of inventory are valued (based on COGS) at $1,000 per unit and are sold at $2,000per unit, how many days, on average, does a device stay in MedDev's inventory before it is sold? (number only and decimal up to the second place, ex: 000.00) 182.5 Incorrect Sales: $60M sales at $2k each device - 30k devices/year Inventory: $20M inventory at $1k each device → 20k devices in inventory 3. What are MedDev's yearly inventory turns? (number only) 10000 (X) Incorrect You will be using the calculations from Question 2 to answer this question.

MedDev Inc. is a manufacturing company producing medical devices that reported $60,000,000 in sales over the last year. At the end of the same year, the company had $20,000,000 worth of inventory of ready-to-ship devices. Problem: MedDev Inc. 2. Assuming that units of inventory are valued (based on COGS) at $1,000 per unit and are sold at $2,000per unit, how many days, on average, does a device stay in MedDev's inventory before it is sold? (number only and decimal up to the second place, ex: 000.00) 182.5 Incorrect Sales: $60M sales at $2k each device - 30k devices/year Inventory: $20M inventory at $1k each device → 20k devices in inventory 3. What are MedDev's yearly inventory turns? (number only) 10000 (X) Incorrect You will be using the calculations from Question 2 to answer this question.

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Description: Don't give answer in image MedDev Inc. is a manufacturing company producing medical devices that reported $60,000,000 in sales over the last year. At theend of the same year, the company had $20,000,000 worth of inventory of ready-to-ship devices.2.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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