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Net sales (thousands of $) COGS (thousands of $) Merchandise inventories (thousands of $) Annual inventory holding cost rate (assumed) Part 2 - Overall Retail Performance (a)[4] Flow time (years, 5 decimal places) (b)[4] Days of supply (days, 2 decimal places) (c)[4] Inventory turns (turns per year, 5 decimal places) Part 3 - Item Retail Performance Cost of a fishing rod ($) (d)[4] Per-unit inventory holding cost rate (%, 2 decimals) (e)[4] Inventory holding cost of the item ($, 2 decimals) 8,750,743 6,196,185 2,202,275 30% Dick's Sporting Goods ? ? ? Dick's Sporting Goods 105

Net sales (thousands of $) COGS (thousands of $) Merchandise inventories (thousands of $) Annual inventory holding cost rate (assumed) Part 2 - Overall Retail Performance (a)[4] Flow time (years, 5 decimal places) (b)[4] Days of supply (days, 2 decimal places) (c)[4] Inventory turns (turns per year, 5 decimal places) Part 3 - Item Retail Performance Cost of a fishing rod ($) (d)[4] Per-unit inventory holding cost rate (%, 2 decimals) (e)[4] Inventory holding cost of the item ($, 2 decimals) 8,750,743 6,196,185 2,202,275 30% Dick's Sporting Goods ? ? ? Dick's Sporting Goods 105

FINANCIAL ACCOUNTING
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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Dick’s Sporting Goods is a large retailer based in Coraopolis, Pennsylvania. Given some indicators in fiscal year 2019-2020, we analyze its retail performance. The annual inventory holding cost rate is given in the table. The company carries a fishing rod at the unit cost of $105.

             To answer the question: (1) copy only Parts 2 and 3 onto your papers; (2) show numeric equations and final results; and (3) follow the units and decimal places specified.

 

 

portir Doas Net sales (thousands of $) COGS (thousands of $) Merchandise inventories (thousands of $) Annual inventory holding cost rate (assumed) Part 2 - Overall Retail Performance (a)[4] Flow time (years, 5 decimal places) (b)[4] Days of supply (days, 2 decimal places) (c)[4] Inventory turns (turns per year, 5 decimal places) Part 3 - Item Retail Performance Cost of a fishing rod ($) (d)[4] Per-unit inventory holding cost rate (%, 2 decimals) (e)[4] Inventory holding cost of the item ($, 2 decimals) 8,750,743 6,196,185 2,202,275 30% Dick's Sporting Goods ? ? Dick's Sporting Goods 105 ? ?
Transcribed Image Text:portir Doas Net sales (thousands of $) COGS (thousands of $) Merchandise inventories (thousands of $) Annual inventory holding cost rate (assumed) Part 2 - Overall Retail Performance (a)[4] Flow time (years, 5 decimal places) (b)[4] Days of supply (days, 2 decimal places) (c)[4] Inventory turns (turns per year, 5 decimal places) Part 3 - Item Retail Performance Cost of a fishing rod ($) (d)[4] Per-unit inventory holding cost rate (%, 2 decimals) (e)[4] Inventory holding cost of the item ($, 2 decimals) 8,750,743 6,196,185 2,202,275 30% Dick's Sporting Goods ? ? Dick's Sporting Goods 105 ? ?
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