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. portirDoasNet sales (thousands of $)COGS (thousands of $)Merchandise inventories (thousands of $)Annual inventory holding cost rate (assumed)Part 2 - Overall Retail Performance(a)[4] Flow time (years, 5 decimal places)(b)[4] Days of supply (days, 2 decimal places)(c)[4] Inventory turns (turns per year, 5 decimal places)Part 3 - Item Retail PerformanceCost of a fishing rod ($)(d)[4] Per-unit inventory holding cost rate (%, 2 decimals)(e)[4] Inventory holding cost of the item ($, 2 decimals)8,750,7436,196,1852,202,27530%Dick's Sporting Goods??Dick's Sporting Goods105??

Net sales= $8750743 COGS= $6196185 Merchandise Inventories= $2202275 Annual Inventory holding cost…

Answered: Net sales (thousands of $) COGS…

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
?
?

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