Orion Electronics has total annual sales of 5,200 units, an average inventory level of 400 units, and operates for 365 working days per year. What is the inventory days of supply (DOS)?
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- 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.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.answerThe XYZ Company has total annual sales of 4,500 units, an average inventory level of 375 units, and annual working days of 360 days. Required: Compute the Inventory Days of Supply (DOS). a) 31 days b) 24 days c) 30 days d) None of the above
- 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 daysSapphire Aerospace operates 52 weeks per year, and its cost of goods sold last year was $6,500,000. The firm carries eight items in inventory: four raw materials, two work-in-process items, and two finished goods. Table shows last year’s average inventory levels for these items, along with their unit values.a. What is the average aggregate inventory value?b. How many weeks of supply does the firm have?c. What was the inventory turnover last year? Sapphire Aerospace Inventory Items Category Part Number Average InventoryUnits Value per Unit Raw materials RM-1 20000 $1 RM-2 5000 5 RM-3 3000 6 RM-4 1000 8 Work-in-process WIP-1 6000 10 WIP-2 8000 12 Finished goods FG-1 1000 65 FG-2 500 88On average, a firm sells $2,000,000 in merchandise a month. It keeps inventory equal to one-half of its monthly sales on hand at all times. If the firm analyzes its accounts using a 365-day year, what is the firm’s inventory conversion period (ICP)? (Hint: ICP = 365/(sales/inventory)