The following information pertains to two competitors, Metlock Inc. and Ivanhoe Ltd. Company Metlock Inc. Ivanhoe Ltd. Beginning Ending Inventory Inventory $138,400 $207,600 $604,680 $387,520 * Your answer is incorrect. Cost of Goods Sold Metlock Inc. reported sales revenue of $1,730,000, and Ivanhoe Ltd. reported sales revenue of $4,510,000. $1,204,080 $1,726,428 Capital that can be freed up $ Estimate the capital that Metlock could free up if it were to reduce its days to sell inventory ratio by 5 days. (Round days in inventory to 2 decimal places. Enter amount in thousands rounded to 0 decimal places, e.g. 125.) 17 thousand
The following information pertains to two competitors, Metlock Inc. and Ivanhoe Ltd. Company Metlock Inc. Ivanhoe Ltd. Beginning Ending Inventory Inventory $138,400 $207,600 $604,680 $387,520 * Your answer is incorrect. Cost of Goods Sold Metlock Inc. reported sales revenue of $1,730,000, and Ivanhoe Ltd. reported sales revenue of $4,510,000. $1,204,080 $1,726,428 Capital that can be freed up $ Estimate the capital that Metlock could free up if it were to reduce its days to sell inventory ratio by 5 days. (Round days in inventory to 2 decimal places. Enter amount in thousands rounded to 0 decimal places, e.g. 125.) 17 thousand
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:The following information pertains to two competitors, Metlock Inc. and Ivanhoe Ltd.
Company
Metlock Inc.
Ivanhoe Ltd.
Beginning Ending
Inventory
Inventory
$138,400
$207,600
$604,680 $387,520
* Your answer is incorrect.
Cost of
Goods Sold
Metlock Inc. reported sales revenue of $1,730,000, and Ivanhoe Ltd. reported sales revenue of $4,510,000.
$1,204,080
$1,726,428
Capital that can be freed up $
Estimate the capital that Metlock could free up if it were to reduce its days to sell inventory ratio by 5 days. (Round days in
inventory to 2 decimal places. Enter amount in thousands rounded to 0 decimal places, e.g. 125.)
17
thousand
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