What is the average inventory turnover for the firm? U.S. Airfilter has hired you as a supply chain consultant. The company makes air filters for residentialheating and air-conditioning systems. These filters are made in a single plant located in Louisville,Kentucky, in the United States. They are distributed to retailers through wholesale centers in 100locations in the United States, Canada, and Europe. You have collected the following data relating tothe value of inventory in the U.S. Airfilter supply chain:QUARTER 1(JANUARYTHROUGH MARCH) THROUGH JUNE) SEPTEMBER)QUARTER 2(APRILQUARTER 3QUARTER 4(JULY THROUOH (OCTOBER THROUGHDECEMBER)Sales (total quarter):United States350300754057537570CanadaEurope6030332015Cost of goodssold (total quarter)280295340350Raw materials at50405560the Louisvilleplant (end-of-quarter)Work-in-process100105120150and finishedgoods at theLouisville plant(end-of-quarter)Distribution centerInventory (end-of-quarter):United States272510231530Canada1116Europe455All amounts in millions of U.S. dollars.a. What is the average inventory turnover for the firm?

Inventory Turnover Ratio: It is a dimensionless parameter to evaluate supply chain efficiency level.…

U.S. Airfilter has hired you as a supply chain consultant. The company makes air filters for residential heating and air-conditioning systems. These filters are made in a single plant located in Louisville, Kentucky, in the United States. They are distributed to retailers through wholesale centers in 100 locations in the United States, Canada, and Europe. You have collected the following data relating to the value of inventory in the U.S. Airfilter supply chain: QUARTER 1 (JANUARY QUARTER 2 (APRIL. THROUGH MARCH) THROUGH JUNE) SEPTEMBER) QUARTER 3 QUARTER 4 (JULY THROUGH (OCTOBER THROUGH DECEMBER) Sales (total quarter): United States 300 350 405 375 Canada 75 30 60 33 75 20 70 15 Europe Cost of goods 280 295 340 350

U.S. Airfilter has hired you as a supply chain consultant. The company makes air filters for residential heating and air-conditioning systems. These filters are made in a single plant located in Louisville, Kentucky, in the United States. They are distributed to retailers through wholesale centers in 100 locations in the United States, Canada, and Europe. You have collected the following data relating to the value of inventory in the U.S. Airfilter supply chain: QUARTER 1 (JANUARY QUARTER 2 (APRIL. THROUGH MARCH) THROUGH JUNE) SEPTEMBER) QUARTER 3 QUARTER 4 (JULY THROUGH (OCTOBER THROUGH DECEMBER) Sales (total quarter): United States 300 350 405 375 Canada 75 30 60 33 75 20 70 15 Europe Cost of goods 280 295 340 350

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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