Using Inventory Analysis Tools AutoZone and O'Reilly are two competitors in the retail automotive parts industry. AutoZone O'Reilly Average 2015 Inventory $3,290,867 $2,602,901 2015 Sales 10,265,117 8,044,451 2015 Cost of goods sold 4,860,309 3,804,031 Average 2014 Inventory $3,010,556 $2,474,917 2014 Sales 9,553,090 7,293,858 2014 Cost of goods sold 4,540,406 3,507,180 Use the information above to compute the companies' gross profit margin and days inventory outstanding for both years. Round answers to one decimal place (ex: 0.2345 = 23.5%). Gross Profit Margin AutoZone O'Reilly 2015 2014 Round to answers to one decimal place. Days Inventory Outstanding O'Reilly AutoZone 2015 2014

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Using Inventory Analysis Tools
AutoZone and O'Reilly are two competitors in the retail automotive parts industry.
AutoZone
O'Reilly
Average 2015 Inventory $3,290,867 $2,602,901
2015 Sales
10,265,117
8,044,451
2015 Cost of goods sold
4,860,309
3,804,031
Average 2014 Inventory $3,010,556 $2,474,917
2014 Sales
9,553,090 7,293,858
2014 Cost of goods sold
4,540,406 3,507,180
Use the information above to compute the companies' gross profit margin and days inventory outstanding for both years.
Round answers to one decimal place (ex: 0.2345 = 23.5%).
Gross Profit Margin
AutoZone
O'Reilly
2015
2014
Round to answers to one decimal place.
Days Inventory Outstanding
O'Reilly
AutoZone
2015
2014
Transcribed Image Text:Using Inventory Analysis Tools AutoZone and O'Reilly are two competitors in the retail automotive parts industry. AutoZone O'Reilly Average 2015 Inventory $3,290,867 $2,602,901 2015 Sales 10,265,117 8,044,451 2015 Cost of goods sold 4,860,309 3,804,031 Average 2014 Inventory $3,010,556 $2,474,917 2014 Sales 9,553,090 7,293,858 2014 Cost of goods sold 4,540,406 3,507,180 Use the information above to compute the companies' gross profit margin and days inventory outstanding for both years. Round answers to one decimal place (ex: 0.2345 = 23.5%). Gross Profit Margin AutoZone O'Reilly 2015 2014 Round to answers to one decimal place. Days Inventory Outstanding O'Reilly AutoZone 2015 2014
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