Question

Assume you are the vice president of operations of HG Lang. To prepare for a meeting with Adrienne Aiello, the company president, you are in the process of analyzing inventory.
HG Lang Designs operates an exclusive bridal boutique in Manhattan. All gowns are designed by Lang but are manufactured by various small firms in France and Italy. The following financial information for the company relates.


HG Lang Designs
Income Statements


Required
a. Compute inventory turnover and days ‘sales in inventory.
b. Based on your contacts in the industry, you know that inventory turnover at similar companies is generally around 7 and days ‘sales in inventory is around 52.How does HG Lang’s performance compare to theseaverages?


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  • CreatedSeptember 23, 2013
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