A firm with sales of $500,000 has average inventory of $200,000. The industry average for inventory turnover

Fantastic news! We've Found the answer you've been seeking!

Question:

A firm with sales of $500,000 has average inventory of $200,000. The industry average for inventory turnover is four times a year. what would be the reduction in inventory turnover if this firm were to achieve a turnover comparable to the industry average?

Posted Date: May 18, 2024 10:12 PM

See More Questions

Q1: How would a supply chain management and customer relationship management system help the company? What are limitations? 1 answer
The world airline system is composed of the routes X and Y, each of which requires 10 aircraft. These routes can be serviced by three types of aircraft'A, B, and C. There are 5 type A aircraft...
Waldo Entertainment Products, Inc. is negotiating with Disney for the rights to manufacture and sell superhero-themed toys for a three-year period. At the end of year 3, Waldo plans to liquidate the...
Use the working papers from On Your Own 18-2. A comparative balance sheet and forms for analyzing changes in long-term assets, long-term liabilities, and stockholders' equity are provided in the...
Below are various resources and activities for a social services agency that helps homeless people get housing. Required Indicate whether each of the following are likely to be unit-level or...
2 of 3 Required information [The following information applies to the questions displayed below.] Victory Company uses weighted average process costing. The company has two production processes....
Use the following accounts balances of Welch & Associates to prepare an income statement, a statement of owner's equity, and a balance sheet for the year ended December 31, 2021. The owner made no...
What percentage of the firms annual sales comes from its home market? What percentage comes from other countries? List different products you use on a regular basis, such as your alarm clock, camera,...
Why is it important for you to study international business?
Where was the item most likely manufactured? List different products you use on a regular basis, such as your alarm clock, camera, car, coffeemaker, computer, smartphone, television, tabletperhaps...
In which country is the firm headquartered? List different products you use on a regular basis, such as your alarm clock, camera, car, coffeemaker, computer, smartphone, television, tabletperhaps...
Is globalization good or bad for the world? Is its impact uniform, or are some groups and countries benefited/harmed more than other groups and countries?
A beam, of mass 50 kg and length 5 m, rests on two supports as shown in the diagram. Find the magnitude of the reaction force exerted by each support. 1 m 2 m
Citing a scientific article, explain in your own words, how DNA fingerprinting has been used in forensic science to solve crimes and why it may not always be accurate or effective.
At year end, Riverside Corporation announced that it would change its inventory valuation method from last-in, first-out (LIFO) to first-in, first-out (FIFO). The company also disclosed that the...
Exhibits 6.3, 6.4, and 6.5 in Chapter 6 present the financial results of the Arizona Ice Cream Company, Inc., using FIFO, LIFO, and the weighted-average cost method, respectively. Using this data,...
The following information is taken from the annual report of the Walgreens Boots Alliance, Inc..: Walgreens uses LIFO to value its inventory. Restate the companys financial results for 2015 assuming...

A firm with sales of $500,000 has average inventory of $200,000. The industry average for inventory turnover

Question:

Expert Answer:

Students also viewed these finance questions