Imagine that you are the supply chain manager for the Magic Widget company and you need...
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Imagine that you are the supply chain manager for the Magic Widget company and you need to measure your supply chain performance. The chart shows the financial variables that you will need to perform your task. Financial Variables Total Assets (in $ billions) Cost of Goods Sold (in $ billions) Inventory: Raw Material Inventory (in $ billions) Work-in-progress Inventory (in $ billions) Finished Goods Inventory (in $ billions) 29.7 28.3 inventory turnover for the firm is .98 .89 .88 Compute the percentage of assets committed to inventory and inventory turnover. Round your answers to the first decimal place. The total assets committed to inventory is times. % and the Imagine that you are the supply chain manager for the Magic Widget company and you need to measure your supply chain performance. The chart shows the financial variables that you will need to perform your task. Financial Variables Total Assets (in $ billions) Cost of Goods Sold (in $ billions) Inventory: Raw Material Inventory (in $ billions) Work-in-progress Inventory (in $ billions) Finished Goods Inventory (in $ billions) 29.7 28.3 inventory turnover for the firm is .98 .89 .88 Compute the percentage of assets committed to inventory and inventory turnover. Round your answers to the first decimal place. The total assets committed to inventory is times. % and the
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Related Book For
Fundamentals of Cost Accounting
ISBN: 978-0077398194
3rd Edition
Authors: William Lanen, Shannon Anderson, Michael Maher
Posted Date:
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