Question: a. Calculate the merchandise inventory turnover for 2014 for each company (round to two decimal places). b. Can you compare these companies? Explain. c. Review
a. Calculate the merchandise inventory turnover for 2014 for each company (round to two decimal places).
b. Can you compare these companies? Explain.
c. Review the turnover for Freshcut Flowers Inc. Does this result appear to be logical? Explain why or whynot.
(millions of $) Computer Inc. Furniture Retallers Freshcut Flowers Inc. Furniture Unlimited 2014 2013 2014 2013 2014 2013 2014 2013 Cost of goods sold Merchandise inventory $1,350 960 $2,940 51,920 $2,160 $2,430 $2,190 $1,740 150 120 105 60 15 45 120
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