Key figures for Samsung follow. Required 1. For the most recent two years, compute Samsungs (a) inventory
Question:
Key figures for Samsung follow.
Required
1. For the most recent two years, compute Samsung’s (a) inventory turnover and (b) days’ sales in inventory.
2. Is the change in Samsung’s inventory turnover favorable or unfavorable?
3. Did the current-year inventory turnover for Samsung underperform or outperform the industry’s average turnover of 15?
W millions Current Year One Year Prior Two Years Prlor Inventory... W 28,984,704 W 24,983,355 W 18,353,503 Cost of sales.. 132,394,411 129,290,661 120,277,715
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ANSWER 1 a Inventory turnover for the most recent two years Current year Cos...View the full answer
Financial Accounting Information For Decisions
ISBN: 9781260705584
10th Edition
Authors: John J. Wild
Related Video
Inventory turnover is a key metric that helps businesses evaluate the efficiency of their operations. A high turnover ratio is generally considered positive, indicating that the company is effectively selling its inventory and making efficient use of its resources. On the other hand, a low turnover ratio may indicate issues such as overstocking or slow sales and may require further examination to identify and address the underlying causes. Businesses use this ratio to make decisions about inventory levels, production schedules, and pricing strategies. It also helps businesses to identify areas where they may need to make improvements, such as reducing lead times for production or optimizing sales and marketing efforts. Additionally, inventory turnover is used by investors and analysts as a key performance indicator to evaluate the financial health and growth potential of a company.
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