Key figures for Samsung follow. Required 1. Compute Samsung?s (a) inventory turnover and (b) days? sales in
Question:
Key figures for Samsung follow.
Required
1. Compute Samsung?s (a) inventory turnover and (b) days? sales in inventory for the most recent two years.
2. Is Samsung?s inventory turnover on a favorable or unfavorable trend?
3. In the current year, does Samsung?s inventory turnover underperform or outperform the industry (assumed) average of 15?
One Year Prior Two Years Prior W 17,317,504 W millons Current Year Inventory... Cost of sales.. W 18,353,503 120,277,715 W 18,811,794 123,482,118 128,278,800
Step by Step Answer:
1 a Current year X Samsung millions One year prior X Sa...View the full answer
Financial Accounting Information for Decisions
ISBN: 978-1259917042
9th 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.
Students also viewed these Business questions
-
Samsung (www.Samsung.com), which is a leading manufacturer of consumer electronic products, along with Apple and Google, are competitors in the global marketplace. Key figures for Samsung follow (in...
-
Samsung (Samsung.com), a leading manufacturer of consumer electronic products, along with Apple and Google, are competitors in the global marketplace. Key figures for Samsung follow (in KRW...
-
Samsung (www.Samsung.com), which is a leading manufacturer of consumer electronic products, along with Apple and Google, are competitors in the global marketplace. Key figures for Samsung follow (in...
-
b) A firm produces two types of sugar, A and B at a constant average cost of RM 2 and RM3 per kilogram, respectively. The quantities, q and qg (in kilogram) of A and B that can be sold each week are...
-
If 10,000 units per year are sold, what is the annual profit? (a) $280,000 (b) $50,000 (c) $150,000 (d) -$50,000 (e) $30,000
-
Repeat Prob. 757, except let the speed of sound c in an ideal gas be a function of absolute temperature T, universal ideal gas constant R u , molar mass (molecular weight) M of the gas, and ratio of...
-
Reconsider the data from Problem 51. What is the capital recovery cost of Alternative 3 for a 6-year life? Data from problem 51 Alternatives 1, 2, and 3 have lives of 3, 4, and 6 years, respectively....
-
Huron Furniture is considering updating its cost system to an activity-based costing system and is interested in understanding the effects. The company's cost accountant has identified three overhead...
-
Question 1 Let X be a finite set of prizes and A(X) be the set of lotteries over those prizes. Show that, if a set of preferences > on A(X) has an expected utility representation, then it must be the...
-
1. Show how the sampling error calculations for the posttest measures were calculated. 2. If the CEO wanted to be sure that the estimates of awareness and positive image are within 2 percent of the...
-
Use Apples financial statements in Appendix A to answer the following. Required 1. What amount of inventories did Apple report as a current asset (a) on September 24, 2016? (b) On September 26, 2015?...
-
Navajo Company?s financial statements show the following. The company recently discovered that in making physical counts of inventory, it had made the following errors: Inventory on December 31,...
-
On January 1, 2010, Stephanie Bridges acquired depreciable real property for $50,000. She used straight-line depreciation to compute the assets cost recovery. The asset was sold for $96,000 on...
-
What special rules affect three types of taxpayers?
-
Why did Congress enact Section 1231?
-
What is included in Section 1231 property?
-
When does a business purpose exist for selecting a non-calendar tax year for an S corporation?
-
What is the basis and holding period of taxable stock rights and the basis and holding period of the shares of stock if the rights are exercised?
-
Casey runs a carpet cleaning business that serves two major types of customers: motels and residential homes. Currently, Casey spends three days each week cleaning the carpets and upholstery in six...
-
All of the following assets can be depreciated, except: (a) A bulldozer (b) A copper mine (c) A surgical robot (d) A conveyor belt
-
Identify three usual time horizons for short-term planning and budgets.
-
Identify three usual time horizons for short-term planning and budgets.
-
Why should each department participate in preparing its own budget?
-
The following trial balance was drawn from the records of Zachary Company as of October 1, year 2. Cash Accounts receivable Inventory Store equipment Accumulated depreciation Accounts payable Line of...
-
Calculate the number of units sold and units remaining in ending inventory. Book "rint erences Check my wa Car Armour sells car wash cleaners. Car Armour uses a perpetual inventory system and made...
-
Eliminating Entries, Goodwill Pendragon Corporation acquired all of the stock of Sherwood, Inc. for $500 million in cash. Sherwood's shareholders' equity accounts at the date of acquisition were as...
Study smarter with the SolutionInn App