The Pony Parts Tack Shop had inventory turnover of 12.8, 12.2, and 9.9 over the last three
Question:
The Pony Parts Tack Shop had inventory turnover of 12.8, 12.2, and 9.9 over the last three years, respectively. What can you learn about how well the Pony Parts management team is managing their inventory using this information?
Step by Step Answer:
I learnt that Pony Parts management team is not capable of ...View the full answer
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
-
The Pony Parts Tack Shop had total asset turnover of 1.8., 2.1, and 2.4 over the last three years, respectively. What can you learn about how well the Pony Parts management team is managing their...
-
Managing Scope Changes Case Study Scope changes on a project can occur regardless of how well the project is planned or executed. Scope changes can be the result of something that was omitted during...
-
Planning is one of the most important management functions in any business. A front office managers first step in planning should involve determine the departments goals. Planning also includes...
-
You are given the following information: The current gold price is $1,650, the net convenience yield for gold is 1.7% per year, the risk-free rate is 5% per year, the volatility is 30% per year, the...
-
Let the random variable X take on the values 1, 2, . . . , n, each with probability 1/n. Define Y to be X 2 . Find (X, Y) and (X, Y ). im
-
Consider the following time series data: Using the nave method (most recent value) as the forecast for the next week, compute the following measures of forecast accuracy: a. Mean absolute error b....
-
Voltage fluctuation is given as the reason for \(80 \%\) of all defaults in nonstabilized equipment in a plant. Use the formula for the binomial distribution to find the probability that voltage...
-
Pearson Company owns 90% of the outstanding common stock of Spring Company. On January 1, 2011, Spring Company sold equipment to Pearson Company for $200,000. Spring Company had purchased the...
-
2) Convert the following signed numbers to decimal by using 2's complement. (a) 01111101 (b) 10000000 (c) 11111111 (d)00000000 (e) 11110101
-
On November 1, 2014, the following were the account balances of Rijo Equipment Repair. During November, the following summary transactions were completed. Nov. 8 Paid $1,220 for salaries due...
-
How is converting financial data to percentages helpful in financial analysis? a. It makes the figures easier to calculate. b. It masks actual financial data so the competition cant see it. c. It...
-
Fantastic Foods has total assets of $150,000, current assets of $80,000 (current assets includes $30,000 of cash, $10,000 of short term investments, $20,000 of accounts receivable, and $20,000 of...
-
The bus in Example 16.5 supplies a 200-kVA, 480-V power electronics load that has the harmonic spectrum shown in Table E5.1 below, which also shows the harmonic impedances behind the bus. Determine...
-
What control activity should the firm implement when the system verifies that all payroll payments have a valid employee identification number as entered by the HR department? Describe.
-
why all counties should use the same international accounting standard? pls provide some arguments to support it
-
What should I include when it comes to comprehensive full-charge bookkeeping services and include account set up?
-
There is a holding cost of $5 per unit-week and a shortage cost of $10 per unit-week. These costs are computed based on the ending inventory. What formula should be entered in cell F15, so that the...
-
if a company produces more product than they planned in their budget, will that impact the overhead amount in terms of under or over applied overhead?
-
Explain the dual transfer pricing approach in intracompany transfer pricing
-
In Exercises find dy/dx by implicit differentiation. xy - y = x
-
Use the model in File C16 to work this problem. a. Refer back to Problem 16-9. Assume that George Rice has another investment portfolio that he set up to help pay for his daughters college education....
-
Andy currently has $5,400 that he wants to invest in Best Sell Companys stock, which currently is selling for $30 per share. The brokerage firm through which Andy invests has a 60 percent margin...
-
Mary Anderson bought 250 shares of Dishport stock when it was selling for $50 per share, and she sold the stock for $55 per share six months later. During the time she held the stock, Mary received...
-
What additional specific research questions and hypotheses might you propose to uncover what you do not know about emotion-based persuasive messages in online advertising?
-
a) There are a few different types of numbers. Select and explain in your own words, three of them. Provide two (2) examples of each different type of number. *Answers taken directly from the module...
-
Assume you have noted the following prices for books and the number of pages that each book contains. Book Pages (x) Price (y) AB 500 $7.00 700 7.50 C 750 9.00 D 590 6.50 E 560 7.50 F 650 7.00 475...
Study smarter with the SolutionInn App