Use the inventory ratios in Table 7.2 to comment on which firm is the most efficient in
Fantastic news! We've Found the answer you've been seeking!
Question:
Use the inventory ratios in Table 7.2 to comment on which firm is the most efficient in deploying its inventory to generate sales.
Transcribed Image Text:
COMPANY Las Vegas Sands Corp. MGM Mirage Microsoft Corp. Ford Motor Co. Toyota Motor Corp. Honda Motor Co. Wal-Mart Stores, Inc. Target Corp. Pfizer, Inc. Intel Corp. Advanced Micro Devices, Inc. FINANCIAL YEAR END Dec 31, 09 Dec 31, 09 Jun 30, 10 Dec 31, 09 Mar 31, 10 Mar 31, 10 Jan 31, 10 Jan 30, 10 Dec 31, 09 Dec 26, 09 Dec 26, 09 TOTAL REVENUE ($) 4,563 5,979 62,484 118,308 202,814 91,815 408,214 65,357 50,009 35,127 5,403 COST OF REVENUE ($) 2,907 3,539 12,395 100,016 178,551 68,651 304,657 45,583 8,888 15,566 3,131 YEAR END INVENTORY ($) 27 102 740 5,450 15,220 10,010 33,160 7,180 12,403 2,5 567 INVENTORY TURNOVER RATIO 107.67 34.70 16.75 18.35 11.73 6.86 9.19 6.14 0.72 5.30 5.52 COMPANY Las Vegas Sands Corp. MGM Mirage Microsoft Corp. Ford Motor Co. Toyota Motor Corp. Honda Motor Co. Wal-Mart Stores, Inc. Target Corp. Pfizer, Inc. Intel Corp. Advanced Micro Devices, Inc. FINANCIAL YEAR END Dec 31, 09 Dec 31, 09 Jun 30, 10 Dec 31, 09 Mar 31, 10 Mar 31, 10 Jan 31, 10 Jan 30, 10 Dec 31, 09 Dec 26, 09 Dec 26, 09 TOTAL REVENUE ($) 4,563 5,979 62,484 118,308 202,814 91,815 408,214 65,357 50,009 35,127 5,403 COST OF REVENUE ($) 2,907 3,539 12,395 100,016 178,551 68,651 304,657 45,583 8,888 15,566 3,131 YEAR END INVENTORY ($) 27 102 740 5,450 15,220 10,010 33,160 7,180 12,403 2,5 567 INVENTORY TURNOVER RATIO 107.67 34.70 16.75 18.35 11.73 6.86 9.19 6.14 0.72 5.30 5.52
Expert Answer:
Answer rating: 100% (QA)
Justification LVS Corporation is the most efficient in deployi... View the full answer
Related Book For
Financial Accounting A User Perspective
ISBN: 978-0470676608
6th Canadian Edition
Authors: Robert E Hoskin, Maureen R Fizzell, Donald C Cherry
Posted Date:
Students also viewed these accounting questions
-
Which two ratios indicate a companys efficiency in managing inventory and accounts receivable? How are they computed, and what do they mean?
-
Use odds ratios in Table 8.3 to illustrate the collapsibility conditions. a. For (A, C, M), all conditional odds ratios equal 1.0. Explain why all reported marginal odds ratios equal 1.0. b. For (AC,...
-
Use Formula 2 to derive Formula 7 from Formula 8.2.5 for the case in which the curve can be represented in the form y = F(x), a < x < b.
-
Which of the following statements best describes the 'dilation' in rock mechanics? a. Movement of the rock along the shear direction during the direct shear tests b. Radial expansion of the intact...
-
What is the function of the margins on a twist drill?
-
Problem refer to the following graph of y = f(x). Identify the points or intervals on the x axis that produce the indicated behavior. f(x) does not exist. f(x) b C3 C6 C7 C4 C5 C2
-
An external torque \(M_{t}(t)=M_{t 0} \cos \omega t\) is applied at the free end of a fixed-free uniform shaft. Find the steady-state vibration of the shaft.
-
Ross White (see Problem 6-25) wants to reconsider his decision of buying the brackets and is considering making the brackets in-house. He has determined that setup costs would be $25 in machinist...
-
In an (s,Q) inventory system, the demand is normally distributed with mean of 4000 units per year and a variance of 90,000 (unit)^2. Every time an order is placed a cost of $50 is paid. The carrying...
-
1 Golden Steer 2 3 General Journal 4 Date 5 Part B 6 7 8 9 _0 11 2 13 4 15 6 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 10 1 12 13 14 15 16 +7 18 19 50 51 52 53 54 65 56 57...
-
What is a Group Action and write the two application of a Group Action.
-
A pool has three water faucet and one drain faucet. The first water faucet can fill up the pool in 3 hours, the second water faucet can fill up the pool in 4 hours, and the third water faucet can...
-
(A) We are given three diffent vectors: A = 6-3, B=-11+5j and C = A + B. (1) C = 2, (2) C = 51, (3) C = 5 + 2), (4) C=7+8 What is C in component form? A. 3 B. 1 C. 4 D. 2 Using the same three vectors...
-
Sodium chloride is the primary salt dissolved in ocean water. For every liter, there are about 35 grams of salt dissolved in ocean water, which corresponds to a salt concentration of 0.6 moles/liter,...
-
1.3 In ANN, what input values will cause the processing unit below to produce an output of 0. (3) -2 5
-
(30 Points) Consider the network in Figure-4 and Calculate the node-betweenness of node B and F. E F B Figure 4 C D
-
The firm sold one of its fixed assets just as the year ended. Would this imply that operating cash flow for the year was a larger figure, a smaller figure, or would have no effect on its operating...
-
Explain how two samples can have the same mean but different standard deviations. Draw a bar graph that shows the two samples, their means an standard deviations as error bars. T S
-
Highlight the knowledge you have of your language community into your local area in the UK and mention how you keep abreast of news and with the public service development in your native country.
-
Describe the accounting treatment for a deposit made by a customer for the future delivery of inventory. Using the revenue recognition criteria, explain the rationale for this treatment.
-
Corona Company holds a portfolio of short-term investments. The portfolios acquisition costs and aggregate market values were as follows. None of the securities were sold during this period....
-
List the two basic revenue recognition criteria that exist under IFRS.
-
Explain why the alphabeta procedure will always generate the same answer as Minimax without pruning.Why is it useful?
-
Show the steps that would be taken in running the Minimax algorithm on the game tree in Figure 6.7. Now run through the same tree using alpha-beta pruning. How do the two compare? data from figure...
-
Most commercially available chess programs for home users are designed to play at a range of levels from beginner up to grandmaster. Consider the additional difficulties involved in programming a...
Study smarter with the SolutionInn App