8. The table below presents data for CGS and ending inventory for the last six months...
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8. The table below presents data for CGS and ending inventory for the last six months of the most recent fiscal year for Claire Bear, Inc. July CGS $100 Inventory $40 August $150 $50 - September October $225 $200 $62 $62 DIH July (Inventory / CGS) * 365 = (40/ 100) * 365 = 146 a. For each month, calculate the DIH and inventory turnover. Assume each month has 30 days. DIH August = (Inventory / CGS) * 365 = (50/ 150)* 365 121 667 November December $125 $42 $90 $28 Short-Term Financial Management, 6th Edition Chapter 4: Inventory Management b. What trends do you find in part a? Comment on what is happening to the investment in inventory. 8. The table below presents data for CGS and ending inventory for the last six months of the most recent fiscal year for Claire Bear, Inc. July CGS $100 Inventory $40 August $150 $50 - September October $225 $200 $62 $62 DIH July (Inventory / CGS) * 365 = (40/ 100) * 365 = 146 a. For each month, calculate the DIH and inventory turnover. Assume each month has 30 days. DIH August = (Inventory / CGS) * 365 = (50/ 150)* 365 121 667 November December $125 $42 $90 $28 Short-Term Financial Management, 6th Edition Chapter 4: Inventory Management b. What trends do you find in part a? Comment on what is happening to the investment in inventory.
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a DIH inventory CGS 365 b Inventory Turnover CGS Average Inventory Average inventory beginning inventory ending inventory2 August DIH 50150365 DIH 121... View the full answer
Related Book For
Fundamentals Of Momentum Heat And Mass Transfer
ISBN: 9781118947463
6th Edition
Authors: James Welty, Gregory L. Rorrer, David G. Foster
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