Exercise 5-16A (Static) Inventory turnover and average days to sell LO 5-5 The following accounting information pertains to two grocery store chains. One grocery store chain has a market strategy of selling only high end organic food products while the other grocery store sells less expensive foods that are traditionally grown with the use of pesticides, synthetic fertilizers, and/or genetically modified organisms. The company selling traditional produced foods has an average inventory balance of $45.000, while the company selling organic foods has an average inventory balance of $40,000 2. Complete the table by filling in the missing amounts b. Which grocery store chain is taking a lower cost/higher volume strategy os it relates to sales? ct. Calculate the inventory tumover and average days to sell inventory for each grocery store chain c2. Based on your calculations, which grocery chain will be required to reorder inventory more frequently? Complete this question by entering your answers in the tabs below. Rega Req Reg CI Reg C2 Complete the table by filling in the missing amounts, Traditional Organic Sales $ 800.000 Cost of Goods Sold $ 300 000 Gross Margin s 200,000 Gross Margin Percentage 96 359 Exercise 5-16A (Static) Inventory turnover and average days to sell LO 5-5 The following accounting information pertains to two grocery store chains. One grocery store chain has a market strategy of selling only high end organic food products while the other grocery store sells less expensive foods that are traditionally grown with the use of pesticides, synthetic fertilizers, and/or genetically modified organisms The company selling traditional produced foods has an average inventory balance of $45,000, while the company selling organic foods has an average inventory balance of $40,000 8. Complete the table by filling in the missing amounts b. Which grocery store chain is taking a lower cost higher volume strategy as it relates to sales? C1. Calculate the inventory turnover and average days to sell Inventory for each grocery store chain c2. Based on your calculations, which grocery chain will be required to reorder inventory more frequently? Complete this question by entering your answers in the tabs below. Rego Rega Regi Reg C2 Which grocery store chain is taking a lower cost/higher volume strategy as it relates to sales? Lower cost/higher volume strategy Exercise 5-16A (Static) Inventory turnover and average days to sell LO 5-5 The following accounting information pertains to two grocery store chains. One grocery store chain has a market strategy of seling only high end organic food products while the other grocery store sells less expensive foods that are traditionally grown with the use of pesticides, synthetic fertilizers, and/or genetically modified organisms. The company selling traditional produced foods has an average inventory balance of $45,000, while the company selling organic foods has an average inventory balance of $40.000 a. Complete the table by filling in the missing amounts b. Which grocery store chain is taking a lower cost higher volume strategy as it relates to sales? c1. Calculate the inventory turnover and average days to sell inventory for each grocery store chain c2. Based on your calculations, which grocery chain will be required to reorder inventory more frequently Complete this question by entering your answers in the tabs below. Red A Rega Reg C1 Req c2 Calculate the inventory turnover and average days to sell inventory for each grocery store chain. (Use 365 days in a year. Round your "Inventory Turnover Ratios to 1 decimal place and all other answers to the nearest whole number.) Inventory turnover Average days to ratios sell inventory Traditional times days Organic times days Exercise 5-16A (Static) Inventory turnover and average days to sell LO 5-5 The following accounting information pertains to two grocery store chains. One grocery store chain has a market strategy of selling only high end organic food products whle the other grocery store sells less expensive foods that are traditionally grown with the use of pesticides, synthetic fertilizers, and/or genetically modified organisms The company selling traditional produced foods has an average inventory balance of $45,000, while the company selling organic foods has an average inventory balance of $40,000 a. Complete the table by filling in the missing amounts b. Which grocery store choin is taking a lower cost/higher volume strategy as it relates to sales? c1. Calculate the inventory turnover and average days to sell inventory for each grocery store chain c2. Based on your calculations, which grocery chain will be required to reorder inventory more frequently? Complete this question by entering your answers in the tabs below. RA Reg Reg C Reg 2 Based on your calculations, which grocery chain will be required to reorder inventory more frequently? Reorder more frequently