Question: Q2: Process Analysis (18 points - 6 points each) Migros would like to improve its inventory turnovers in its electronic appliance department and compared its

Q2: Process Analysis (18 points - 6 points each)

Q2: Process Analysis (18 points - 6 points each)

Q2: Process Analysis (18 points - 6 points each) Migros would like to improve its inventory turnovers in its electronic appliance department and compared its performance with Teknosa. It seems that in 2018, Migros has its revenue of $405.6 M in the department of electronic appliances, the department has inventory cost of $68.6 M; Cost of Goods of $211.9 M and gross profit of $195.5 M. In 2018, Teknosa generated a revenue of $1,985.7 M, its annual inventory cost is $150.5 M; Cost of Goods is $1,390.8 M and gross profit is $595.7 M. a. What are the inventory turns at Migros and Teknosa in 2018? b. How long (in days) did the electronic appliances stay in the inventories in Teknosa and Migros respectively in 2018 (T=?)? Assume both stores operate 365 days a year. c. To reach the same inventory turnovers, what percentage of inventory at Migros should be reduced

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