The Valentine Ski Company makes top-of-the-line custom snow skis for high-end ski shops and employs seventeen people
Fantastic news! We've Found the answer you've been seeking!
Question:
The Valentine Ski Company makes top-of-the-line custom snow skis for high-end ski shops and employs seventeen people at $21 per hour. Chris, the owner, wants to track several productivity performance measures using the data shown below.
Financial Information | 2021 Results | |
Net sales | $210,000 | |
Cost of goods sold (purchased items) | $30,000 | |
Net income after taxes | $28,800 | |
Current assets | $76,000 | |
Current liabilities | $24,000 | |
Avg. inventory value | $3,800 | |
Inputs and Outputs | ||
Skis produced | 600 | |
Labor hours | 12,920 | |
Lease payments | $22,000 |
If the multiple factor productivity for 2020 was 0.002 skis/dollar, then what was the productivity growth from 2020 to 2021? Do not round intermediate calculations. Round your answer to two decimal places. Use a minus sign to enter a negative value, if any.
Posted Date: