Based on the following information, how many days of supply of inventory is the firm...
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Accounting
Based on the following information, how many days of supply of inventory is the firm holding (assume 240 days of operation per year)? Do not round intermediate calculations. Round your answer to one decimal place.
Sales $8,100,000 Cost of goods sold $6,960,000 Gross profit $1,140,000 Overhead costs $800,000 Net profit $340,000 Total inventory $2,600,000 Fixed assets $3,500,000 Long-term debt $2,600,000
Inventory days' supply: days' supply
Interpret your answer if the industry average inventory days' supply is 30 days. Round your answer to one decimal place.
If the industry average days' supply is 30 days and this firm's IDS is times more, they -Select-havehave noItem 3 inventory management problems.
Based on the following information, how many days of supply of inventory is the firm holding (assume 240 days of operation per year)? Do not round intermediate calculations. Round your answer to one decimal place.
| Sales | $8,100,000 |
| Cost of goods sold | $6,960,000 |
| Gross profit | $1,140,000 |
| Overhead costs | $800,000 |
| Net profit | $340,000 |
| Total inventory | $2,600,000 |
| Fixed assets | $3,500,000 |
| Long-term debt | $2,600,000 |
Inventory days' supply: days' supply
Interpret your answer if the industry average inventory days' supply is 30 days. Round your answer to one decimal place.
If the industry average days' supply is 30 days and this firm's IDS is times more, they -Select-havehave noItem 3 inventory management problems.
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