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d) Assume the industry leader has an inventory Tumover of 55 times a year with days sales in inventory of 7 days. How does Tamar Co. compare to the industry leader? Your answer and comment should be 20 to 50 words. e) Assume the industry leader has a gross margin of 42%. How does Tamar Co. compare to the industry leader? Your answer and comment should be 20 to 50 words. 7) Greg, the production manager for the Forming Department approached Martha, the production manager for the Packaging Department regarding the company's profit targets for the year ending May 31". Based on preliminary profit figures, the company is within $25,000 of the month's target profit. Greg has asked Martha to pull a few strings to assure they will reach their target such that all employees will receive a bonus. Greg indicates that Martha can just change her estimate of the percentage completion of her ending work in process inventories. Martha is unsure. Greg says that he has worked hard to keep costs down in his department and does not want to lose his bonus because Martha could not keep her department under control, a) Would Martha need to increase or decrease the estimated percentage completion to increase the company's operating profit? How would this impact each cost category? Explain your answer in 30 to 50 words. d) Assume the industry leader has an inventory Tumover of 55 times a year with days sales in inventory of 7 days. How does Tamar Co. compare to the industry leader? Your answer and comment should be 20 to 50 words. e) Assume the industry leader has a gross margin of 42%. How does Tamar Co. compare to the industry leader? Your answer and comment should be 20 to 50 words. 7) Greg, the production manager for the Forming Department approached Martha, the production manager for the Packaging Department regarding the company's profit targets for the year ending May 31". Based on preliminary profit figures, the company is within $25,000 of the month's target profit. Greg has asked Martha to pull a few strings to assure they will reach their target such that all employees will receive a bonus. Greg indicates that Martha can just change her estimate of the percentage completion of her ending work in process inventories. Martha is unsure. Greg says that he has worked hard to keep costs down in his department and does not want to lose his bonus because Martha could not keep her department under control, a) Would Martha need to increase or decrease the estimated percentage completion to increase the company's operating profit? How would this impact each cost category? Explain your answer in 30 to 50 words

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