50.1K

Verified Solution

Link Copied!

len/takeAssignmental Assignment Main.dourwoker Assignment sessionato Binprogress=false eBook Calculator Inventory Analysis QT, Inc. and Elppa Computers, Inc. compete with each other in the personal computer market QT sembles computers to customer orders, building and delivering a computer within four days of a customer entering an order online Eppe, on the other hand, builds computers for inventory prior to receiving an order. These computers are sold from inventory once an order is received. Selected financial information for both companies from recent financial statements follows (in millions): QT Elppa Sales $39,420 $50,300 Cost of goods sold 32,850 47,450 Inventory, beginning of period 1,061 4.410 Inventory, end of period 1,261 5,210 a. Determine for both companies (1) the inventory turnover and (2) the number of days' sales in inventory, Round your calculations and answers to one decimal place. Assume 365 days a year. QT Elppa 1. Inventory turnover 2. Number of days' sales in inventory days days b. QT has a inventory turnover ratio than does Elppa Company. Likewise, QT has a inventory. number of days' sales in Previous Check My Work 3 more Check My Work uses remaining BAA D A * 28/2000 len/takeAssignmental Assignment Main.dourwoker Assignment sessionato Binprogress=false eBook Calculator Inventory Analysis QT, Inc. and Elppa Computers, Inc. compete with each other in the personal computer market QT sembles computers to customer orders, building and delivering a computer within four days of a customer entering an order online Eppe, on the other hand, builds computers for inventory prior to receiving an order. These computers are sold from inventory once an order is received. Selected financial information for both companies from recent financial statements follows (in millions): QT Elppa Sales $39,420 $50,300 Cost of goods sold 32,850 47,450 Inventory, beginning of period 1,061 4.410 Inventory, end of period 1,261 5,210 a. Determine for both companies (1) the inventory turnover and (2) the number of days' sales in inventory, Round your calculations and answers to one decimal place. Assume 365 days a year. QT Elppa 1. Inventory turnover 2. Number of days' sales in inventory days days b. QT has a inventory turnover ratio than does Elppa Company. Likewise, QT has a inventory. number of days' sales in Previous Check My Work 3 more Check My Work uses remaining BAA D A * 28/2000

Answer & Explanation Solved by verified expert

See Answer