Based upon the accounting statements that are provided for UAC, Inc.calculate the following.
Assume 52 operating weeks per year.
a) Inventory turns
b) Weeks of Supply
Show all calculations for credit.
Homework Answers
We only need two information (CoGS and Inventory) as follows:
a)
Inventory turns = CoGS / Average inventory = 264,000 / 52,000 = 5.077 turns per annum
b)
Weeks of supply = (Average Inventory / CoGS) * 52 = (52,000/264,000) * 52 = 10.24 weeks
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