Imagine that you are the supply chain manager for the Magic Widget company and you need...
Imagine that you are the supply chain manager for the Magic Widget company and you need to measure your supply chain performance. The chart shows the financial variables that you will need to perform your task.
| Financial Variables | Amount in $ Billions |
|---|---|
| Inventory Investment | 7.5 |
| Total Assets | 54.3 |
| Cost of Goods Sold | 35.2 |
| Raw Material Inventory | .25 |
| Work-in-progress Inventory | .16 |
| Finished Goods Inventory | .85 |
Compute the percentage of assets committed to inventory and inventory turnover. Round your answers to the first decimal place.
The total assets committed to inventory is _____ % and the inventory turnover for the firm is _____ times.
Homework Answers
Percentage of Assets committed to Inventory = Inventory
Investment / Total Assets
Percentage of Assets committed to Inventory = $7.5 billion / $54.3
billion
Percentage of Assets committed to Inventory = 0.1381 or 13.81%
Inventory Turnover = Cost of Goods Sold / Inventory
Investment
Inventory Turnover = $35.2 billion / $7.5 billion
Inventory Turnover = 4.69 times
The total assets committed to inventory is 13.81% and the inventory turnover for the firm is 4.69 times.
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1313
times per year and
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of their assets invested in inventory.
Baker Mfg. Inc.
Net Revenue
$27 comma 50027,500
Cost of sales
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Inventory
$1 comma 2901,290
Total assets
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Please answer all parts of
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answers
Baker Mfg Inc. wishes to compare its inventory turnover to those
of industry leaders, who have turnover of about
1313
times per year and
88 %
of their assets invested in inventory.
Baker Mfg. Inc.
Net Revenue
$27 comma 50027,500
Cost of sales
$19 comma 41019,410
Inventory
$1 comma 2901,290
Total assets
$17 comma 82017,820
a) What is Baker's inventory turnover?...
NORTHEAST ART SUPPLY, INC. STATEMENT OF CASH FLOWS FOR THE YEAR ENDED DECEMBER 31,2017 CASH FLOW FROM OPERATING ACTIVITIES: $30,175 Net Income Adjustments to reconcile net income to net cash flows S 8,500 Decrease in accounts receivable Increase in inventory Increase in accounts payable Increase in income taxes payable 1,000 (5,000) 6,000 3.000 13.500 $43,675 Net cash provided by operating activities CASH FLOWS FROM INVESTING ACTIVITIES: Purchase of Equipment Purchase of Investments Sale of Investments $ (2,000) (10,000) 20,000 Net...
Saved Help HW Save & E Che The 2021 income statement of Anderson Medical Supply Company reported net sales of $8 million, cost of goods sold of $5.1 million, and net income of $815,000. The following table shows the company's comparative balance sheets for 2021 and 2020: (5 in thousands) 2021 2020 $ 360 760 1,050 2,700 $ 4,870 $ 440 530 850 2,420 $ 4,240 Assets Cash Accounts receivable Inventory Property, plant, and equipment (net) Total assets Liabilities and...
You can just give bullets I do not need the
answer in sheets. I will type out full page.
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working capital purposes. Would you make the loan? Use the
information provided above to help make your decision. Use as many
ratios as needed.
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