Bizsupply, a manufacturer of office supplies, annual sales (at cost) of $68 million. During the year, the inventory of accessories turned over eight times. For the next year, Bizsupply plans to increase annual sales (at cost) by 25 percent. What inventory turns must Bizsupply achieve if, through better supply chain management, it wants to support next year's sales with no increase in the average aggregate inventory value? (Enter your response rounded to the nearest whole number.)
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- EFG reports annual sales of $ 30 million, annual cost of goods sold of $ 15 million, inventory of $ 5 million and net income of $ 2 million. What is the months of supply for EFG ? Show all formulas used, calculations and results. Do on Canvas RST has monthly turns of 4, annual cost of goods sold of $ 12 million, and annual revenue of $ 36 million. What is the average inventory ? Show all formulas used, calculations and resultsBaker Mfg Inc. wishes to compare its inventory turnover to those of industry leaders, who have turnover of about 13 times per year and 8% of their assets invested in inventory. Baker Mfg. Inc. Net Revenue Cost of sales Inventory Total assets $27,500 $19,650 $1,300 $17,790 a) What is Baker's inventory turnover? times per year (round your response to two decimal places). b) What is Baker's percentage of assets committed to inventory? % (enter your response as a percentage rounded to two decimal places). c) How does Baker's performance compare to the industry leaders? Better In Line with Industry WorseSticky Fingers Inc. produces packing and masking tape. Last year’s annual report has been compiled, and you are in charge of business analysis for the year. The company had a goal for inventoryturnover of 6 for last year. The actual results were cost of goods sold of $400,000, beginning inventory of $50,000, and ending inventory of $70,000. What was the actual inventory turnover, and atwhat percent did the firm achieve its goal?
- Mattress Wholesalers, Inc. is constantly trying to reduce inventory in its supply chain. Last year, cost of goods sold was $7.53 million and inventory was $1.49 million. This year, costs of goods sold is $8.61 million and inventory investment is $1.58 million. a) What was its weeks of supply last year? weeks (round your response to two decimal places). b) What is its weeks of supply this year? weeks (round your response to two decimal places). c) Is Mattress Wholesalers making progress in its inventory reduction effort? Since the number of weeks that cover the supply has V, Mattress Wholesalers is making V in its inventory-reduction effort.Mattress Wholesalers, Inc. is constantly trying to reduce inventory in its supply chain. Last year, cost of goods sold was $7.50 million and inventory was $1.50 million. This year, costs of goods sold is $8.60 million and inventory investment is $1.60 million. a) What was its weeks of supply last year? weeks (round your response to two decimal places). weeks (round your response to two decimal places). b) What is its weeks of supply this year? c) Is Mattress Wholesalers making progress in its inventory reduction effort? Since the number of weeks that cover the supply has Mattress Wholesalers is making no progress in its inventory-reduction effort. negative progress progressArrow Distributing Corp. likes to track inventory by using weeks of supply as well as by inventory turnover. Arrow Distributing Corp. Net Revenue $15,630 Cost of sales $12,190 Inventory $1,090 Total assets $8,770 a) What is its weeks of supply? weeks (round your response to two decimal places). b) What is Arrow's inventory turnover? times per year (round your response to two decimal places). c) Suppose a manufacturer has an inventory turnover of 13.5 times per year. Arrow's supply chain performance relative to the manufacturer's, as measured by inventory turnover, is
- Mattress Wholesalers, Inc. is constantly trying to reduce inventory in its supply chain. Last year, cost of goods sold was $7.48 million and inventory was $1.4 million. This year, costs of goods sold is $8.57 million and inventory investment is $1.62 million. What is its weeks of supply this year? nothing weeks (round your response to two decimal places).Mattress Wholesalers, Inc. is constantly trying to reduce inventory in its supply chain. Last year, cost of goods sold was $7.48 million and inventory was $1.53 million. This year, costs of goods sold is $8.57 million and inventory investment is $1.64 million. a) What was its weeks of supply last year? weeks (round your response to two decimal places). b) What is its weeks of supply this year? c) Is Mattress Wholesalers making progress in its inventory reduction effort? Since the number of weeks that cover the supply has weeks (round your response to two decimal places). Mattress Wholesalers is making in its inventory-reduction effort.Dara Jones, operations manager of Arrow Distributing Corp., likes to track inventory by using weeks of supply as well as by inventory turnover. Arrow Distributing Corp. Net Revenue Cost of sales Inventory Total assets $16,480 $14,740 $1,010 $9,220 a) What is its weeks of supply? weeks (round your response to two decimal places). b) What percentage of Arrow's assets are committed to inventory? % (enter your response as a percentage rounded to two decimal places). c) What is Arrow's inventory turnover? times per year (round your response to two decimal places). d) Suppose a manufacturer has an inventory turnover of 13.5 times per year. Arrow's supply chain performance relative to the manufacturer's, as measured by inventory turnover, is
- Dabble, Inc. has sales of $980,000 and cost of goods sold of $640,000. The firm had an average inventory of $46,000.What is the length of the days’ sales in inventory? (Use 365 days a year. Round your answer to 2 decimal places.)Arrow Distributing Corp. likes to track inventory by using weeks of supply as well as by inventory turnover. Arrow Distributing Corp. Net Revenue $16,100 Cost of sales $12,450 Inventory $1,100 Total assets $8,460 Part 2 a) What is its weeks of supply? enter your response here weeks (round your response to two decimal places). Part 3 b) What percentage of Arrow's assets are committed to inventory? enter your response here% (enter your response as a percentage rounded to two decimal places). Part 4 c) What is Arrow's inventory turnover? enter your response here times per year (round your response to two decimal places). Part 5 d) Suppose a manufacturer has an inventory turnover of 13.5 times per year. Arrow's supply chain performance relative to the manufacturer's, as measured by inventory turnover, is ▼ worse the same better .As the manager of Speedy Supermarket, answer the following questions. (Round dollars to the nearest cent and percents to the nearest tenth of a percent.) Specedy Supernarket 4/$5 a Liter Bubly Cola Products LE 12 Pock Bubbly Cola Prockcty $1313 (a) If 2 liter Bubbly-Cola products cost Speedy $15.90 per case of 24 bottles, what is the amount of the markup (In $) and what is the percent markup on selling price per case? amount of the markup 16 10 percent markup on selling price ]× % 67 (b) If 12 pack Bubbly-Cola products have a markup of $8.75 per case of six 12 packs at Speedy, what are the cost (in $) and the percent markup on selling price per case? cost percent markup on sellig price (c) Why has Speedy Supermarket chosen to use markup based on selling price? O The markup based on selling price is greater than markup on cost. O Speedy Supermarket is a retail store and therefore uses markup based on selling price. O Spedy Supermarket is a manufacturer and therefore uses markup based on…