Inventory Analysis QT, Inc. and Elppa Computers, Inc. compete with each other in the personal computer market. QT assembles computers to customer orders, building and delivering a computer within four days of a customer entering an order online. Elppa, on the other hand, builds computers for inventory prior to receiving an order. These computers are sold from inventory once an order received. Selected financial information for both companies from recent financial statements follows (in millions): QT Elppa Sales $52,560 $65,800 Cost of goods sold 43,800 62,050 Inventory, beginning of period 1,856 7,339 Inventory, end of period 2,056 8,539 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

Inventory Analysis QT, Inc. and Elppa Computers, Inc. compete with each other in the personal computer market. QT assembles computers to customer orders, building and delivering a computer within four days of a customer entering an order online. Elppa, on the other hand, builds computers for inventory prior to receiving an order. These computers are sold from inventory once an order received. Selected financial information for both companies from recent financial statements follows (in millions): QT Elppa Sales $52,560 $65,800 Cost of goods sold 43,800 62,050 Inventory, beginning of period 1,856 7,339 Inventory, end of period 2,056 8,539 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

Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

Section: Chapter Questions

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Accounting Sheridan Company sells coffee beans, which are sensitive to price fluctuations. The following inventory information is available for this product at December 31, 2022. Coffee Bean Units Unit Cost Net Realizable Value Coffee $5.30 $5.27 12,000 bags arabica Coffee 4,900 bags 3.30 3.40 robusta Calculate Sheridan's inventory by applying the lower-of-cost-or-net realizable value basis.
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A. White Castle Company makes miniature circuit boards that are components of wireless phones and personal organizers. The company has experienced strong growth, and you are especially interested in how well White Castle is managing its inventory balances. You have collected the following information for the current year. • Inventory at the beginning of year S 1,026,000 • Inventory at the end of year, before any adjustments 1,007,000 • Total cost of goods sold, before any adjustments 11,776,000 The company values inventory at lower-of-cost (using LIFO cost fl ow assumption)-or-market; use the cost-of-goods- sold method Required: for part A. i. Compute White Castle's inventory turnover before any adjustment. Recompute the inventory turnover after adjusting White Castle's inventory information for the following items. a. During the year, White Castle recorded sales and costs of goods sold on $22,000 of units shipped to various wholesalers on consignment. At year-end, none of these units…
Review Decision Maker's Perspective Analysis Case 8-5: Compare inventory management using ratios; Kohl's' and Dillards in your textbook. Complete the required calculation and evaluation for either Kohl's or Dillards (you only have to choose one). Next obtain an annual report from one company in an industry other than department stores and compare the management of that company's investment in inventory against either Kohl's or Dillards. Make sure to identify the company you research and what industry they are in. What commonalities and differences do you see in how the companies manage their investment in inventory? Include your initial calculation and evaluation, for either Kohl's or Dillards, along with your additional research in your initial post. You can use EDGAR to obtain annual reports.
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Sizemo Elektroniks sells semiconductors that are used in games and small toys. The company has been extremely successful in recent years, recording an increase in earnings each of the past six quarters. At the end of the current quarter, Jay Shulz, the company's staff accountant, calculated the ending inventory for the semiconductors and was surprised to find that the quantity of the Hayden X537 model had not changed during the quarter. Jay confirmed his calculation with the inventory control manager, who indicated that sales of the Hayden 537X had stopped when the Hayden 637X semiconductor was released early in the quarter. Jay researched the issue further and found that the Hayden 637X semiconductor has the same applications as the Hayden 537X, but has more computing power and a lower cost than the 537X. Jay emailed this information to Tina Vereen, the chief financial officer, and recommended that the company apply the lower-of-cost-or-market method to the Hayden 537X semiconductors…
! Required information [The following information applies to the questions displayed below.] The Slumber Store (TSS) is a national wholesaler of beds, mattresses, pillows, and sheets. Key totals from TSS's most recent and forecasted financial statements are presented in the table below. From the income statement Sales Revenue Cost of Goods Sold Gross Profit From the balance sheet Inventories Last Year $ 560,000 346,500 213,500 This Year $ 615,000 405, 250 209,750 Last Year This Year $ 88,000 $ 101,808 Next Year $ 770,000 556,300 213,700 Next Year $ 179,825 Required: 1. Use the financial statement totals to compute the company's actual inventory turnover ratio for this year and its forecasted inventory turnover ratio for next year. Also compute the days-to-sell for this year (actual) and next year (forecasted). Is inventory turnover expected to improve or worsen next year? 2. Use the financial statement totals to compute the company's actual gross profit percentage for this year and its…
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