1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
disa [49]
3 years ago
10

Aegis Industries Inc., is the biggest snowmobile manufacturer in the world. It reported the following amounts in its financial s

tatements (in millions): 2012 2013 2014 2015 Net Sales Revenue $ 3,300 $ 2,760 $ 2,090 $ 1,670 Cost of Goods Sold 2,380 2,000 1,560 1,270 Average Inventory 330 280 220 210 Required: 1-a. Calculate the inventory turnover ratio for 2015, 2014, and 2013. 1-b. Calculate the average days to sell inventory for 2015, 2014, and 2013. 2. Is Aegis performing better than its competitor Snow Pack Corporation where the inventory turned over is 5.5 times in 2015 (66.4 days to sell). Both companies use the same inventory costing method (FIFO).
Business
1 answer:
Anettt [7]3 years ago
7 0

Answer:

The calculations are shown below:

Explanation:

The computation is shown below:

As we know that

Inventory turnover ratio is

= Cost of goods sold ÷ Average inventory

So

For year 2015, it is

= $1,270 ÷ $210

= 6.05 times

For year 2014, it is

= $1,560 ÷ $220

= 7.09 times

For year 2013, it is

= $2,000 ÷ $380

= 7.14 times

1-b Average days to sell inventory is computed by considering the

= Total number of days in a year ÷ inventory turnover ratio

So

For year 2015, it is

= 365 ÷ 6.05

= 60.33 days

For year 2014, it is

= 365 ÷ 7.09

= 51.48 days

For year 2013, it is

= 365 ÷ 7.14

= 51.12 days

2. As we can see that the aegis industries inc is performing better than the Snow Pack Corporation as aegis industries has 7.14 times in 2015 as compare to the 5.5 times in 2015  

You might be interested in
You have decided that you want to be a millionaire when you retire in 45 years.
fiasKO [112]

Answer and Explanation:

The computation is shown below:

We use the formula that is given below:

Invested amount = $1,000,000 present value

Present value = 1 ÷ (1 + rate of interest)^number of years

a.

The amount invested is

= $1,000,000 ÷ (1.1104)^45

= $8,983.07

b,

The amount invested is

= $1,000,000 ÷ (1.0552)^45

= $89,111.71

4 0
3 years ago
The utility created by making a product available at a location where customers wish to purchase it is called _________ utility
Vaselesa [24]
Place utility is created by making a product available at a location where customers wish to purchase it.
6 0
3 years ago
What are the 4 targeting strategies a company can use to select a target market? Explain each one.
Maslowich
Undifferentiated Marketing, Multi-Segment Targeting, Focus Targeting, and Customized Marketing.

Hope this helps!
5 0
3 years ago
Which of the following is not a measure of the reliability of the supply chain?
Pachacha [2.7K]

Answer:

Option B, Supply chain response time

Explanation:

The reliability of the supply chain represents the amount of good performance of the distribution chain. The highest priorities for supply chain practitioners are rising trust, decreased inventory and market readiness.

The overall response time for the supply chain is the capacity of the supply chain to react to market demand rapidly. When a market demand transition is observed, the supply chain has to stabilise.  

The response time of the supply chains is sometimes characterised by minimal changes in market demand.

Examples of operations in the supply chain involve processing, manufacturing, architecture, development, shipping and transportation.

6 0
3 years ago
This morning your manager asked you to complete a special task by this afternoon. While you are working on it, a customer asks y
dem82 [27]
Ill ask for help from another coworker- if there was no one else available to help them I would help the customer if I am in that field


i needed points
8 0
2 years ago
Other questions:
  • During the _______ stage of the product life cycle, sales rise, profits rise rapidly, and there are a few but increasing number
    15·1 answer
  • Suppose the equilibrium price of a pound of bacon is $3.50. The government decides that people have a right to a pound of bacon
    14·1 answer
  • Greg benefited from his experience working for an established private company that provided innovative lighting for large music
    5·1 answer
  • san diego sheet metal, inc incurs a variable cost of $40 per pound for raw material to produce a special alloy used in manufactu
    12·1 answer
  • According to "The US Economy: Private and Public Sectors", goods provided by government that fit the definition of a public good
    5·1 answer
  • Coltrane Company has a $5,000 note payable that is paid in $1,000 installments over five years. How would the portion that must
    13·1 answer
  • Maurice has the following utility function: U (X Y) =20X+80Y-X^2-2Y^2, where X is his consumption of CDs with a price of ​$11 an
    9·1 answer
  • Pine Street Inc. makes unfinished bookcases that it sells for $58.09. Production costs are $37.97 variable and $10.12 fixed. Bec
    11·1 answer
  • Crane Inc. had beginning inventory of $12,000 at cost and $19,600 at retail. Net purchases were $105,056 at cost and $159,600 at
    10·1 answer
  • Which level of strategic management focuses on the organization as a whole?
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!