All categories

3 years ago

AutoZone and O'Reilly are two competitors in the retail automotive parts industry.

Business

1 answer:

sineoko [7]3 years ago

7 0

Answer:

Gross Profit Margin: 53 % and 54%

Inventory days outstanding: 249 days and 252 days.

Explanation:

Gross Profit Margin = Gross Profit / Sales * 100

Gross profit = Sales - Cost of Goods Sold

Gross Profit :

Year 1 : 10,498,448 - 4,860,309 = 5,638,139

Year 2 : 8,277,782 - 3,804,031 = 4,473,751

GP margin :

Year 1 = 53%

Year 2 = 54%

Days of inventory : Average inventory / Cost of Sales * 365 days

Year 1 : 3,320,864 / 4,860,309 * 365 = 249 days

Year 2 : 2,632,898 / 3,804,031 *365 = 252 days

You might be interested in

Marlin Corporation reported pretax book income of $1,003,000. During the current year, the net reserve for warranties increased

Maksim231197 [3]

Answer:

Explanation:

pretax book income 1,003,000

warranties increased 25,600

depreciation exceeded tax depreciation 100,300

dividends received deduction -15,300

Net amount $1,113,600

Taxable amount is $1,113,600

In order to find income tax expense or benefit, multiply the taxable amount by tax rate.

7 0

3 years ago

Read 2 more answers

________, which are incurred when pursuing a related-diversification strategy, are a function of the number, size, and types of

Anton [14]

coordination costs which are incurred when pursuing a related-diversification strategy, are a function of the number, size, and types of businesses that are linked to one another.

<h3>What are coordination costs?</h3>

This is the term that has to do with the type of costs that people come about through the fact that they collaborate.

Firms are made to work together so that they would be able to carry out an activity.

Read more on coordination costs here:

brainly.com/question/24940564

#SPJ12

5 0

2 years ago

Fatima wants to purchase a house and has been viewing residential properties for the past two months. She has been searching for

Furkat [3]

Answer:

A. The extended decision-making approach.

Explanation:

Extended Decision-Making is defined as a <em>decision that involves high participation of the consumers in order to decide to purchase or not a product, it usually revolves around expensive purchases.</em> We can see this exemplified when Fatima consults with friends and family before making her decision to buy a house, an expensive purchase.

I hope you find this information useful and interesting! good luck!

3 0

3 years ago

Read 2 more answers

Jonathan cowan is upset because he was passed over for a promotion he had really worked hard for. in response to his anger towar

Dmitry_Shevchenko [17]

I guess the correct answer is deviant workplace behavior.

Jonathan Cowan is upset because he was passed over for a promotion he had really worked hard for. In response to his anger toward the manager and the company, he has started gossiping about the manager with his colleagues and assigning blame on him unnecessarily. Jonathan's behavior is an example of deviant workplace behavior.

7 0

3 years ago

Red Company had Work-in-Process Inventories that were 45% complete at the start of the month. Work-in-Process at the end of the

givi [52]

Answer:

D. transferred out during the process plus the units in the ending inventory.

Explanation:

Using the Weighted - Average process costing the equivalent units of production always equals the units completed and transferred plus equivalent units remaining in work in process.

Remember that to calculate the equivalent units remaining must multiplicate the units per the percentage of completion. In this case, the percentage is 100% of materials for the units remaining because were added at the beginning of the process.

8 0

2 years ago