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Category > Accounting Posted 20 Aug 2017 My Price 13.00

Saleh Inc.

Inventory analysis

The following data were extracted from the income statement of Saleh Inc.: 

  

a. Determine for each year (1) the inventory turnover and (2) the number of days’ sales in inventory. Round to the nearest dollar and one decimal place.

b. What conclusions can be drawn from these data concerning the inventories?

Inventory analysis

 

Dell Inc. and Hewlett-Packard Company (HP) compete with each other in the personal computer market. Dell’s primary strategy is to assemble computers to customer orders, rather than for inventory. Thus, for example, Dell will build and deliver a computer within four days of a customer entering an order on a Web page. Hewlett-Packard, on the other hand, builds some computers prior to receiving an order, then sells from this inventory once an order is received. Selected financial information for both companies from a recent year’s financial statements follows (in   millions):

Hewlett-Packard

 

Dell Inc.

Company

 

Sales

$56,940

$120,357

 

Cost of goods sold

44,754

92,385

 

Inventory,  beginning  of period

1,382

6,317

 

Inventory, end of period

1,404

7,490

 

 

 

 

 

a. Determine for both companies (1) the inventory turnover and (2) the number of days’ sales in inventory. Round to one decimal place.

b. Interpret the inventory ratios by considering Dell’s and Hewlett-Packard’s operating strategies.

Answers

Maurice Tutor
(5)
Status NEW Posted 20 Aug 2017 08:08 PM My Price 13.00

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