Assuming a 360-day year, calculate how much the average investment in inventory would be for Temasek Holdings,
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Assuming a 360-day year, calculate how much the average investment in inventory would be for Temasek Holdings, a company based in Singapore, given the following information in each case.
a. The firm has sales of S$750,000, a gross profit margin of 14 percent, and an inventory turnover ratio of 5.
b. The firm has a cost-of-goods-sold figure of S$550,000 and an average age of inventory of 45 days.
c. The firm has a cost-of-goods-sold figure of S$1.25 million and an inventory turnover rate of 7.
d. The firm has a sales figure of S$27 million, a gross profit margin of 16 percent, and an average age of inventory of 50 days.
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Related Book For
Foundations Of Finance
ISBN: 9781292318738
10th Global Edition
Authors: Arthur Keown, John Martin, J. Petty
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