A large appliance company, Sears, has recently hired you. As part of an effort to help Sears get better control of their inventory throughout the supply chain, you have been given a series of tasks. Please help Sears as best you can, before they go bankruptl 1. Sears sells the following appliances in their stores: Item Sales Costs L1 L2 L3 F1 F2 Totals $500,000 $600,000 $780,000 $200,000 $100,000 $2,180,000 $250,000 $450,000 $680,000 $150,000 $80,000 $1,610,000 Profits % of Profits Cumulative % of Profits Based on profits, classify the different appliances Sears sells into three different classes: A, B, and C. Each class must have at least one item in it (i.e. there must be at least one class A item, one class B item, and one class Citem). Please provide justification for why you classified each item in a particular class.

A large appllance company, Sears, has recently hired you. As part of an cfilort to help Sears get better control of their inventory throughout the supply chaln, vou have been chen a series of tasks Please help Sears as best you can, before they go bankspts 1. Sears sells the following appliances in their storess: Based on profits, classify the different appliances Sears sells into three different classes: A B, and C Each class must have at least one item in it (l.e. there must be at least one class Aitem, one class B item, and one class CItem). Please provide Justification for why vou classified each item in a particular class. Sears holds different amounts of Inventory for each of their appllances. Sears is particularly Interested in the Inventory of two specilic items from the above table: LI and FL. For Item LI, Sears typlcally holds about $100,000 worth of Inventory at any one point in time. For Item 51 , Sears typically holds about \$25,000 worth of Inventory at any one point in time. For both items, please calculate the inventory turnover ratlo as well as the time in inventory (in days). Assume that Sears is open for 365 days a year. In your own words, explain what the tumover ratio and the average time in Inventory mean for Items 41 and F2