Question
AutoZone and O'Reilly are two competitors in the retail automotive parts industry. AutoZone O'Reilly Average 2018 Inventory $3,912,878 $3,101,572 2018 Sales 11,221,077 9,536,428 2018 Cost
AutoZone and O'Reilly are two competitors in the retail automotive parts industry.
| AutoZone | O'Reilly | |
|---|---|---|
| Average 2018 Inventory | $3,912,878 | $3,101,572 |
| 2018 Sales | 11,221,077 | 9,536,428 |
| 2018 Cost of goods sold | 5,247,331 | 4,496,462 |
| Average 2017 Inventory | $3,757,001 | $2,894,388 |
| 2017 Sales | 10,888,676 | 8,977,726 |
| 2017 Cost of goods sold | 5,149,056 | 4,257,043 |
Use the information above to compute the companies' gross profit margin and days inventory outstanding for both years. Round answers to one decimal place (ex: 0.2345 = 23.5%).
| Gross Profit Margin | ||
|---|---|---|
| AutoZone | O'Reilly | |
| 2018 | ||
| 2017 | ||
Round to answers to nearest whole number (day).
| Days Inventory Outstanding | ||
|---|---|---|
| AutoZone | O'Reilly | |
| 2018 | ||
| 2017 | ||
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Sound Investing, Chapter 23 - Internal Control
Authors: Kate Mooney
1st Edition
0071719458, 9780071719452
