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build a templete The following table shows financial data (year 2006) for Dirt Cheap Wholesale and Kwiki-Mart, two US retailers. Assume that both companies have
build a templete The following table shows financial data (year 2006) for Dirt Cheap Wholesale and Kwiki-Mart, two US retailers. Assume that both companies have an average annual holding cost rate of 20%. All Numbers In Million $ DIRT CHEAP WHOLESALE KWIKI-MART STORES Inventories 4,754 40,894 Sales (net) 59,217 397,206 COGS 52,762 326,606 Work on worksheet Q1 for the following questions: a) How many days, on average, does a product stay in Dirt Cheaps inventory before it is sold? Assume that stores operate 365 days a year. b) How much lower (expressed in $s) is, on average, the inventory cost for Dirt Cheap compared to Kwiki-Mart of a house hold cleaner valued at $15
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