Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

compute the average day s inventory Outstanding for the .unfit allu Past year Tol each company and show your calculations. Review page 6-13, which shows

image text in transcribed
compute the average day s inventory Outstanding for the .unfit allu Past year Tol each company and show your calculations. Review page 6-13, which shows the formula as (365 times Average Inventory)/ Cost of Goods Sold. To determine the average inventory use the current year and past year inventory divided by 2, since the ending inventory of one year is the beginning inventory of the next year. Cost of Goods Sold is the same thing as Cost of Merchandise Sold. Round to the nearest day. You can find this information on the current 10-K except for the following information for 2019 Inventory for DLTR $3,536 million and TGT $9,497 million. Comment on your results including a comparison of the two companies. You must show your work to earn full credit. Round to Current year Past year the nearest day DLTR TGT Comments

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Reimagining Capitalism In A World On Fire

Authors: Rebecca Henderson

1st Edition

1541730151, 9781541730151

More Books

Students also viewed these Economics questions

Question

Describe the steps of the Delphi Technique.

Answered: 1 week ago

Question

How can emotions cause communication breakdown?

Answered: 1 week ago

Question

Write a note on transfer policy.

Answered: 1 week ago

Question

Discuss about training and development in India?

Answered: 1 week ago

Question

Explain the various techniques of training and development.

Answered: 1 week ago

Question

Explain the various techniques of Management Development.

Answered: 1 week ago

Question

2 What can organisations do to improve employee utilisation?

Answered: 1 week ago

Question

4 When is it a good idea to use the external supply of labour?

Answered: 1 week ago

Question

3. What would you do now if you were Mel Fisher?

Answered: 1 week ago