Exercise 5-16 A Inventory turnover and average days to sell LO 5-5 The following accounting information pertains to two grocery store chains. One grocery store chain has a market strategy of selling only high end organic food products while the other grocery store sells less expensive foods that are traditionally grown with the use of pesticides, synthetic fertilizers, and/or genetically modified organisms. The company selling traditional produced foods has an average inventory balance of $45,000, while the company selling organic foods has an average inventory balance of $40,000. a. Complete the table by filling in the missing amounts. b. Which grocery store chain is taking a lower cost/higher volume strategy as it relates to sales? c1. Calculate the inventory turnover and average days to sell inventory for each grocery store chain. c2. Based on your calculations, which grocery chain will be required to reorder inventory more frequently? nces Complete this question by entering your answers in the tabs below. Req A Reg B Reg C1 Req C2 Which grocery store chain is taking a lower cost/higher volume strategy as it relates to sales? Lower cost/higher volume strategy Exercise 5-16A Inventory turnover and average days to sell LO 5-5 The following accounting information pertains to two grocery store chains. One grocery store chain has a market only high end organic food products while the other grocery store sells less expensive foods that are traditionally of pesticides, synthetic fertilizers, and/or genetically modified organisms. The company selling traditional produced foods has an average inventory balance of $45,000, while the company foods has an average inventory balance of $40,000 a. Complete the table by filling in the missing amounts. b. Which grocery store chain is taking a lower cost/higher volume strategy as it relates to sales? c1. Calculate the inventory turnover and average days to sell inventory for each grocery store chain. c2. Based on your calculations, which grocery chain will be required to reorder inventory more frequently? Complete this question by entering your answers in the tabs below. Req A Reg B Req C1 Req C2 Calculate the inventory turnover and average days to sell inventory for each grocery store chain. (Use 365 days in a year Round your "Inventory Turnover Ratios" to 1 decimal place and all other answers to the nearest whole number.) Traditional Organic Inventory turnover ratios times times Average days to sell inventory days days Exercise 5-16A Inventory turnover and average days to sell LO 5-5 The following accounting information pertains to two grocery store chains. One grocery store chain has a market strategy of selling only high end organic food products while the other grocery store sells less expensive foods that are traditionally grown with the use of pesticides, synthetic fertilizers, and/or genetically modified organisms The company selling traditional produced foods has an average inventory balance of $45,000, while the company selling organic foods has an average inventory balance of $40,000 a. Complete the table by filling in the missing amounts b. Which grocery store chain is taking a lower cost/higher volume strategy as it relates to sales? c1. Calculate the inventory turnover and average days to sell Inventory for each grocery store chain c2. Based on your calculations, which grocery chain will be required to reorder inventory more frequently? Complete this question by entering your answers in the tabs below. Req A Reg B Reg 1 Reg C2 Based on your calculations, which grocery chain will be required to reorder inventory more frequently? Re-order more frequently
