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In fiscal year 2000, Roebucks Corp reported a cost of goods sold of $8527 million and average inventory valued at $1,529.4 million. a. On average,
In fiscal year 2000, Roebucks Corp reported a cost of goods sold of $8527 million and average inventory valued at $1,529.4 million.
a. On average, how many weeks of inventory did Roebucks maintain to generate its sales in 2019?
b. What was Roebucks annual inventory turnover in 2019?
(Please provide Excel functions)
Use the attached table to determine (there's no actual data from 2019- its hypothetical)
The Cumulative Standardized Normal Distribution (Extract from Table E.2, p.546 of Text) 0.07 0.0192 Z -2.0 -1.9 -1.8 -1.7 -1.6 -1.5 -1.4 -1.3 -1.2 -1.1 -1.0 -0.9 -0.8 -0.7 -0.6 -0.5 -0.4 0.00 0.0228 0.0287 0.03591 0.0446 0.0548 0.0668 0.0808 0.0968 0.1151 0.1357 0.1587 0.1841 0.2119 0.2420 0.2743 0.30851 0.34461 0.3821 0.4207 0.4602 0.5000 0.01 0.0222 0.0281 0.0351 0.0436 0.0537 0.0655 0.0793 0.0951 0.1131 0.1335 0.1562 0.1814 0.2090 0.2389 0.2709 0.3050 0.3409 0.3783 0.4168 0.4562 0.4960 0.02 0.0217 0.02741 0.0344 0.0427 0.0526 0.06431 0.07781 0.0934 0.1112 0.1314 0.15391 0.1788 0.2061 0.23581 0.26761 0.30151 0.33721 0.3745 0.4129 0.4522 0.4920 0.03 0.0212 0.0268 0.0336 0.0418 0.0516 0.0630 0.0764 0.0918 0.1093 0.1292 0.1515 0.1762 0.2033 0.2327 0.2643 0.2981 0.3336 0.3707 0.4090 0.4483 0.4880 0.04 0.0207 0.0262 0.03291 0.04091 0.0505 0.0618 0.0749 0.0901 0.1075 0.1271 0.1492 0.1736 0.2005 0.2296 0.2611 0.2946 0.3300 0.3669 0.4052 0.4443 0.4840 0.05 0.0202 0.0256 0.0322 0.0401 0.0495 0.0606 0.0735 0.08851 0.1056 0.1251 0.1469 0.1711 0.1977 0.2266 0.25781 0.29121 0.3264 0.3632 0.4013 0.4404 0.4801 0.06 0.0197 0.0250 0.0314 0.0392 0.0485 0.0594 0.0721 0.08691 0.10381 0.1230 0.1446 0.1685 0.19491 0.2236 0.2546 0.2877 0.3228 0.3594 0.3974 0.4364 0.4761 0.0244 0.0307 0.03841 0.0475 0.0582 0.0708 0.0853 0.1020 0.1210 0.14231 0.1660 0.1922 0.2206 0.2514 0.2843 0.3192 0.3557 0.3936 0.4325 0.4721 0.08 0.0188 0.0239 0.0301 0.0375 0.0465 0.0571 0.0694 0.0838 0.1003 0.1190 0.1401 0.1635 0.1894 0.2177 0.24831 0.2810 0.3156 0.35201 0.3897 0.4286 0.4681 0.09 0.0183 0.0233 0.0294 0.0367 0.0455 0.0559 0.0681 0.0823 0.0985 0.1170 0.1379 0.1611 0.1867 0.2148 0.2451 0.2776 0.3121 0.34831 0.3859 0.4247 0.4641 -0.3 -0.2 -0.1 -0.0 The Cumulative Standardized Normal Distribution (Extract from Table E.2, p.547 of Text) 0.04 Z 0.0 0.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1.0 0.00 0.5000 0.5398 0.5793 0.6179 0.6554 0.6915 0.7257 0.7580 0.7881 0.8159 0.8413 0.8643 0.8849 0.9032 0.9192 0.9332 0.9452 0.9554 0.9641 0.9713 0.97721 0.01 0.5040 0.5438 0.5832 0.62171 0.6591 0.6950 0.7291 0.7611 0.7910 0.8186 0.8438 0.8665 0.8869 0.9049 0.9207 0.9345 0.9463 0.9564 0.9649 0.9719 0.97781 0.02 0.5080 0.5478 0.58711 0.6255 0.6628 0.6985 0.7324 0.76421 0.7939 0.8212 0.8461 0.8686 0.8888 0.90661 0.92221 0.9357 0.9474 0.95731 0.9656 0.97261 0.97831 0.03 0.51201 0.5517 0.5910 0.6293 0.6664 0.7019 0.7357 0.7673 0.7967 0.8238 0.8485 0.8708 0.8907 0.9082 0.9236 0.9370 0.9484 0.9582 0.9664 0.9732 0.9788 0.5160 0.5557 0.5948 0.63311 0.67001 0.7054 0.7389 0.77041 0.7995 0.82641 0.8508 0.8729 0.8925 0.90991 0.9251 0.9382 0.9495 0.9591 0.9671 0.97381 0.97931 0.05 0.5199 0.5596 0.5987 0.63681 0.6736 0.7088 0.7422 0.7734 0.8023 0.8289 0.8531 0.8749 0.8944 0.9115 0.9265 0.9394 0.9505 0.9599 0.9678 0.9744 0.9798 0.06 0.5239 0.5636 0.60261 0.6406 0.67721 0.7123 0.7454 0.77641 0.8051 0.8315 0.8554 0.8770 0.8962) 0.9131 0.9279 0.94061 0.9515 0.9608 0.9686 0.9750 0.9803 0.07 0.5279 0.56751 0.60641 0.6443 0.6808 0.7157 0.7486 0.7794 0.8078 0.8340 0.8577 0.87901 0.8980 0.9147 0.9292 0.9418 0.9525 0.9616 0.9693 0.9756 0.98081 0.08 0.5319 0.5714 0.61031 0.6480 0.6844 0.7190 0.7517 0.7823 0.8106 0.8365 0.8599 0.8810 0.8997 0.9162 0.9306 0.9429 0.9535 0.9625 0.96991 0.9761 0.9812 0.09 0.5359 0.5753 0.6141 0.6517 0.6879 0.72241 0.7549 0.7852 0.8133 0.8389 0.8621 0.8830 0.9015 0.9177 0.9319 0.9441 0.9545 0.96331 0.9706 0.9767 0.9817 1.1 1.2 1.3 1.4 1.5 1.6 1.7 1.8 1.9 2.0
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