Inventory Analysis Corporal Inc and Admiral Company compete with each other in the personal computer market Corporal's primary strategy is to assemble computers to customer orders, rather than for inventory Thus, for example, Corporal will build and deliver a computer within four days of a customer entering an order on a Web page Admiral, on the other hand, builds some computers prior to receiving an order, then sells from this inventory once an order is received Below is selected financial information for both companies from a recent year's financial statements (in millions) Corporal Inc Admiral Company Sales $96,360 $123,800 Cost of goods sold 80,300 116,800 Inventory, beginning of period 2,650 10,556 Inventory, end of period 2,850 12,356 a Determine for both companies (1) the inventory turnover and (2) the number of days' sales in inventory Round your calculations and answers to one decimal place Assume 365 days a year Corporal Admiral 1 Inventory turnover 2 Number of days' sales in inventory days days Inventory Analysis Corporal Inc and Admiral Company compete with each other in the personal computer market Corporal's primary strategy is to assemble computers to customer orders, rather than for inventory Thus, for example, Corporal will build and deliver a computer within four days of a customer entering an order on a Web page Admiral, on the other hand, builds some computers prior to receiving an order, then sells from this inventory once an order is received Below is selected financial information for both companies from a recent year's financial statements (in millions) Corporal Inc Admiral Company Sales $96,360 $123,800 Cost of goods sold 80,300 116,800 Inventory, beginning of period 2,650 10,556 Inventory, end of period 2,850 12,356 a Determine for both companies (1) the inventory turnover and (2) the number of days' sales in inventory Round your calculations and answers to one decimal place Assume 365 days a year Corporal Admiral 1 Inventory turnover 29 10 2 Number of days' sales in inventory 13 days 37 days

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Inventory Analysis Corporal Inc. and Admiral Company compete with each other in the personal computer market. Corporal's primary strategy is to assemble computers to customer

Inventory Analysis

Corporal Inc. and Admiral Company compete with each other in the personal computer market. Corporal's primary strategy is to assemble computers to customer orders, rather than for inventory. Thus, for example, Corporal will build and deliver a computer within four days of a customer entering an order on a Web page. Admiral, on the other hand, builds some computers prior to receiving an order, then sells from this inventory once an order is received. Below is selected financial information for both companies from a recent year's financial statements (in millions):

	Corporal Inc.	Admiral Company
Sales	$96,360	$123,800
Cost of goods sold	80,300	116,800
Inventory, beginning of period	2,650	10,556
Inventory, end of period	2,850	12,356

a. Determine for both companies (1) the inventory turnover and (2) the number of days' sales in inventory. Round your calculations and answers to one decimal place. Assume 365 days a year.

	Corporal		Admiral
1. Inventory turnover
2. Number of days' sales in inventory		days		days

Inventory Analysis Corporal Inc. and Admiral Company compete with each other in the personal computer market. Corporal's primary strategy is to assemble computers to customer orders, rather than for inventory. Thus, for example, Corporal will build and deliver a computer within four days of a customer entering an order on a Web page. Admiral, on the other hand, builds some computers prior to receiving an order, then sells from this inventory once an order is received. Below is selected financial information for both companies from a recent year's financial statements (in millions): Corporal Inc. Admiral Company Sales $96,360 $123,800 Cost of goods sold 80,300 116,800 Inventory, beginning of period 2,650 10,556 Inventory, end of period 2,850 12,356 a. Determine for both companies (1) the inventory turnover and (2) the number of days' sales in inventory. Round your calculations and answers to one decimal place. Assume 365 days a year. Corporal Admiral 1. Inventory turnover 29 10 2. Number of days' sales in inventory 13 days 37 days