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Please use excel and show work Question 1 (15 pts): The following table shows financial data (year 2006) for Dirt Cheap Wholesale and Kwiki-Mart, two
Please use excel and show work
Question 1 (15 pts): 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%. Work on worksheet Q1 for the following questions: a) How many days, on average, does a product stay in Dirt Cheap's 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 ? Question 1 (15 pts): 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%. Work on worksheet Q1 for the following questions: a) How many days, on average, does a product stay in Dirt Cheap's 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 $15Step by Step Solution
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