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Problem: Home Improvement The following table includes information about the yearly financials of a major Home Improvement Retailer (all information is in millions of
Problem: Home Improvement The following table includes information about the yearly financials of a major Home Improvement Retailer (all information is in millions of $'s). Revenue 74,754 Cost of goods sold 48,912 Inventory 10,710 1. On average, how many times does this retailer turn its inventory per year? (Accepted answer format should be: 0.0000) Enter answer here 2. How many days of supply does this retailer hold, on average? (Accepted answer format should be 00.00) Enter answer here 3. Consider a power drill that was procured by this retailer for $65. Assume a 25% annual inventory cost. What are the per unit inventory costs for this power drill (in $ per unit)? (Accepted answer format should be: 0.0000) Enter answer here
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