Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Question 13 (20 points) - PDF Upload Big 5 Sporting Goods has headquarters in El Segundo, California. Given some unaudited indicators in fiscal year 2020-2021,

image text in transcribed

Question 13 (20 points) - PDF Upload Big 5 Sporting Goods has headquarters in El Segundo, California. Given some unaudited indicators in fiscal year 2020-2021, we analyze its retail performance. The annual inventory holding cost rate is given in the table. Big 5 carries a pool float at the cost of $39. To answer the question: (1) copy only Parts 2 and 3 onto your papers; (2) show numeric equations and final results; and (3) follow the units and decimal places specified. Part 1 - Information Big 5 Net sales (thousands of $) 1,041,212 COGS (thousands of $) 692,041 Merchandise inventories (thousands of $) 251,180 Annual inventory holding cost rate (assumed) 32% Part 2 - Overall Retail Performance Big 5 (a)[4] Flow time (years, 5 decimal places) ? (b)[4] Days of supply (days, 2 decimal places) ? (c)[4] Inventory turns (turns per year, 5 decimal places) ? Part 3 - Item Retail Performance Big 5 Cost of a pool float ($) 39 (d)[4] Per-unit inventory holding cost rate (%, 2 decimals) ? (e)[4] Inventory holding cost of the item ($, 2 decimals)

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Frank Woods Business Accounting Volume 2

Authors: Frank Wood, Alan Sangster

14th Edition

1292209178, 9781292209173

More Books

Students also viewed these Accounting questions