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Riverbed Electronics has enjoyed tremendous sales growth during the last 10 years. However, even though sales have steadily increased, the company's CEO, Dana Byrnes, is

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Riverbed Electronics has enjoyed tremendous sales growth during the last 10 years. However, even though sales have steadily increased, the company's CEO, Dana Byrnes, is concerned about certal aspects of its performance. She has called a meeting with the corporate controller and the vice presidents of finance, operations, sales, and marketing to discuss the company's performance. Dana begins the meeting by making the following observations: We have been forced to take significant write-downs on inventory during each of the last three years because of obsolescence. In addition, inventory storage costs have soared. We rent four additional warehouses to store our increasingly diverse inventory. Five years ago inventory represented only 20% of the value of our total assets. It now exceeds 35%. Yet, even with all of this inventory,"stockouts" (measured by complaints by customers that the desired product is not available) have increased by 40% during the last three years. And worse yet, it seems that we constantly must discount merchandise that we have too much of. Dana asks the group to review the following data and make suggestions as to how the company's performance might be improved. (in millions) 2017 2016 2015 2014 Inventory Raw materials Work in process $252 111 513 $211 81 461 $152 47 376 $138 33 282 $453 Finished goods Total inventory $876 $753 $575 Current assets $1,850 $2,591 $1,331 $2,495 $1,131 $2,325 $817 $2,161 Total assets Current liabilities $649 $646 $549 $440 Sales revenue $8,720 $8,036 $7,191 $7.242 Cost of goods sold $5,704 $754 $5,627 $924 $4,556 $1,056 $3,652 $884 Net income Sales revenue $8,720 $8,036 $7,191 $7,242 Cost of goods sold $5,704 $5,627 $4,556 $3,652 Net income $754 $924 $1,056 $884 Using the information provided, Compute the current ratio, gross profit rate, profit margin, inventory turnover, and days in inventory for 2015, 2016, and 2017. (Rour places, e.g. 15.25:1 and all other answers to 1 decimal place, e.g. 15.2 or 15.2%.) 2017 2016 2015 Current ratio Gross profit rate Profit margin Inventory turnover times times times Days in inventory days days days eTextbook and Media

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