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

image text in transcribed Sunland Electronics has enjoyed tremendous sales growth during the last 10 years. However, even though sales have steadily increased, the company's CEO, Susan Wilson, is concemed about certain 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. Susan begins the meeting by making the following observations: We have been forced to take significant write-downs on imventory during each of the last three years because of obsolescence. In addition, imventory 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. Susan asks the group to review the following data and make suggestions as to how the company's performance might be improved. Compute the current ratio, gross profit rate, profit margin, inventory turnover, and days in inventory for 2025, 2026, and 2027. (Round current ratios to 2 decimal places, e.g. 15.21, and all other answers to 1 decimal place, e.g. 15.2. Use 365 days for calculation.)

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