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You have been provided with the following information about Chetan Custom Couches (CCC) and Dale Designs (DD). CCC and DD are furniture stores that operate
You have been provided with the following information about Chetan Custom Couches (CCC) and Dale Designs (DD). CCC and DD are furniture stores that operate out of the Durham region. Dale and Chetan serve similar markets. Chetan's Custom Couches Revenue Inven COGS Inventory turnover ratio 2017 675,185 865,165 962,085 324,089 3.56 415,279 5.04 461,801 5.68 Dale Designs Revenue Invento COGS Inventory turnover ratio 2017 2016 1,407,424 1.461.103 IS 1.310.200 4.51 Use the following information to complete these questions a) b) c) Calculate the days to sell inventory for both companies for all years Calculate the gross margin and gross margin percentage for all years Identify any positive trends or concerns that you have, using your calculations above (be sure to specifically explain/discuss the turnover ratio, days to sell inventory and gross margin calculations) i. For Chetan's Custom Couches For Dale Designs
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