Grantham University Target vs Amazon Inventory Ratio Analysis Assignment

User Generated

zbafgre15

Business Finance

Description

In the Cases & Projects section at the back of Chapter 7 in your textbook, find and complete problem “CP 7-6 Comparing inventory ratios for two companies.” Be sure to complete all steps and sections of the problem and show all your work. Clearly label your answers. Submit all your documentation for the problem to the dropbox for grading.

GRADING ASSIGNMENT CRITERIA

MAXIMUM POINTS

Demonstrates knowledge and understanding of comparing inventory ratios

50

Shows necessary calculations for inventory turnover and days’ sales in inventory, and substantive responses to interpretation questions.

40

Mechanics and clarity of work. When applicable, punctuation, sentence structure, spelling and citation of sources.

10

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Explanation & Answer

Attached.

Question CP 7-6
Target
Cost of merchandise
Inventory end of year
Inventory, beginning of year

a.

Inventory turnover
Formula:
Cost of Merchandise
Average Inventory
Turnover ratio

b

Days of sale Inventory
Formula:
Average Inventory
Cost of merchandise
Days in a year
Days of sal...


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