Question 2 Gunner Microchips Incorporated had $16 billion in sales in 2021, Its COGS was $10 billion, and its average in

Business, Finance, Economics, Accounting, Operations Management, Computer Science, Electrical Engineering, Mechanical Engineering, Civil Engineering, Chemical Engineering, Algebra, Precalculus, Statistics and Probabilty, Advanced Math, Physics, Chemistry, Biology, Nursing, Psychology, Certifications, Tests, Prep, and more.
Post Reply
answerhappygod
Site Admin
Posts: 899603
Joined: Mon Aug 02, 2021 8:13 am

Question 2 Gunner Microchips Incorporated had $16 billion in sales in 2021, Its COGS was $10 billion, and its average in

Post by answerhappygod »

Question 2 Gunner Microchips Incorporated Had 16 Billion In Sales In 2021 Its Cogs Was 10 Billion And Its Average In 1
Question 2 Gunner Microchips Incorporated Had 16 Billion In Sales In 2021 Its Cogs Was 10 Billion And Its Average In 1 (40.22 KiB) Viewed 79 times
Question 2 Gunner Microchips Incorporated had $16 billion in sales in 2021, Its COGS was $10 billion, and its average inventory balance was $500 million. a) What is Gunner's inventory turnover days? (2 marks) b) Gunner's competitor turns over its inventory every four days. By how much Gunner Microchips Incorporated would reduce its investment in inventory if it could improve its inventory turnover to match it competitor? (3 marks) [Total: 5 Marks)
Join a community of subject matter experts. Register for FREE to view solutions, replies, and use search function. Request answer by replying!
Top
Post Reply

Return to “Archived Questions & Answers”