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Question 2 Gunner Microchips Incorporated had $16 billion in sales in 2021, Its COGS was $10 billion, and its average in
Posted: Thu May 19, 2022 5:30 am
by answerhappygod
- 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 80 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)