Happy Valley Homecare Suppliers, Incorporated (HVHS), had 14.7 million in sales in 2015. its cost of goods sold was 5
Posted: Sun Jul 03, 2022 6:42 am
Happy Valley Homecare Suppliers, Incorporated (HVHS), had 14.7million in sales in 2015. its cost of goods sold was 5.88 million,and its average inventory balance was 1.78 million.
a. Calculate the average number of days inventory outstandingratios for HVHS.
b. The average number of inventory days in the industry is 73days. By how much must HVHS reduce its investment in inventory toimprove its inventory days to meet the industry? (Hint: Use a365-day year.)
To match the industry average number of inventory days,HVHS would reduce its inventory by ___million
a. Calculate the average number of days inventory outstandingratios for HVHS.
b. The average number of inventory days in the industry is 73days. By how much must HVHS reduce its investment in inventory toimprove its inventory days to meet the industry? (Hint: Use a365-day year.)
To match the industry average number of inventory days,HVHS would reduce its inventory by ___million