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Exercise 4 Consider the following information of a company: Beginning inventory in 10 000...

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Finance

Exercise 4

Consider the following information of a company:

Beginning inventory in 10 000

Ending inventory in 14 000

COGS/year in 200 000

A year in days is 360

Q14. What is the average inventory of this company? Detail your calculation.

Q15. What is the average number of days in COGS invested in inventories? Detail your calculation.

Q16. How many times inventories of this company turn over in a year? Detail your calculation.

Q17. What is in general better for a company?

Write here below an X in front of the correct answer:

To have a higher inventory turnover

To have a lower inventory turnover

Justify your answer:

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