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Inventory AnalysisQT, Inc. and Elppa Computers, Inc. compete with each other inthe personal computer market. QT assembles computers to customerorders, building and delivering a computer within four days of acustomer entering an order online. Elppa, on the other hand, buildscomputers for inventory prior to receiving an order. Thesecomputers are sold from inventory once an order is received.Selected financial information for both companies from recentfinancial statements follows (in millions):QTElppaSales$48,180$61,900Cost of goods sold40,15058,400Inventory, beginning of period1,1874,960Inventory, end of period1,3875,760a. Determine for both companies (1) theinventory turnover and (2) the number of days' sales in inventory.Round your calculations and answers to one decimal place. Assume365 days a year.QTElppa1. Inventory turnover2. Number of days' sales in inventorydaysdaysb. QT has a inventory turnover ratio than doesElppa Company. Likewise, QT has a number of days' sales ininventory