Inventory Management.
The following financial information is taken from the annual report of Intel Corporation:
amounts in millions Year Year
Net revenues $ $
Cost of goods sold
Ending inventories
Using the above data, calculate the company's inventory turnover, inventoryonhand period, and gross profit percentage for Year and Year
Round all answers to nearest one decimal place.
Year Year
Inventory turnover Answer
Answer
Inventoryonhand period Answer
Answer
Gross profit percentage Answer
Answer
Inventory Management.
The following financial information is taken from the annual report of Intel Corporation:
Using the above data, calculate the company's inventory turnover, inventoryonhand period, and gross profit percentage for Year and Year
Round all answers to nearest one decimal place.
Is the company's inventory management improving?
Intel's inventory management effectiveness declined.
Intel uses FIFO to value its inventory. Would these ratios look better if the company used LIFO instead?
Yes, Intel's inventory management would have looked somewhat better if the company had used LIFO instead of FIFO to value its inventory.
