Calculate the number of inventory days outstanding for, Financial Management

+44 141 628 6080
[email protected]

Calculate the number of inventory days outstanding for

Valley Homecare? Suppliers, Incorporated? (OVHS) had $19 million in sales in 2015. Its cost of goods sold was $ 7.6 million, and its average inventory balance was $ 2.2 million.

a. Calculate the number of inventory days outstanding for OVHS.

b. The average number of inventory days in the industry is 73 days. By how much would OVHS reduce its investment in inventory if it could improve its inventory days to meet the industry? average?

View Complete Question

Request for Solution File

Ask an Expert for Answer!!

Financial Management: Calculate the number of inventory days outstanding for

Reference No:- TGS02788678

Expected delivery within 24 Hours

Have a Question? (oR Write a Review)

Write atleast 100 words!!

Asked Questions

How ensure that the youth understand what study involves

What is another way to say ". It is important to ensure that the youth understand what the study involves, what their participation entails

Review a social, behavioral, or cultural factor

Bearing in mind that there may be several, choose a social, behavioral, or cultural factor associated with your selected domestic violence

Identify a specific theory of cognitive or moral development

Problem 1: Identify a specific theory of cognitive or moral development, and summarize the major assumptions.

Why you feel unpleasantly hot and sweaty

Working in the yard, you feel unpleasantly hot and sweaty when you come in the house, so you take a shower and begin to feel better.

Examine historical literature to the most current period

Examine historical literature to the most current period to see the growth of romanticism and EXISTENTIALISM. any major developments

Discussion about the nature versus nurture

In our readings, we learn more about the nature versus nurture argument. For this discussion, I want you to go in depth a bit more and debate the importance

Problem on journal articles and non-journal materials

Amanda said? Excellent post, Chrystal. You provided great insight into the helpful resource ERIC digital library is. I appreciate how it states the information

Request for Solution File

Ask an Expert for Answer!!

Financial Management: Calculate the number of inventory days outstanding for

Reference No:- TGS02788678

Have a Question? (oR Write a Review)

Recent Questions Asked Financial Management

Q : Respond to the following question is the key to developing

Q : Identify the major organizational resources needed to

Q : Imagine that you are the leader of a team of retail

Q : Ships in transit face threats throughout their voyages

Q : Calculate the number of inventory days outstanding for

Q : Imagine that senior leadership is displeased with their

Q : Bueco 1509 assignment - critically analyze the reasons for

Q : Your company is looking at a major acquisition and needs to

Q : Develop the training objective for this program based on an