Home / Questions / Please answer all thank you Inventory management Wilkins Manufacturing has sal Inventory ...
Please answer all, thank you!
Inventory management Wilkins Manufacturing has sales of $3.8 million and a gross profit margin of 39%. Its end-of-quarter inventories are: Find the average quarterly inventory and use it to calculate the firm's inventory turnover and the average age of inventory. (Assume a 365-day year.) Assuming that the company is in an industry with an average inventory turnover of 1.7, how would you evaluate the activity of Wilkins' inventory? The average quarterly inventory $ (Round to the nearest dollar.) Inventory turnover ratio is (Round to two decimal places.) The average age of inventory is days. (Round to one decimal place.) Assuming that the company is in an industry with an average inventory turnover of 1.7, how would you evaluate the activity of Wilkins' inventory? (Select all the answers that apply.) A low inventory turnover ratio may represent low inventory levels resulting in stockouts. A high inventory turnover ratio may represent low inventory levels resulting in stockouts. A high inventory turnover ratio may represent efficient inventory management. The Wilkins Manufacturing inventory turnover ratio significantly exceeds the industry.
Apr 03 2020 View more View Less
In Figure 1a the specimen length (L) is 28.0 inches and the torque applied at the free end (T) is 800. pounds-inches. Figure 1b shows a cross-section of the specimen with...
Jun 30 2020Hale’s TV Productions is considering producing a pilot for a comedy series in the hope of selling it to a major television network. The network may decide to reject the ...
Sep 01 2020Dynamic Business Law1c. What is the primary purpose of the U.S. Constitution? In your own words.
Aug 21 2021A local newspaper sells an average of 2100 papers per day, with a standard deviation of 500 papers. Consider a sample of 60 days of operation. a. What is the shape of the...
Aug 01 2020Bshs 325 Week 4 Individual ReassuranceReassuranceBSHS/325ReassuranceGood morning, I first would like to welcome you to our establishment. We try to make the transition fr...
Jul 16 2020Find a and b if the two surfaces cut orthogonally.
Aug 07 2020In a vacuum chamber, a thick slab is placed under an array of laser diodes with an output constant pulse. A thermocouple is inserted inside the slab at 25 mm from the sur...
Jul 21 2020In the manufacture of 8,000 units of a product, direct materials cost incurred was $154,600, direct labor cost incurred was $84,000, and applied factory overhead was $45,...
Jun 23 2021The demand curve illustrates the quantity demanded at every possible price at a given time isA.TrueB.False
Jun 06 2021The radius of a right circular cylinder is increasing at a rate of 6 inches per minute, and the height is decreasing at a rate of 4 inches per minute. What are the rates ...
Jul 13 2021