Return on sales= Return on Equity= Days Receivable= Days Inventory= 2008 5.7% (1.6%) 1.6% 5.7 67.9 Skyline GP %= Return on sales Return on equity Days Receivable Days Inventory 2008 7.6% (1.84) (3.3%) 22.1 13.6 4. Restated Inventory= LIFO Inventory+LIFO reserve Days Inventory Restated= (Avg Inv/COGS) x 365 days 007 2 11.4% 6.3% 19.9% 12.7 42.2 007 2 10.4% (0.7%) 1.5% 22.7 12.2 Thor 181‚664 29.64 days Winnebago 147‚913 91.04 5. According to the data‚ Thor is managing its inventory well
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Explain how the global factors in operations and inventory management can help a business sustain its competitive advantage In order for a business to sustain its competitive advantage‚ it must take into account the global factors influencing operations in association with its inventory management processes. A competitive advantage is defined as a condition or circumstance that puts a company in a favourable or superior business position. Both Crumpler and Coca-Cola have monitored these aspects of
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Multiple Choice: 1. In general terms‚ financial assets appear in the balance sheet at: a. Face value b. Current value c. Cost d. Estimated future sales value 2. Which of the following practices contributes to efficient cash management? a. Never borrow money – maintain a cash balance sufficient to make all necessary payments. b. Record all cash receipts and cash payments at the end of the month when reconciling the bank statements
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| | | | |4-3. |With inflation‚ what are the implications of using LIFO and FIFO inventory methods? How do they affect the cost of | | |goods sold?
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CHAPTER 1 INTRODUCTION THE PROBLEM AND ITS SCOPE Rationale Zipkin (2000)‚ states that every one of us deals with dozens of inventories daily without thinking too hard about them. At home‚ we stock supplies of foods‚ drinks‚ soap‚ and many other items‚ because they make life easier than it would be otherwise. During times of calamities when there is no electricity and gas for cooking‚ one’s stock of canned goods and other ready to eat foods are of great help. Olivario (1998) said that
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(revenues) is called? Matching Principle 2. One of the following statements about the accrual basis of accounting is false. That statement is: Expense is recorded before the sales has been carried out. 3. In periods of rising prices‚ LIFO will produce following effect on net income: 1. Lower ending inventory and lower income 4. Rickety Company purchased 1‚000 widgets and has 200 widgets in its ending inventory at a cost of $91 each and a current replacement cost of $80 each
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STUDENT SERVICE ENTERPRISE INVENTORY SYSTEM A Concept Paper Presented to The Faculty of the College of Computer Studies Central Philippine University Jaro‚ Iloilo City‚ Philippines In partial fulfilment Of the Requirements in CS318 – Research Methods in IT By JanelynGrasparil BSIT – 4 July‚ 2012 CHAPTER 1 INTRODUCTION Overview of the Current State of Technology With the power of technology nowadays‚ people
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Topps Company Inventory Evaluation Michelle Rowley ACC 281 Ms. LaKeitha Givens August 5‚ 2013 Topps Company Inventory Evaluation Topps Company’s runs two business units‚ confectionery and entertainment (Edmonds‚ Olds‚ McNair‚ & Tsay‚ 2010). Their financial situation changed from the year 2004 to the year 2006. Their focus changed in 2006 with 80% of the employees reporting profit and loss to someone compared to 20% reporting before the change and also started performance tracking of
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11. A total variance is best defined as the difference between total a. actual cost and total cost applied for the standard output of the period. b. standard cost and total cost applied to production. c. actual cost and total standard cost of the actual input of the period. d. actual cost and total cost applied for the actual output of the period. 12. The term “standard hours allowed” measures a. budgeted output at actual hours. b. budgeted output at standard hours. c. actual output
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Use the following information for questions 1--10. Top That manufactures baseball-style hats. Material is introduced at the beginning of the process in the Cutting Department. Conversion costs are incurred (and allocated) uniformly throughout the process. As the cutting of material is completed‚ the pieces are immediately transferred to the Sewing Department. Data for the Cutting Department for the month of February 2005 follow: Work in process‚ January 31-- 50‚000 units 100%
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