tara whitney was interested in controlling her company s inventory because she knew 4374733

Tara Whitney was interested in controlling her company’s inventory because she knew that excess inventories were expensive in that they tied up funds. On the other hand insufficient inventory levels could result in lost sales. Whitney obtained the following inventory information from her trade association, which reported average figures for companies similar to hers: Days’ inventory ………………………. 38 days Inventory turnover …………………… 11 times Whitney had the following information from last year, which she considered to be a typical year for her company: Cost of sales …………………………… $300,000 Beginning inventory …………………… 58,160 Ending inventory ……………………… 62,880 Required: How does Tara Whitney’s company’s inventory compare with that of other similar companies? View Solution:
Tara Whitney was interested in controlling her company s inventory because

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