Calculate the number of inventory days outstanding for ovhs

Assignment Help Financial Management

Reference no: EM131562624

Ohio Valley Homecare? Suppliers, Incorporated? (OVHS) had $13 million in sales in 2015. Its cost of goods sold was $5.2 ?million, and its average inventory balance was $1.9 million.

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

The number of inventory days is ___ days. (Round to the nearest integer)

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?

OVHS would reduce its inventory by $___. (Round to the nearest dollar)

Reference no: EM131562624

Questions Cloud

Measuring the pressure at a given depth of seawater : In an experiment measuring the pressure (in kPa) at a given depth d (in m) of seawater, the results in the following table were found.

Calculate the past service costs : Calculate the past service costs included in 2012 net pension expense (or revenue) under IAS 19

What would be cost of equity from new stock : What is the company's cost of common equity if all of its equity comes from retained earnings? What would be the cost of equity from new stock?

Compute the product cost per unit for each job : Compute the product cost per Unit for each job, using the original costing system. Suppose Harris Systems adopts the ABC system, Compute the product cost

Calculate the number of inventory days outstanding for ovhs : Calculate the number of inventory days outstanding for OVHS. By how much would OVHS reduce its investment in inventory

Plot the graphs of the indicated functions : The percent of a computer network that is in use during a particular loading cycle as a function of the time t (in s) is given in the following table.

The ideology of the republican man : Describe this ideology and discuss how it is reflected in his design for his home, Monticello.

Define cost-volume-profit analysis : Define cost-volume-profit analysis. Discuss how fixed, variable, and semi-variable costs respond to changes in the volume of business activity

Conduct a survey using unrestricted samoling : Conduct a survey using unrestricted samoling.what subjective decisions must you make?

User Account

All Pages