Calculate the number of inventory days outstanding for ovhs

Assignment Help Financial Management

Reference no: EM131994211

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?

Reference no: EM131994211

Questions Cloud

Develop the training objective for the program : Develop the training objective for this program based on an analysis of the business. Determine the training cost for the training program you are proposing.

What is the wacc for the company funding : Your company is looking at a major acquisition and needs to raise $90,000,000. What is the WACC for the company’s $90,000,000 funding?

Analyze the reasons for the variation of growth rates : BUECO 1509 Assignment - Critically analyze the reasons for the variation of growth rates in that time period about 1200 words

Explain the performance management plan : Imagine that senior leadership is displeased with their performance management plan. Lay out a plan for senior leadership to automate this function.

Calculate the number of inventory days outstanding for ovhs : Calculate the number of inventory days outstanding for OVHS.

Determine the most likely threats faced : Ships in transit face threats throughout their voyages, whether from natural events or manmade incidents. Assess the security of ships in transit.

Leader of a team of retail associates : Imagine that you are the leader of a team of retail associates at a sports equipment store.

Identify the major organizational resources : Identify the major organizational resources needed to accomplish the mission and vision. Identify strategies to effectively manage resources to fulfill.

Key to developing an effective sales force : Respond to the following question: Is the key to developing an effective sales force selection or training? Explain your choice.

User Account

All Pages