Dover Industries, Inc., is a major supplier of components to Ford Motor Company. In a recently completed year, Dover Industries, Inc., reported the following (all amounts are in millions):
Required:
a. Compute the company's days of inventory on hand.
b. Based on your answer to part (a), does Dover Industries appear to emphasize responsiveness or efficiency in managing its supply chain?

Question

Dover Industries, Inc., is a major supplier of components to Ford Motor Company. In a recently completed year, Dover Industries, Inc., reported the following (all amounts are in millions):
  Required: 
a. Compute the company's days of inventory on hand.
b. Based on your answer to part (a), does Dover Industries appear to emphasize responsiveness or efficiency in managing its supply chain?

Quizplus · Accepted Answer

The Answer of Dover Industries, Inc., is a major supplier of components to Ford Motor Company. In a recently completed year, Dover Industries, Inc., reported the following (all amounts are in millions):
  Required: 
a. Compute the company's days of inventory on hand.
b. Based on your answer to part (a), does Dover Industries appear to emphasize responsiveness or efficiency in managing its supply chain?