The following data were taken from the annual reports of Big Bang Inc.,a manufacturer of fireworks,and Orange Inc.,a manufacturer of computers.
$\begin{array}{|l|r|r|}
\hline & {\text { Big Bang, Inc. }} & {\text { Orange, Inc. }} \
\hline \text { Cost of merchandise sold } & \$ 830,000 & \$ 11,540,000 \
\hline \text { Inventory, end of year } & 190,000 & 320,000 \
\hline \text { Inventory, beginning of year } & 240,000 & 290,000 \
\hline
\end{array}$ a Determine the 1 inventory turnover and 2 number of days' sales in inventory for Big Bang and Orange.Round your answers to two decimal places.
b How would you expect these measures to compare between the companies? Why?

Question

The following data were taken from the annual reports of Big Bang Inc.,a manufacturer of fireworks,and Orange Inc.,a manufacturer of computers.
 $\begin{array}{|l|r|r|}
\hline & {\text { Big Bang, Inc. }} & {\text { Orange, Inc. }} \
\hline \text { Cost of merchandise sold } & \$ 830,000 & \$ 11,540,000 \
\hline \text { Inventory, end of year } & 190,000 & 320,000 \
\hline \text { Inventory, beginning of year } & 240,000 & 290,000 \
\hline
\end{array}$ a Determine the 1 inventory turnover and 2 number of days' sales in inventory for Big Bang and Orange.Round your answers to two decimal places.
b How would you expect these measures to compare between the companies? Why?

Quizplus · Accepted Answer

The Answer of The following data were taken from the annual reports of Big Bang Inc.,a manufacturer of fireworks,and Orange Inc.,a manufacturer of computers.
 $\begin{array}{|l|r|r|}
\hline & {\text { Big Bang, Inc. }} & {\text { Orange, Inc. }} \
\hline \text { Cost of merchandise sold } & \$ 830,000 & \$ 11,540,000 \
\hline \text { Inventory, end of year } & 190,000 & 320,000 \
\hline \text { Inventory, beginning of year } & 240,000 & 290,000 \
\hline
\end{array}$ a Determine the 1 inventory turnover and 2 number of days' sales in inventory for Big Bang and Orange.Round your answers to two decimal places.
b How would you expect these measures to compare between the companies? Why?

The Following Data Were Taken from the Annual Reports of Big