Business, 06.05.2020 02:34 kevinkingpin

Happy Valley Homecare Suppliers, Incorporated (HVHS), had $ 12.2 million in sales in 2010. Its cost of goods sold was $ 4.88 million, and its average inventory balance was $ 1.67 million. a. Calculate the average number of days inventory outstanding ratios for HVHS. b. The average number of inventory days in the industry is 73 days. By how much must HVHS reduce its investment in inventory to improve its inventory days to meet the industry? (Hint: Use a 365-day year.) a. Calculate the number of days inventory outstanding ratios for HVHS. The number of inventory days outstanding is 124.91 124.91 days. (Round to two demical places.) b. The average number of inventory days in the industry is 73 days. By how much must HVHS reduce its investment in inventory to improve its inventory days to meet the industry? To match the industry average number of inventory days, HVHS would reduce its inventory by $ nothing million.

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Happy Valley Homecare Suppliers, Incorporated (HVHS), had $ 12.2 million in sales in 2010. Its cost...