Business, 26.06.2020 16:01 vlactawhalm29

QT, Inc. and Elppa Computers, Inc. compete with each other in the personal computer market. QT assembles computers to customer orders, building and delivering a computer within four days of a customer entering an order online. Elppa, on the other hand, builds computers for inventory prior to receiving an order. These computers are sold from inventory once an order is received. Selected financial information for both companies from recent financial statements follows (in millions): The reporting statement of QT Inc. and Elppa computers Inc. is shown. A table with three columns is shown. There is no heading in the first column. The second column heading is Q T and for the third column Elppa. A single rule appears below the headings. Sales for QT and Elppa are $ 56,940 and $ 120,357. Cost of goods sold for QT and Elppa are 44,754 and 92,385. Inventory, the beginning of the period for QT and Elppa are 1,382 and 6,317. Inventory, end of the period for QT and Elppa are 1,404 and 7,490. Determine for both companies (1) the inventory turnover and (2) the number of days' sales in inventory. Round to one decimal place. Answer Check Figure: QT inventory turnover, 32.1 Pencil Interpret the inventory ratios in the context of both companies' operating strategies.

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QT, Inc. and Elppa Computers, Inc. compete with each other in the personal computer market. QT assem...

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