The following are summary financial data of the three most recent years for Birch company:
Using the data above compute the following ratios for 2013 and 2012:
Definitions:
Optimal Order Size
The quantity of inventory that minimizes the total costs associated with ordering and holding inventory, often calculated using the Economic Order Quantity model.
Annual Inventory Cost
The total costs associated with holding and managing inventory over a year, including costs related to storage, insurance, and obsolescence.
Average Inventory
The mean value of an entity's inventory over a certain period of time, used in business to help manage stock levels effectively.
Storage Cost
Expenses associated with storing goods or inventory, including warehouse rent, utilities, and handling charges.
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