The Following Data Were Taken from the Annual Reports of Big

question 62

Essay

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?

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Chicken Stock

A flavorful liquid prepared by simmering chicken bones, vegetables, and herbs, used as a base for soups and sauces.

Liters

A metric unit of capacity, commonly used for measuring volumes of liquid, equal to 1000 cubic centimeters or about 1.76 pints.

Organic Vanilla

Refers to vanilla products that are produced following organic farming practices without the use of synthetic pesticides, artificial fertilizers, or genetically modified organisms (GMOs).

Pints

A unit of volume used primarily in the United States and the British imperial system, equal to 16 fluid ounces or approximately 473 milliliters.