Cutting Edge Technologies Reported the Following Information in Its 2016

question 12

Essay

Cutting Edge Technologies reported the following information in its 2016 annual report: Required:
1. Determine the inventory turnover ratio. (Round your answer to two decimal places.)
2. Determine the average days to sell inventory. (Round your answer to a whole number.)
3. Explain the meaning of each ratio.

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Definitions:

Supply Chain Visibility

The ability of a company to track and understand the status of its products throughout the supply chain, from raw materials to final delivery.

Performance Dimensions

Various metrics and criteria used to evaluate and measure the effectiveness, efficiency, and quality of operations within an organization or system.

Supply Chain Design

The strategic process of defining the structure and operation of the supply chain, aiming to optimize its efficiency and effectiveness in meeting customer demands.

Significant Investments

Large or important expenditures of capital in assets, projects, or securities expected to generate future benefits.