# 2023 Investment banks like Merrill Lynch or Goldman Sachs Problem 4 17 Inventory Turnover

CONNECT – BUS 530 . EXAM 1 GUIDE – LATEST 2014 2023 Business & Finance

2023 Investment banks like Merrill Lynch or Goldman Sachs Problem 4 17 Inventory Turnover

Investment banks like Merrill Lynch or Goldman Sachs:

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Problem 4-17 Inventory Turnover (LO3)

 Assume a firm’s inventory level of \$18,000 represents 24 days’ sales. What is the inventory turnover ratio?(Use 365 days in a year. Do not round intermediate calculations. Round your answer to 2 decimal places.)

 Inventory turnover ratio [removed] times per year Salad Daze maintains an inventory of produce worth \$380. Its total bill for produce over the course of the year was \$71,000. How old on average is the lettuce it serves its customers? (Use 365 days in a year. Do not round intermediate calculations. Round your answer to 2 decimal places.)

 Average days [removed]

Problem 4-20 Du Pont Analysis (LO4)

 Torrid Romance Publishers has total receivables of \$3,180, which represents 20 days’ sales. Total assets are \$77,380. The firm’s operating profit margin is 6.2%. Find the firm’s asset turnover ratio and ROA. (Use 365 days in a year. Do not round intermediate calculations. Round your answers to 2 decimal places.)

 Asset turnover ratio [removed] ROA [removed] %

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