CBA 2 Financial Performance - Task 7 - Inventory holding days
Options
rpinsent
Registered Posts: 3
This may seem like a simple question however, I can't get it!!
Task 7 on CBA 2 (AQ 2013)
Question is, work out inventory holding days for 2 scenarios, information given:
Scenario 1 Scenario 2
Sales Vol 120,000 150,000
Revenue 1,680,000 1,800,000
Gross Profit 600,000 450,000
Profit from ops 275,000 200,000
Net Assets 2,298,400 2,100,340
Inventory 147,950 167,500
I have already worked out:
Scenario 1 Scenario 2
Return on net assets 11.96 9.52
Sales price per unit 14 12
Full production cost per unit 9 9
Without COS I'm lost and I haven't got anyone else to ask so, any guidance would be appreciated!
Task 7 on CBA 2 (AQ 2013)
Question is, work out inventory holding days for 2 scenarios, information given:
Scenario 1 Scenario 2
Sales Vol 120,000 150,000
Revenue 1,680,000 1,800,000
Gross Profit 600,000 450,000
Profit from ops 275,000 200,000
Net Assets 2,298,400 2,100,340
Inventory 147,950 167,500
I have already worked out:
Scenario 1 Scenario 2
Return on net assets 11.96 9.52
Sales price per unit 14 12
Full production cost per unit 9 9
Without COS I'm lost and I haven't got anyone else to ask so, any guidance would be appreciated!
0
Comments
-
You can calculate the cost of sales.
Revenue less gross profit = cost of sales
By the look of your full production cost per unit, I think you have already worked this out.Sandy
sandy@sandyhood.com
www.sandyhood.com0 -
Scenario 1
Inventory £147,950
Cost of Sales £1,080,000
I reckon 50 days
Sandy
sandy@sandyhood.com
www.sandyhood.com1 -
Yes 50 days0
-
Thank you so much Sandyhood - I wouldn't have been able to get it even though I do feel a bit silly now as, it's quite simple!!0
Categories
- All Categories
- 1.2K Books to buy and sell
- 2.3K General discussion
- 12.4K For AAT students
- 267 NEW! Qualifications 2022
- 145 General Qualifications 2022 discussion
- 9 AAT Level 2 Certificate in Accounting
- 46 AAT Level 3 Diploma in Accounting
- 67 AAT Level 4 Diploma in Professional Accounting
- 8.8K For accounting professionals
- 23 coronavirus (Covid-19)
- 269 VAT
- 90 Software
- 271 Tax
- 133 Bookkeeping
- 7.1K General accounting discussion
- 195 AAT member discussion
- 3.8K For everyone
- 38 AAT news and announcements
- 345 Feedback for AAT
- 2.8K Chat and off-topic discussion
- 578 Job postings
- 16 Who can benefit from AAT?
- 35 Where can AAT take me?
- 42 Getting started with AAT
- 26 Finding an AAT training provider
- 48 Distance learning and other ways to study AAT
- 25 Apprenticeships
- 66 AAT membership