Last Year Sales $208,000 $221,000 Cost of goods sold 106,000 116,000 Gross margin 102,000 105,000 Other expenses 49,000 49,000 Net income 53,000 56,000 Finished goods inventory 2,700 5,000 Work-in-process inventory 11,000 8,000 Raw material inventory 5,500 7,000 Total inventory (average for year) 19,200 20,000 Other current assets 93,000 109,000 Other assets 210,000 249,000 Total assets 322,200 378,000 ^THIS YEAR The plant manager, Murat Kristal, at York Technologies makes Aircraft Navigation Systems. He expects you, as the new OM analyst, to provide some insight for performance of the plant. High on his list is an understanding of his inventory turnover based on the financial data provided below. Based on the data, you have been asked to determine the following values. (A) The company's percentage of assets committed to inventory this year is?(round your response to two decimal places).

Last Year Sales $208,000 $221,000 Cost of goods sold 106,000 116,000 Gross margin 102,000 105,000 Other expenses 49,000 49,000 Net income 53,000 56,000 Finished goods inventory 2,700 5,000 Work-in-process inventory 11,000 8,000 Raw material inventory 5,500 7,000 Total inventory (average for year) 19,200 20,000 Other current assets 93,000 109,000 Other assets 210,000 249,000 Total assets 322,200 378,000 ^THIS YEAR The plant manager, Murat Kristal, at York Technologies makes Aircraft Navigation Systems. He expects you, as the new OM analyst, to provide some insight for performance of the plant. High on his list is an understanding of his inventory turnover based on the financial data provided below. Based on the data, you have been asked to determine the following values. (A) The company's percentage of assets committed to inventory this year is?(round your response to two decimal places).

Marketing

20th Edition

ISBN:9780357033791

Author:Pride, William M

Publisher:Pride, William M

Chapter19: Pricing Concepts

Section: Chapter Questions

Problem 6DRQ

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Last Year Sales $208,000 $221,000 Cost of goods sold 106,000 116,000 Gross margin 102,000 105,000 Other expenses 49,000 49,000 Net income 53,000 56,000 Finished goods inventory 2,700 5,000 Work-in-process inventory 11,000 8,000 Raw material inventory 5,500 7,000 Total inventory (average for year) 19,200 20,000 Other current assets 93,000 109,000 Other assets 210,000 249,000 Total assets 322,200 378,000 ^THIS YEAR The plant manager, Murat Kristal, at York Technologies makes Aircraft Navigation Systems. He expects you, as the new OM analyst, to provide some insight for performance of the plant. High on his list is an understanding of his inventory…
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Costs table: LayoffHiringInventory Totals: 36 36 55,209 Costs: $54,000 $162,000 $165,627 Cost of plan:$381,627 Planning values Starting inventory: 3,000 Starting and ending workforce: 214 Hours worked per month per hour: 240 Hours per unit: 30 Hiring cost per worker: $4,500 Layoff cost per worker: $1,500 Monthly per-unit holding cost: $3 Forecasted sales: Month Forecasted salesMarch 1,649April 1,427May 1,137June 976July 1,531August 1,976September 2,470October 2,529November 3,016December 2,910January 2,434February 1,945
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bartleby, a Learneo, Inc. business

	Last Year
Sales	$208,000	$221,000
Cost of goods sold	106,000	116,000
Gross margin	102,000	105,000
Other expenses	49,000	49,000
Net income	53,000	56,000

Finished goods inventory	2,700	5,000
Work-in-process inventory	11,000	8,000
Raw material inventory	5,500	7,000
Total inventory (average for year)	19,200	20,000
Other current assets	93,000	109,000
Other assets	210,000	249,000
Total assets	322,200	378,000