Using Inventory Analysis Tools AutoZone and O'Reilly are two competitors in the retail automotive parts industry. AutoZone O'Reilly Average 2015 Inventory $3,290,867 $2,602,901 2015 Sales 10,265,117 8,044,451 2015 Cost of goods sold 4,860,309 3,804,031 Average 2014 Inventory $3,010,556 $2,474,917 2014 Sales 9,553,090 7,293,858 2014 Cost of goods sold 4,540,406 3,507,180 Use the information above to compute the companies' gross profit margin and days inventory outstanding for both years. Round answers to one decimal place (ex: 0.2345 = 23.5%). Gross Profit Margin AutoZone O'Reilly 2015 2014 Round to answers to one decimal place. Days Inventory Outstanding O'Reilly AutoZone 2015 2014
Using Inventory Analysis Tools AutoZone and O'Reilly are two competitors in the retail automotive parts industry. AutoZone O'Reilly Average 2015 Inventory $3,290,867 $2,602,901 2015 Sales 10,265,117 8,044,451 2015 Cost of goods sold 4,860,309 3,804,031 Average 2014 Inventory $3,010,556 $2,474,917 2014 Sales 9,553,090 7,293,858 2014 Cost of goods sold 4,540,406 3,507,180 Use the information above to compute the companies' gross profit margin and days inventory outstanding for both years. Round answers to one decimal place (ex: 0.2345 = 23.5%). Gross Profit Margin AutoZone O'Reilly 2015 2014 Round to answers to one decimal place. Days Inventory Outstanding O'Reilly AutoZone 2015 2014
Managerial Accounting
15th Edition
ISBN:9781337912020
Author:Carl Warren, Ph.d. Cma William B. Tayler
Publisher:Carl Warren, Ph.d. Cma William B. Tayler
Chapter16: Financial Statement Analysis
Section: Chapter Questions
Problem 12E
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