Endot has an Inventory Turnover Ratio of 5X. For the industry that Endot competes in, the average Inventory Turnover ratio is 4.5X. What can be said about Endot? a. Since Endot’s Inventory turnover ratio is lower than the industry, Endot uses its inventory more efficiently. b. Since Endot’s Inventory Turnover ratio is higher than the industry, Endot uses its inventory more effiently. c. Since Endot’s Inventory Turnover ratio is lower than the industry, Endot uses its inventory less efficiently. d. Since Endot’s Inventory Turnover ratio is higher than the industry, Endot uses its inventory less efficiently e. It is impossible to make a determination because we do not know Endot’s inventory made up between raw materials, work in process and finished goods.

Companies in the u.s. car rental market vary greatly in terms of the size of the fleet, the number of locations, and annual revenue. in 2011 hertz had 320,000 cars in service and annual revenue of approximately $4.2 billion. the following data show the number of cars in service (1000s) and the annual revenue ($ millions) for six smaller car rental companies (auto rental news website, august 7, 2012). excel file: data14-09.xls if required, enter negative values as negative numbers. a. select a scatter diagram with the number of cars in service as the independent variable. b. what does the scatter diagram developed in part (a) indicate about the relationship between the two variables? c. use the least squares method to develop the estimated regression equation (to 3 decimals). ŷ = + x d. for every additional car placed in service, estimate how much annual revenue will change. by $ e. fox rent a car has 11,000 cars in service. use the estimated regression equation developed in part (c) to predict annual revenue for fox rent a car. round your answer to nearest whole value. $ million hide feedback partially correct