Inventory Ratio Calculations Sanchez, LTD. provided the following data for 2016 and 2017: Inventory December 31, 2015 $ 352,000 December 31, 2016 555,000 December 31, 2017 388,000 Cost of goods sold 2016 $ 1,172,000 2017 1,258,000 Gross margin 2016 $ 512,000 2017 574,000 Do not round until your final answers. Round all calculations to two decimal places. (a) Calculate the inventory turnover ratio for 2016 and 2017. 2016 Answer times 2017 Answer times (b) Calculate the gross margin return on inventory investment for 2016 and 2017. 2016 Answer

whole quiz

1. the sum of all activities involved in getting high-quality products into the marketplace

2.operations

3. the principle of looking at the supply chain as a whole in order to improve the overall flow through the system.

4. produced; performed

5. activities producing tangible products, such as radios, newspapers, buses, and textbooks.

6. activities producing intangible and tangible products, such as entertainment, transportation, and education.

7.   customer focus

8. analyzing a competitor's products to identify desirable improvements

9. the systematic direction and control of the processes that transform resources into finished projects that create value for and provide benefits to consumers.

10. operation management.

your welcome leave a rate and a < 3

anjan should should report alteast 5000 on the first apyment and 10,000 each year

explanation:

answer; break-even analysis;