Ohio valley homecare suppliers incorporated ovhs had 14, Ask an Expert

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Ohio Valley Homecare? Suppliers, Incorporated? (OVHS) had $14 million in sales in 2009. Its cost of goods sold was $5.6 ?million, and its average inventory balance was $2.1 million.

a. Calculate the number of inventory days outstanding for OVHS. (round to nearest integer)

b. The average number of inventory days in the industry is 73 days. By how much would OVHS reduce its investment in inventory if it could improve its inventory days to meet the industry? average? (round to nearest dollar)

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92253149

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