corporal inc and admiral company compete with each other in the personal computer 381178

Corporal Inc. and Admiral Company compete with each other in the personal computer market. Corporal’s primary strategy is to assemble computers to customer orders, rather than for inventory. Thus, for example, Corporal will build and deliver a computer within four days of a customer entering an order on a Web page. Admiral, on the other hand, builds some computers prior to receiving an order, then sells from this inventory once an order is received. Below is selected financial information for both companies from a recent year’s financial statements (in millions): Corporal Inc. ,Admiral Company Corporal Inc Sales $26,280 ,Admiral Company Sales $34,800 Corporal Inc Cost of goods sold 21,900 , ,Admiral Company Cost of goods sold 32,850 Corporal Inc Inventory, beginning of period 956 ,Admiral Company Inventory, beginning of period 1,915 Corporal Inc Inventory, end of period 1,156 ,Admiral Company Inventory, end of period 2,315 a. Determine for both companies (1) the inventory turnover and (2) the number of days’ sales in inventory. Round to one decimal place. Assume 365 days a year. Inventory turnover for Corporal Inc and Admiral Company