Tuesday, January 21, 2014

Topps

TOPPS COMPANYS ANNUAL REPORT The Topps Company has been in handicraft for many years. In 2006 the union restructured the business to contract on operating profit net of direct budget items rather than contributed margin at our two business units, confectionery and fun (Edmonds, Olds, et al.., 2010, Pg. 615). The Topps Company products include, but are not express to, manduction gum, entertainment, and candy. This paper will discuss Topps storeing turnover dimension and add up solar age to make do demarcation for 2006 and 2005, if the companys management of inventory is force backting split or worse, and the constitute flow method that Topps use to accounting for their inventory. First, in come in to determine the turnover proportionality and the average days, the equation must(prenominal) be discussed. The first flavor in calculating the average figure of speech of days it counters to sell inventory is to compute the inventory turnover, as follo ws: ( Cost of goods sell/ Inventory). The result of this computation is the publication of times the balance in the Inventory account is morose over (sold) each year. To more than than easily interpret the inventory turnover ratio, analysts often take a further step and determine the average number of days to sell inventory (also called the average days in inventory), computed as (365/ Inventory turnover) (Edmonds, Olds, et al.., 2010, Pg.
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169). The higher(prenominal) the amount is better for the company. For 2006 this would be $198,054/$36,781 and for 2005 this would be $189,200/$32,936. In 2006, Topps c ompany had a turnover ratio of 5.38, compare! d to 5.74 in 2005. The average day to sell the inventory for 2006 was 67.84 and 63.59 for 2005. With these statistics it took the Topps Company most four more days to sell their products in 2006 compared to 2005. This except proves that Topps had a more productive year in 2005 compared to 2006. harmonise to the number of days and the products that were sold in both years. It would be to say the least(prenominal) that the companys management of inventory is...If you postulate to get a full essay, order it on our website: BestEssayCheap.com

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