You select a 3rd company for 2019 or 2020
Using Excel, develop a spreadsheet detailing their; Annual Cost of Goods Sold $, Inventory Level $, and then calculate their Inventory Holding $ (use 25% of their inventory level $) and their Inventory Turnover Ratio. Cost of Goods Sold $ can be found on the Income Statement and Inventory $ can be found on the Balance Sheet. The Inventory holding cost and Turnover Ratio calculations must be performed in Excel using a formula. Format your spreadsheet to look professional.
BE SURE TO INCLUDE ALL 000’S IN YOUR NUMBERS. OFTEN THE ANNUAL REPORT WILL LIST VALUES IN THOUSANDS OR MILLIONS. Then in a ONE PAGE EXECUTIVE SUMMARY (double spaced, Times New Roman, 12 pt font), report the amount of money each company is currently holding in Inventory (that is your Inventory Level value) and how much they spent on inventory during an entire year (that is your Cost of Goods Sold value). Briefly explain why Supply Chain jobs are so important to companies related to the amount of money the companies have invented in inventory.