Topps Company Annual Report
Topps Company, Incorporation Annual Report
" Founded in 1938, The Topps Company, Inc. is the preeminent creator and brand marketer of sports cards, entertainment products, and distinctive confectionery. Topps leading sports and entertainment products include Major League Baseball, National Football League, and also other trading playing cards, sticker project collections, and collectible game titles. The Company's leading confectionery brands include " Ring Take, вЂќ " Push Appear, вЂќ " BazookaвЂќ bubble gum and " Juicy Drop PopвЂќ products. In October 12, 2007, Topps was acquired and taken private by simply Michael Eisner's Tornante Business and Madison Dearborn Companions. вЂќ (The Topps Organization, 2012). In this paper, the topic will concentrate on inventory yield ratio, provider's inventory managing and which will method was used to take into account their products on hand. These specifics and figures will be accumulated from Topps Company's total annual report in Appendix B.
Inventory yield ratio is defined as the ratio of expense of goods sold divided by simply inventory (Edmonds, et approach., 2007). That measures the number of times an organization sells its inventory through their monetary year. To compute the turnover rate for 06\ and june 2006 we is going to take the Cost of Goods Sold as well as Inventory sama dengan Inventory Proceeds Ratio: 198, 054 / 34, 844 = a few. 68 occasions. Inv. Yield Ratio 06\
189, two hundred / 32, 973 = 5. seventy four times. Inv. Turnover Rate 2005
To compute the average number of days to market inventory in 2006 and 2005 we will use: Average Products on hand = (Beginning Inventory + Ending Inventory) / 2 (36, 751 + thirty-two, 936) / 2 sama dengan 34, 844 Avg. Inv. 2006
(32, 936 & 33, 009) / two = thirty-two, 973 Avg. Inv. 2005
To figure out the number of times to sell products on hand in 2006 and 2005 we will use 365 / Yield Ratio = Avg. Times to sell inventory:
365 / 5. 68 = 64. dua puluh enam Days 2006
365 as well as 5. seventy four = 63. 59 Times 2005
In 2006, The Topps Company, Inc. had a proceeds ratio of 5. 32, compared to your five. 74 in 2005. The standard inventory in 2006 was 34, 844 when compared with 32, 973 in 2006. The average times to sell inventory was...
Sources: Edmonds, To, Olds, S, McNair, Farreneheit, Tsay, W (2007). Study of Accounting. (Ashford
University Custom made Edition). United States: McGraw-Hill.
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