Unit 6 discussion response_MT433

13358Respond or elaborate on the response below:

I used the Kraft/Heinz company for this weeks discussion post and accessed the annual reports on http://fiance.yahoo.com.

Total Revenue: $25.85 billion

Cost of revenue: $16.88 billion

Total assets: $88.29 billion

Year-end-inventory: $3.38 billion

The ratios for the company are as follows:

Inventory/Total revenue= 3.38/25.85= 13.08%

Inventory/Total assets= 3.38/88.29= 3.83%

Inventory turnover ratio: Cost of revenue= 16.88/ Inventory= 3.88= 4.35 times

Overall, the Kraft/Heinz company is one of the leaders in the package food industry and are projecting record profits in the up and coming year. last year was a slow year for them with only selling and replacing its inventory 4.35 times (Wisner, 2022). With the economy still being under constraint with all of the Bureaucracy, The Kraft/Heinz company benefits from consumers dining in more than dinning out.