assignment

Problem 14.8 ( LO3 ) Comparing Bell and Gangway Financial information for Bell and Gangway (two computer manufacturers) follows:

	Bell	Gangway
(in millions)	Year Ended 12/31/2020	Year Ended 12/31/2019	Year Ended 12/31/2020	Year Ended 12/31/2019
Sales	$61,133	$57,420	$8,922	$8,457
Cost of sales	49,462	47,904	7,316	6,951
Gross margin	$ 11,671	$ 9,516	$1,606	$1,506
Inventory	$ 1,180	$   660	$ 400	$  351

Required

1. Compare Bell and Gangway in terms of their percentage changes in sales and gross margin.

2. Compare Bell and Gangway in terms of their gross margin percentages.

3. Compare Bell and Gangway in terms of inventory turnover and days’ sales in inventory

4. In your opinion, which firm has had better financial performance? Support your answer using your calculations in parts a, b, and c.

Please note that all textbook assignments must be submitted in Excel.

Please reference this chapter and problem in your textbook. Refer to problem instructions in the textbook. Please upload your completed assignment to this page by the due date.