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Dog-Ann is a pet supplies company serving in Midwest. It sells pet supplies and provides pet grooming and training services. Table 1 shows the income statement of Dog-Ann for the previous year.
Sales
$250,000
Cost of Goods
$150,000
Fixed Assets
$105,000
Variable Expenses
$25,000
Fixed Expenses
$35,000
Inventory
$10,000
Accounts Receivable
$5,000
Other Current Assets
$5,000
*** Develop the strategic profit model of this organization and draw the diagram. ***
What is the firm’s profit margin?
What is the firm’s ROA
Suppose the firm undertakes a supply chain improvement project. It improves its service level to customers by opening more warehouses which means it will be able to deliver more quickly to customers. The result is a 10% increase in sales. Assume cost of goods sold increases by 6%. The new warehouse requires additional new asset investment of $40,000. Fixed expenses increase by $1,000 because of the expense of operating the warehouses. Assume other variables do not change. Answer the following three questions based on this information.
c) Show the new strategic profit model.
d) What is the new asset turnover?
e) What is the firm’s new return on assets?
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Sales
$250,000
Cost of Goods
$150,000
Fixed Assets
$105,000
Variable Expenses
$25,000
Fixed Expenses
$35,000
Inventory
$10,000
Accounts Receivable
$5,000
Other Current Assets
$5,000
Explanation / Answer
) Lets calculate slack per operation of each job first
Slack per operation = (Due date - Total remaining time) / Total remaining operations
Job Total remaining time Due date Total remaining operations Slack per operation
A 6 11 2 2.5
B 9 13 2 2
C 4 6 3 0.66
D 7 10 3 1
E 7 12 3 1.67
F 3 6 1 3
As per the Slack per operation scheduling rule, Lesser the slack per operation, higher the priority.
So in the ascending order of slack per operation, the scheduling order of jobs would be C-D-E-B-A-F
b. To find the mean lateness, refer to the below table. To calculate lateness, we start the operations in the order found above and calculate how delayed every operation is with respect to the due date.
Lateness = Due date - (Start time +Processing time)
The (start time + processing time) of preceding activity would be the start time of following activity
Mean lateness = Total lateness / Number of operations
Sequence Start Time Processing time Due time Lateness
C 0 4 6 -2
D 4 7 10 1
E 11 7 12 6
B 18 9 13 14
A 27 6 11 22
F 33 3 6 30
TOTAL 71
MEAN 11.833
c. To find the mean tardiness, refer to the below table. Tardiness is similar to lateness except for the fact that if lateness comes out to be negative, then tardiness is taken as zero
Tardiness = Due date - (Start time +Processing time) ; If this comes out to be negative then it should be taken as 0
The (start time + processing time) of preceding activity would be the start time of following activity
Mean tardiness = Total tardiness / Number of operations
Sequence Start Time Processing time Due time Tardiness
C 0 4 6 0
D 4 7 10 1
E 11 7 12 6
B 18 9 13 14
A 27 6 11 22
F 33 3 6 30
TOTAL 73
MEAN 12.167
d. As per the scheduling rule used in question a, the average number of jobs in the system at a point of time would be one
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