Assessment Quizzes

Business Math Boot Camp II Quiz

Did you score a 5 or 6 on the Business Math Boot Camp I quiz? Are you ready for more advanced metrics?

These six Business Math Boot Camp II Business Management Questions (BMQs™) reflect the types of everyday issues you face in the CPG/FMCG industry. They illustrate how business metrics can empower you to make better decisions and achieve your objectives.

Please answer as many questions as you can in 15 minutes. To obtain an accurate assessment of your math knowledge, we encourage you to complete this quiz without aids such as formula sheets, business calculators, or Excel spreadsheets, and without any assistance from coworkers.

Please use the proper symbol that is appropriate for your answer - $, % etc.

Question 1:

Each Jim Croce Spice Store sells $1,500 per year of Thyme in a Bottle at an average retail price of $2.97. If the shelf holds 48 units, how many days of stock does it hold?
Question 2:

Popeye carries eight SKUs of olive oil that take up a total of four square feet of shelf space. Each SKU has a gross margin of 40% and carries $100 in average inventory. If total annual sales are $2,000, what is the GMROS?
Question 3:

Last year, your dollar sales were $26.3MM, with $18.3MM in cost of goods sold and an average total inventory of $2.0MM spread across your 13 items. What was your GMROII?
Question 4:

What is the compound annual growth rate if 2004 sales were $377,007 and 2008 sales were $615,516?
Question 5:

What is your ACV-weighted distribution if 185 stores with cumulative sales of $416MM sell a total of $3.62MM of your product, and 815 stores with cumulative sales of $1,432MM do not sell your product?
Question 6:

You have 28% ACV in the Seattle market. You sold $37,746 of umbrellas, and the rest of the market sold $145,487. What is the dollar value of your negative opportunity gap in umbrellas?

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