How do jay it expenditures compare to the industry averages

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Reference no: EM13762321

EXCEL APPLICATION: IT Benchmarks

Jay's Bikes is a family-owned and -operated business that stocks a wide range of bikes designed to fit the needs of professional riders, your child's first bike, and everything in between. The business has 12 full-time employees. Jay has asked you to create a spreadsheet from the data in Figure 2-19 to calculate average IT spending so that it can be compared to the retail industry average. What is the average IT spending in the retail industry? What is the average IT spending per employee in the retail industry? How do Jay's IT expenditures compare to the industry averages? How much would Jay need to increase spending in order to match the retail industry average?

Jay's Bikes Revenue and IT expenditures.

 

A

B

C

1

Revenue

Apparel & shoes

$ 1,250,000

2

 

Bike accessories

$         550,000

3

 

New bikes

2,650,000

4

 

Used bikes

$           18,500

S

 

Bike repairs

$           33,000

6

 

 

 

7

IT expenditures

Hardware

$           15,000

8

 

Software updates

18,000

9

 

Software licenses

$             4,500

10

 

Software support

4,500

11

 

Employee training

$             5,000

12

 

Website development

$             5,000

13

 

Internet access

$             1,200

Reference no: EM13762321

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