Why is the inventory balance so small compared to the other current asset balances? What competitive advantage does Dell derive from its low inventory levels?

Please read this announcement about homework guidelines.

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I'll give you a few things to think about, but you should be able to expand on these:

Dell has a build-to-order philosophy.

They sell directly to consumers, leaving about middlemen and retail stores.

Think about obsolescence, storage costs, and any other cost you can associate with carrying a large inventory.

You need to think about what inventory is and inventory turnover.