Go to Connect online for the financial statements of Cadbury plc. 1. How much inventory does the

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Go to Connect online for the financial statements of Cadbury plc.

1. How much inventory does the company own at the end of the current year?

2. Estimate the amount of inventory that the company purchased and produced during the current year. (Hint: Use the cost of sales equation.)

3. What method does the company use to determine the cost of its inventory?

4. Compute the inventory turnover ratio for the current year. What does an inventory turnover ratio tell you?

5. What was the change in inventory? How did it affect net cash provided by operating activities for the current year?

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Financial Accounting

ISBN: 9780070001497

4th Canadian Edition

Authors: Patricia A. Libby, Daniel Short, George Kanaan, Maureen Libby Gowing, Robert Libby

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