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1) Examine the inventory account/COGS as well as related notes. How about the accounting policy/method? What conclusions can you draw about the gross profit of

1) Examine the inventory account/COGS as well as related notes. How about the accounting policy/method? What conclusions can you draw about the gross profit of the company and its inventory management?

Gross profit(unit : million)-> 2015 3,666,042

2015

2014

Average

Inventory

23,385

27,111

25,248

COGS

165,404

195,739

Inventory Turnover (COGS / Ave Inventory)

707%

Inventory holding period

51.62

2) Examine the PP&E/ Accumulated Depreciation and Depreciation Expense accounts as well as related notes. What can you learn about the depreciation method and assumptions? What conclusions can you draw about the companys management of fixed assets?

the amount is as follows, what should I consider and write down..?

PP&E

Accumulated Depreciation

Depreciation Expense account

2015

8,867,209

8,339,807

1,215,598

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