Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

6. Using the most recent adjusted data from the Business Inventory Report determine the following: a. What is the dollar value of sales and inventories?

image text in transcribed
image text in transcribed
image text in transcribed
6. Using the most recent adjusted data from the Business Inventory Report determine the following: a. What is the dollar value of sales and inventories? b. What percentage of sales do inventories account for? c. From the prior month, did inventories increase or decrease as a percentage of sales and by what percentage? d. Determine the ratio of inventories to sales for retailers and manufacturers and explain any difference? e. From the prior month, did manufacturing inventory-sales ratios rise or fall and this a positive or negative signal for the sector? Inventory 1390000 1280000 1070000 1,600,000 1,400,000 1,200,000 1,000,000 800,000 600,000 400,000 200,000 0 Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Novr Dec p 2019 2020 2020 2020 2020 2020 2020 2020 2020 2020 2020 2020 2020 57.000 43500 500 $8.500 48 Jun1 Aug 17 Od 17 18 M16 Art Report on Business Mentory Change Index 6. Using the most recent adjusted data from the Business Inventory Report determine the following: a. What is the dollar value of sales and inventories? b. What percentage of sales do inventories account for? c. From the prior month, did inventories increase or decrease as a percentage of sales and by what percentage? d. Determine the ratio of inventories to sales for retailers and manufacturers and explain any difference? e. From the prior month, did manufacturing inventory-sales ratios rise or fall and this a positive or negative signal for the sector? Inventory 1390000 1280000 1070000 1,600,000 1,400,000 1,200,000 1,000,000 800,000 600,000 400,000 200,000 0 Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Novr Dec p 2019 2020 2020 2020 2020 2020 2020 2020 2020 2020 2020 2020 2020 57.000 43500 500 $8.500 48 Jun1 Aug 17 Od 17 18 M16 Art Report on Business Mentory Change Index

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Financial Accounting A Decision Making Approach

Authors: Thomas E. King, Valdean C. Lembke, John H. Smith

2nd Edition

0471328235, 978-0471328230

More Books

Students also viewed these Accounting questions