a) If the Cost of Sales for Company Z is $912,500 for the 201X year, and the
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a) If the Cost of Sales for Company Z is $912,500 for the 201X year, and the Days Inventory Held is 25. The value of the Inventory at the end of 201X is:
b) Company X reports $200,000 in sales of Widgets in 201X. The Costs of Goods sold for these Widgets is $90,000. All other operating expenses (SG&A, R&D, Depreciation, Other, etc.) are $50,000. Which of the following is the correct representation of the profitability ratios:
c) On December 31, 2017, Inventory for Company X was $30,000. On December 31, 2018 the Inventory amount was $15,000. During 2018, the change in Inventory represented:
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