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Aegis Industries Inc. is the biggest snowmobile manufacturer in the world. It reported the following amounts in its financial statements (in millions): 2012 2011 2010
| Aegis Industries Inc. is the biggest snowmobile manufacturer in the world. It reported the following amounts in its financial statements (in millions): |
| 2012 | 2011 | 2010 | 2009 | |||||
| Net Sales Revenue | $ | 3,400 | $ | 2,860 | $ | 2,190 | $ | 1,770 |
| Cost of Goods Sold | 2,480 | 2,100 | 1,660 | 1,370 | ||||
| Average Inventory | 340 | 290 | 230 | 220 | ||||
| Required: | |
| 1-a. | Calculate the inventory turnover ratio for 2012, 2011, and 2010 |
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Acca Paper 3.1 Audit And Assurance
Authors: N/a
1st Edition
075172680X, 978-0751726800
