Question
Alphabet Inc. is evaluating its inventory management for the quarter ending December 31, 20X9. The following data is provided: Cost of Goods Sold (COGS):
Alphabet Inc. is evaluating its inventory management for the quarter ending December 31,
20X9. The following data is provided:
● Cost of Goods Sold (COGS): $40,000,000
● Beginning Inventory: $8,000,000
● Ending Inventory: [Calculation 3]
● Average Inventory Turnover: [Calculation 4]
Calculate the following:
a) Ending Inventory b) Inventory Turnover Ratio c) Days Sales of Inventory (DSI) d) Gross Profit
Percentage
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Corporate Financial Accounting
Authors: Carl S. Warren, James M. Reeve, Jonathan E. Duchac
12th edition
1305041399, 1285078586, 978-1-133-9524, 9781133952428, 978-1305041394, 9781285078588, 1-133-95241-0, 978-1133952411
