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Analyze and compare Monster Beverage and Brown-Forman and sells a wide variety of spirit and wine beverages, such as Jack Daniel's . The cost of
Analyze and compare Monster Beverage and Brown-Forman and sells a wide variety of spirit and wine beverages, such as Jack Daniel's . The cost of goods sold and inventory were obtained from a recent annual report for both companies as follows (in millions): a. Determine the inventory turnover for both companies. If required, round all computations to one decimal place and use in subsequent calculations. Round final answers to one decimal place. b. Determine the days' sales in inventory for both companies. Assume a 365-day year. If required, round all computations to one decimal place and in subsequent calculations. Round final answers to one decimal place. c. The difference in the inventory efficiency is mainly due to Amazon.com, Inc. (AMZN) is one of the largest Internet retailers in the world. Target Corporation (TGT) is one of the largest value-priced general provided for both companies as follows (in millions): a. Compute the inventory turnover for both companies. Round your answers to one decimal place. b. Compute the days' sales in inventory for both companies. Assume a 365-day year. If required, round all computations to one decimal place and in subsequent calculations. Round final answers to one decimal place. During the taking of its physical inventory on December 31, 20Y3, Corbin Company incorrectly counted its inventory as $227,855 instead of the correct amount of $243,805. Indicate the effect of the misstatement on Corbin's December 31, 20Y3, balance sheet or income statement for the year ended December 31 , 20Y3. For each, select if the amount is overstated or understated. Then, input the over or under amount, entered as a positive value
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