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Answer all for five stars. The 2020 financial statements of Sunland Company reported a beginning inventory of $86000, an ending inventory of $126000, and cost
Answer all for five stars.
The 2020 financial statements of Sunland Company reported a beginning inventory of $86000, an ending inventory of $126000, and cost of goods sold of $795000 for the year. Sunland's inventory turnover for 2020 is 9.2 times. 6.3 times. 7.5 times. O 5.3 times. Ivanhoe Inc. reported inventory at the beginning of the current year of $380000 and at the end of the current year of $431000. If net sales for the current year are $4529200 and the corresponding cost of sales totaled $3406200, what is the inventory turnover for the current year? O 11.17. O 8.40. O 10.51. O 7.90. At the end of the fiscal year, Apha Airlines has an outstanding non-cancellable purchase commitment for the purchase of 1 million gallons of jet fuel at a price of $4.10 per gallon for delivery during the coming summer. The company prices its inventory at the lower of cost or market. If the market price for jet fuel at the end of the year is $4.50, how would this situation be reflected in the annual financial statements? Only disclose the existence of the purchase commitment. No impact. Record unrealized losses of $400,000 and disclose the existence of the purchase commitment. Record unrealized gains of $400,000 and disclose the existence of the purchase commitment. Which of the following tables would show the smallest value for an interest rate of 5% for four periods? Present value of an ordinary annuity of 1 O Future value of an ordinary annuity of 1 Present value of 1 O Future value of 1Step by Step Solution
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