Question
Carey's Department Store had net sales of $20 million and cost of goods sold of $13 million for the year. The beginning inventory for the
Carey's Department Store had net sales of $20 million and cost of goods sold of $13 million for the year. The beginning inventory for the year was $4 million. The ending inventory for the year was $6 million. What was the days' inventory outstanding? (Round any intermediary calculations to two decimal places and your final answer to the nearest day.) A.)61 days B.)140 days C.)28 days D.)91 days If a company has sales of $150 in 2016 and $225 in 2017, the percentage change from 2016 to 2017 is 50%. True False
Zebra Company reports the following figures for the years ending December 31, 2017 and 2016:
2017 | 2016 | |
Net Sales | $62,000 | $45,000 |
Cost of Goods Sold | 41,000 | 37,000 |
Gross Profit | $21,000 | $8000 |
What are the percentage changes from 2016 to 2017 for Net Sales, Cost of Goods Sold and Gross Profit, respectively? (Round your final answers to one decimal place, X.X%) A.)100%,0.9%,0.4% B.)100%,162.5%,10.8% C.)37.8%,10.8%,162.5% D.)162.5%,37.8%,10.8% |
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