financing Accounting, would appreciate some assistance /:

Save Haymitch Global Industries is a world leading producer of loudspeakers and other electronics products, which are sold under brand names like JRH, Excelsior, and Haymitch/Krug. The company reported the following amounts in its financial statements (in millions): points Net Sales Cost of Goods Sold Beginning Inventory Ending Inventory 2016 $4,500 3,400 450 57e 2015 $4,560 3,290 410 eBook Required: 1. Determine the inventory turnover ratio and average days to sell inventory for 2016 and 2015. (Use 365 days in a year. Round your intermediate and final answers to 1 decimal place.) 2016 2015 times per year times per year Inventory Turnover Ratio Days to Sell days Gladstone Company tracks the number of units purchased and sold throughout each accounting period but applies its inventory costing method at the time of each sale, as if it uses a perpetual inventory system. Assume its accounting records provided the following information at the end of the annual accounting period, December 31. Units 2,250 Unit Cost $50 eBook Transactions Beginning inventory, January 1 Transactions during the year: a. Purchase, January 30 b. Sale, March 14 ($100 each) c. Purchase, May 1 d. Sale, August 31 (5100 each) 62 Print 2,950 (1,540) 1,290 (2.350) 80 1. Calculate the cost of goods sold and ending inventory for Gladstone Company assuming it applies the LIFO cost method perpetually at the time of each sale. Cost of Goods Sold Ending Inventory Homework (Algo) Saved Help Partial income statements for Sherwood Company summarized for a four-year period show the following: Net Sales Cost of Goods Sold Gross Profit 2015 $1,700,000 1,241,000 $ 459,000 2016 $2,100,000 1,512,000 $ 588,000 2017 $2,200,000 1,628,000 $ 572,000 2018 $2,700,000 1,971,000 $ 729,000 An audit revealed that in determining these amounts, the ending inventory for 2016 was overstated by $17,000. The inventory balance on December 31, 2017, was accurately stated. The company uses a periodic inventory system, Required: 1. Restate the partial income statements to reflect the correct amounts, after fixing the inventory error 2-a. Compute the gross profit percentage for each year (a) before the correction and (b) after the correction. 2-b. Does the pattern of gross profit percentages lend confidence to your corrected amounts? Complete this question by entering your answers in the tabs below. Reg 1 Reg 2A Req 28 Restate the partial income statements to reflect the correct amounts, after fixing the inventory error SHERWOOD COMPANY Income Statements (Corrected) 2015 2016 2017 2018 Cost of Goods Sold Gross Profit Reg 2 >