Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Find calculation ratio for the Trade Payable Turnover Days for the Kontoor Brand. I am insure of what the purchase is for the brand. However
Find calculation ratio for the "Trade Payable Turnover Days" for the Kontoor Brand.
I am insure of what the "purchase" is for the brand. However I did find some information that can be used to help solve the purchase and then hopefully help to solve the question.
H F 2021 2020 2019 41.1704 39.4052 3.2378 3.7921 80.2483 139.5584 4.394 6.3707 kontoor brand Profitability Gross profit percentage Net income percentage Return on equity Return on assets Solvency Debt-to-assets percentage (or debt-to-equity). Times interest earned, aka interest coverage ratio. Liquidity Current ratio Quick ratio Accounts receivable turnover and days Accounts Receivable Days Inventory turnover and days Trade payable turnover and days 10.7994 13.2021 N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A 1.01 N/A 2.1799 2.3183 9.066 11.1567 3.6221 3.3715 H F 2021 2020 2019 41.1704 39.4052 3.2378 3.7921 80.2483 139.5584 4.394 6.3707 kontoor brand Profitability Gross profit percentage Net income percentage Return on equity Return on assets Solvency Debt-to-assets percentage (or debt-to-equity). Times interest earned, aka interest coverage ratio. Liquidity Current ratio Quick ratio Accounts receivable turnover and days Accounts Receivable Days Inventory turnover and days Trade payable turnover and days 10.7994 13.2021 N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A 1.01 N/A 2.1799 2.3183 9.066 11.1567 3.6221 3.3715 Cost of Goods Sold in 2021: $362,735
Ending Inventory in 2021: $363 million (90.41)
Beginning Inventory in 2021: $386 million
*There inventory was declined from December of 2020 to December of 2021. The only way they're ending in beginning inventory can be tracked is through Day Sales Inventory.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started