Flint corporation sells a snowboard l, EZslide, that is popular with snowboard enthusiasts. Below
com.courses/35504/assignments/3714931 View Policies Show Attempt History Current Attempt in Progress Suppose this information (in millions) is available for the Automotive and Other Operations Divisions of General Motors Corporation for a ree General Motors uses the LIFO inventory method Beginning inventory $14322 Ending Inventory 15.198 UFO reserve 1,524 Current assets 59.436 Current liabilities 76.200 Cost of goods sold 163,836 Sales revenue 175.531 Your answer is incorrect. Calculate the inventory turnover and days in inventory (Round answers to decimal place 51) The inventory turnover Days inventory x Your answer is incorrect Na W uns 3/14931 Calculate the inventory turnover and days in inventory. (Round answers to 1 decimal place, eg. 5.1.) The inventory turnover times Days in inventory days X Your answer is incorrect. Calculate the current ratio based on inventory as reported using LIFO. (Round answer to 2 decimal places, eg: 5.12.) The current ratio based on Inventory using LIFO x Your answer is incorrect. Calculate the current ratio after adjusting for the LIFO reserve (Round answer to 2 decimal places, s512) The current ratio after adjusting for the LIFO reserve Save for Later Last saved 10 minutes ago Attempts unlimited Submit Answer com.courses/35504/assignments/3714931 View Policies Show Attempt History Current Attempt in Progress Suppose this information (in millions) is available for the Automotive and Other Operations Divisions of General Motors Corporation for a ree General Motors uses the LIFO inventory method Beginning inventory $14322 Ending Inventory 15.198 UFO reserve 1,524 Current assets 59.436 Current liabilities 76.200 Cost of goods sold 163,836 Sales revenue 175.531 Your answer is incorrect. Calculate the inventory turnover and days in inventory (Round answers to decimal place 51) The inventory turnover Days inventory x Your answer is incorrect Na W uns 3/14931 Calculate the inventory turnover and days in inventory. (Round answers to 1 decimal place, eg. 5.1.) The inventory turnover times Days in inventory days X Your answer is incorrect. Calculate the current ratio based on inventory as reported using LIFO. (Round answer to 2 decimal places, eg: 5.12.) The current ratio based on Inventory using LIFO x Your answer is incorrect. Calculate the current ratio after adjusting for the LIFO reserve (Round answer to 2 decimal places, s512) The current ratio after adjusting for the LIFO reserve Save for Later Last saved 10 minutes ago Attempts unlimited Submit