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Hello experts! I need help computing total inventory as a percentage of total assets using the balance sheet data I provided below. I also need
Hello experts! I need help computing total inventory as a percentage of total assets using the balance sheet data I provided below. I also need help computing the inventory turn over for finished goods. (Please show steps and work so I can see how to do this for future reference) Thanks you!! 2020 Consolidated Balance Sheets (in millions of dollars, except share data) at December 31, Assets Cash and cash equivalents Trade receivables (less allowances of $23 in 2020 and $20 in 2019) Other receivables (less allowances of 83% in 2020 and $35 in 2019) Inventories: Leaf tobacco Other raw materials Finished product 7,280 2,905 856 2,063 1,712 5,816 9,591 860 21,492 Other current assets Total current assets Property, plant and equipment, at cost: Land and land improvements Buildings and building equipment Machinery and equipment Construction in progress 590 4,410 9,460 449 14,909 8,544 6,365 Less: accumulated depreciation 5,964 2,019 Goodwill (Note 3) Other intangible assets, net (Note 3) Equity investments (Note 4) Deferred income taxes Other assets (less allowances of S22 in 2020 and ST3 in 2019) Total Assets 4,798 1,410 2,767 44,819
I need help computing total inventory as a percentage of total assets using the balance sheet data I provided below.
I also need help computing the inventory turn over for finished goods.
(Please show steps and work so I can see how to do this for future reference) Thanks you!!
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