Hi! I'm working on the following problem and would like some help: The Professor provided the following
Question:
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Hi! I'm working on the following problem and would like some help: The Professor provided the following to check the attached. I am having difficulty getting step 5 & 6 The first check 10 figures below: 1) EPS (12/31/2015) = $2.02 2) Current ratio = 4.77 3) Gross (Profit) Margin Percentage = 95.4% 4) Rate of Return (Net Profit Margin) on Sales = 17.3% 5) Inventory Turnover = 1.0 6) Days' inventory outstanding (DIO) = 363 days 7) Accounts Receivable Turnover = 7.1 8) Days' sales outstanding = 51.5 days 9) Asset turnover = 0.41 10) Rate of return on total assets (ROA) = 7.1%
Can you explain or show how to get to the following information. I am able to locate $420 within the annual report but not sure where to find the 418
Inventory Turnover Cost of goods sold $420 Average inventory $418
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