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In its financial statements WalkerCo is reporting net income of $249. Its tax rate for the year was 3596. Total assets at the beginning of
In its financial statements WalkerCo is reporting net income of $249. Its tax rate for the year was 3596. Total assets at the beginning of the year was $1,992 and at the end of the year $2,072. In the footnotes it is reported that the LIFO reserve at the beginning of the year was $136 and at the end of the year $170. Calculate the return on assets after accounting for the impact of the LIFO inventory valuation. Present your answer in percentage terms, rounded to two decimal places, e.g. 20.0096. In its financial statements WalkerCo reported cost of goods sold of $1,813. Inventory at the beginning of the year was $353 and at the end of the year, $401. In the footnotes it is reported that the LIFO reserve at the beginning of the year was $171 and at the end of the year $205. Calculate the days' sales in inventory based solely on the data reported on the face of the balance sheet and income statement Present your answer rounded to one decimal place, e.g., 20.0. In its financial statements WalkerCo reported cost of goods sold of $1,787. Inventory at the beginning of the year was $317 and at the end of the year $495. In the footnotes it is reported that the LIFO reserve at the beginning of the year was $121 and at the end of the year $87. Calculate the days' sales in inventory after accounting for the inpact of the LIFO inventory valuation. Present your answer rounded to one decimal place, e.g. 20.0
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