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In its financial statements WalkerCo reported cost of goods sold of $1,578. Inventory at the beginning of the year was $350 and at the end
In its financial statements WalkerCo reported cost of goods sold of $1,578. Inventory at the beginning of the year was $350 and at the end of the year $341. 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 $149. If the company had instead used the FIFO inventory costing method, what would the company have reported as cost of goods sold? In its financial statements Walkerco reported cost of goods sold of $1,837. Inventory at the beginning of the year was $370 and at the end of the year $414. In the footnotes it is reported that the LIFO reserve at the beginning of the year was $59 and at the end of the year $99. Calculate the days' sales in inventory after accounting for the inpact of the LIFO invoentory valuation. Present your answer rounded to one decimal place, e.g., 20.0. In its financial statements WalkerCo is reporting net income of $219. 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 $2,102. In the footnotes it is reported that the LIFO reserve at the beginning of the year was $153 and at the end of the year $115. 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
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