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Johnson & Johnson had the following information for the year 2023: Beginning Inventory: $15 billion Purchases: $60 billion Ending Inventory: $20 billion Calculate: a) Cost
Johnson & Johnson had the following information for the year 2023:
- Beginning Inventory: $15 billion
- Purchases: $60 billion
- Ending Inventory: $20 billion Calculate: a) Cost of Goods Sold (COGS). b) Inventory Turnover Ratio. c) Days Sales Outstanding (DSO) if the accounts receivable at the beginning of the year were $25 billion and at the end of the year were $35 billion.
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Accounting
Authors: Carl S. Warren, James M. Reeve, Jonathan Duchac
25th edition
978-1285069609, 1285069609, 978-1133607601
