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Please use the excel formula for your answers according to the cells, example: =B3+C3 The company's income statements for the current year and one year
Please use the excel formula for your answers according to the cells, example: =B3+C3
The company's income statements for the current year and one year ago follow. Assume that all sales are on credit: (3-a) Compute inventory turnover. (Use cells A4 to E29 from the given information to complete this question.) (3-b) Determine if inventory turnover ratio improved or worsened in the current year. Inventory turnover (4-a) Compute days' sales in inventory. (Use cells A4 to E29 from the given information to complete this question.) (4-b) For each ratio, determine if days' sales in inventory improved or worsened in the current year. Days' sales in inventory The company's income statements for the current year and one year ago follow. Assume that all sales are on credit: (3-a) Compute inventory turnover. (Use cells A4 to E29 from the given information to complete this question.) (3-b) Determine if inventory turnover ratio improved or worsened in the current year. Inventory turnover (4-a) Compute days' sales in inventory. (Use cells A4 to E29 from the given information to complete this question.) (4-b) For each ratio, determine if days' sales in inventory improved or worsened in the current year. Days' sales in inventoryStep by Step Solution
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