Question
Problem12-16(PartLevelSubmission) Thefollowinginformation(in$millions)wastakenfromtherecentannualreportsoftwocompanies. CompanyA CompanyB Costofgoodssold $2 7,846 $ 28,278 Averageinventory $2, 971 $4, 622 *(a) Calculateeachcompanysinventoryturnover. (Roundanswersto2decimalplaces,e.g.2.55.) CompanyA CompanyB Inventoryturnover times times Attempts:1of1used *(b) Calculateeachcompanysaveragedaystosellinventory.
Problem12-16(PartLevelSubmission)
| Thefollowinginformation(in$millions)wastakenfromtherecentannualreportsoftwocompanies.
|
| *(a)
Calculateeachcompanysinventoryturnover.(Roundanswersto2decimalplaces,e.g.2.55.)
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| *(b)
Calculateeachcompanysaveragedaystosellinventory.(Roundanswersto0decimalplace,e.g.25.Use365daysforcalculation.)
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Income Tax Fundamentals 2013
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
31st Edition
1111972516, 978-1285586618, 1285586611, 978-1285613109, 978-1111972516
