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Required Information (The following information applies to the questions displayed below.) The Slumber Store (TSS) is a national wholesaler of beds, mattresses, pillows, and sheets.
Required Information (The following information applies to the questions displayed below.) The Slumber Store (TSS) is a national wholesaler of beds, mattresses, pillows, and sheets. Key totals from TSS's most recent and forecasted financial statements are presented in the table below. From the income statement Sales Revenue Cost of Goods Sold Gross Profit Last Year $569, eee 346,5ee 213,500 This Year $615, eee 405,250 209,750 Next Year $778,000 556, 380 213,789 From the balance sheet Inventories Last Year $ 88, eee This Year $101,888 Next Year $179,825 Review the following Tableau dashboard, which was created using the data forecast for next year: The Slumber Store (TSS) 0 10 20 30 40 Jays-to-Sell 50 The Slumber Store (TSS) 0 10 20 30 40 50 Average Days-to-sen 60 Sheets Sales $80,000 70 Pillows Sales $40,000 80 Beds Sales $200,000 90 100 Mattresses Sales $450,000 110 0 100 : 200 2004 Ang no 500 7096 no 80 Beds Sales $200,000 90 100 Mattresses Sales $450.000 110 096 1096 2096 7096 8096 3096 40% 5096 6096 Average Gross Profit Percentage + ableau TO 7. Identify the product line most likely to require a write-down when applying the lower of cost and marketet realizable value rule. Beds O Mattresses O Pillows Sheets
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