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Selected financial data for Link, Inc. follows: ($ in thousands) Assume a 365-day year for your calculations. The inventory turnover, based on cost of goods
Selected financial data for Link, Inc. follows: ($ in thousands) Assume a 365-day year for your calculations. The inventory turnover, based on cost of goods sold, at the end of 2014 is:
2013 2014 ncome statement and related items Sales Cost of goods sold Net income Cash flow from operations Balance sheet items Cash Marketable securities Accounts receivable Inventory $193,730$320,115 159,973 122,642 -40,971 261,801 -299,460 -15,810 247,403 230,644 15,520 3,886 497,453 19,204 39,627 $58,831 179,609 32,695 26,129 48,220 286,653 19,066 89,820 $108,886 l otal current assets Accounts payable Accrues liabilities Total current liabilitiesStep by Step Solution
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