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show work as necessary and please be neat t CarMax Inc. reports sales of $15,875,118 thousand and cost of sales of $13,691,824 thousand for the
show work as necessary and please be neat t CarMax Inc. reports sales of $15,875,118 thousand and cost of sales of $13,691,824 thousand for the year ended February 28, 2017. The gross profit for the year is: A) $2,183,294 thousand B) $1,464,362 thousand C) 86.2% D) 13.8% E) There is not enough information to determine gross profit. 39. Hauser Corporation has the following metrics for 2016. Amount in days Days sales outstanding Days payables outstanding Days inventory outstanding 2016 36.5 24.8 59.1 The cash conversion cycle for 2016 is: 22 days A) B) 61.3 days c) 47.4 days D) 70.8 days E) None of the above 40. The 2016 financial statements for BNSF Railway report the following information: Year ended December 31 2016 $19,829 61,250 84,122 (In milions) 52015 $21,967 59,510 81,703 Revenues Property and equipment, net Total assets The 2016 property, plant and equipment turmover is: A) 0.39 B) 2.38 C) 0.33 D) 0.70 E) None of the above 41. Note 3 to the 2016 financial statements of Willamette Valley Vineyards reports that Inventories consist of the following: 2015 $ 690,292 2016 $ 817,836 6,634,014 4,518,806 $11,970.656 Winemaking and packaging materials Work-in-process Finished goods 6.058,701 3,883,469 $10.632,462 Total inventories The company reported cost of goods sold of $7,204,884 in 2016 and $7,092,111 in 2015. At December 31, 2014, Total inventories were $ 9,910,570. Compute average days inventory outstanding for both years. What does this ratio mean? Interpret the ratios
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