Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

The inventory turnover ratio is calculated as: COGS / Average Inventory, and days sales in inventory is calculated as: 365 / Inventory Turnover Ratio Calculate

The inventory turnover ratio is calculated as: COGS / Average Inventory, and days sales in inventory is calculated as: 365 / Inventory Turnover Ratio Calculate the inventory turnover ratio for any public merchandising company using the latest 10-K balance sheet and income statement from Edgar. Then write a paragraph or so commenting on your findings, answering the following questions. The questions are guidelines, and you can discuss your results without adhering strictly to these prompts. Please reply to at least one classmate for full credit. Please do not repeat the questions in your response. 1. What company did you choose and what are the numeric results of ratios you calculated? 2. Are these good results? Why or why not? 3. How do the results compare to your company's competitors? 4. What insight can you gain about the company from analyzing these ratios?

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Management Systems Auditing A Practitioners Guide To Quality And Management Systems Audit

Authors: Dr Warren Doudle

1st Edition

B0C6W3G4W4, 979-8397130271

More Books

Students also viewed these Accounting questions