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Toyota Motor Corporation had the following information for the year 2023: Beginning Inventory: $40 billion Purchases: $120 billion Ending Inventory: $50 billion Calculate: a) Cost
Toyota Motor Corporation had the following information for the year 2023:
- Beginning Inventory: $40 billion
- Purchases: $120 billion
- Ending Inventory: $50 billion Calculate: a) Cost of Goods Sold (COGS). b) Inventory Turnover Ratio. c) Days Sales Outstanding (DSO) if the accounts receivable at the beginning of the year were $60 billion and at the end of the year were $70 billion.
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Accounting
Authors: Carl S. Warren, James M. Reeve, Jonathan Duchac
25th edition
978-1285069609, 1285069609, 978-1133607601
