Question
You project that Sales in 2021 will increase at the average rate as in year 2018- 2020. You also use the same COGS ratio as
You project that Sales in 2021 will increase at the average rate as in year 2018- 2020. You also use the same COGS ratio as in 2020. using COGS to Average Inventory ratio for the last year you calculate ending inventory in 2021 around which value:
| 2018 | 2019 | 2020 | |
| Sales | 570,00 | 612,18 | 604,80 |
| COGS | - 205,20 | - 244,91 | - 260,00 |
| GrossProfit | 364,80 | 367,27 | 344,80 |
| SG&A | - 247,00 | - 294,50 | - 272,00 |
| EBIT | 117,80 | 72,77 | 72,80 |
| NI | 70,68 | 43,70 | 43,68 |
| EOP | |||
| AP | 45,00 | 50,00 | 52,00 |
| Inventory | 32,00 | 37,00 | 39,00 |
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Financial Accounting
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
7th Edition
978-0470477151, 978-0-470-5562, 470556242, 0-470-55624-2, 9780470556245, 978-0470507018
