Amazon.com, Inc.s financial statements are presented in Appendix D. Financial statements of Wal-Mart Stores, Inc. are presented
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Instructions
(a) Based on the information contained in these financial statements, compute the following 2011 ratios for each company.
(1) Inventory turnover.
(2) Days in inventory.
(b) What conclusions concerning the management of the inventory can you draw from these data?
Financial Statements
Financial statements are the standardized formats to present the financial information related to a business or an organization for its users. Financial statements contain the historical information as well as current period’s financial...
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Related Book For
Accounting Principles
ISBN: 9781118566671
11th Edition
Authors: Jerry Weygandt, Paul Kimmel, Donald Kieso
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