Question

Go to Connect for the financial statements of RONA Inc.
1. How much inventory does the company own at the end of the current year?
2. Estimate the amount of inventory that the company purchased during the current year.
3. What method does the company use to determine the cost of its inventory?
4. Compute the inventory turnover ratio for the current year. What does an inventory turnover ratio tell you?
5. What was the change in inventory? How did it affect net cash provided by operating activities for the current year?


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  • CreatedAugust 04, 2015
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