Obtain Nestle's 2010 annual report using the ''Investor Relations'' portion of its website (do a web search

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Obtain Nestle´'s 2010 annual report using the ''Investor Relations'' portion of its website (do a web search for Nestle investor relations).
Required:
1. Which inventory method does Nestle´ use? Why doesn't Nestle´ use LIFO?
2. Describe the composition of Nestle´'s inventory.
3. Assume Nestle´'s 2008 ending inventory was CHF 9,342 million. Compute the inventory turnover for 2010 and 2009. What is your evaluation of the difference?
Ending Inventory
The ending inventory is the amount of inventory that a business is required to present on its balance sheet. It can be calculated using the ending inventory formula                Ending Inventory Formula =...
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Related Book For  book-img-for-question

Intermediate Accounting Reporting and Analysis

ISBN: 978-1111822361

1st edition

Authors: James M. Wahlen, Jefferson P. Jones, Donald Pagach

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