Inventory Ratio Calculations Delroi, Inc. provided the following data for 2008 and 2009: Inventory December 31,...
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Inventory Ratio Calculations Delroi, Inc. provided the following data for 2008 and 2009: Inventory December 31, 2007 $200,000 December 31, 2008 190,500 December 31, 2009 182,000 Cost of goods sold 2008 2009 Gross margin 2008 2009 2009 0 Round all calculations to two decimal places. (a) Calculate the inventory turnover ratio for 2008 and 2009. 2008 0 * times x times $664,000 728,000 2009 0 $330,000 450,000 (b) Calculate the gross margin return on inventory investment for 2008 and 2009. 2008 0 X Inventory Ratio Calculations Delroi, Inc. provided the following data for 2008 and 2009: Inventory December 31, 2007 $200,000 December 31, 2008 190,500 December 31, 2009 182,000 Cost of goods sold 2008 2009 Gross margin 2008 2009 2009 0 Round all calculations to two decimal places. (a) Calculate the inventory turnover ratio for 2008 and 2009. 2008 0 * times x times $664,000 728,000 2009 0 $330,000 450,000 (b) Calculate the gross margin return on inventory investment for 2008 and 2009. 2008 0 X
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To calculate the inventory turnover ratio you need to divide the cost of goods sold by the average i... View the full answer
Related Book For
Financial Accounting an introduction to concepts, methods and uses
ISBN: 978-0324789003
13th Edition
Authors: Clyde P. Stickney, Roman L. Weil, Katherine Schipper, Jennifer Francis
Posted Date:
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