Problem Set ${?}^4$

Problem e$2$: Inventory and Accounts Recelvable flatios $(24$ points$)$

Pape $7$ of $16$

$\backslash$table$[[($iformation obtained from the GAAP financlal statement of Spauldirry Wrapping Co$.$s$],[$Net Sales,$2024,2027,2022],[$Cost of Goods Sold,$$92\mathrm{.}762,000,$$$88,715,000,$$$66,998,500],[$Accounts Recelvable, net $012/31,$$$39,304,800,$$$35,486,000,$$$34,799,400],[$Inventory $\frac{012}{31},$$$14,978,600,$$$13,795,600,$$$13,154,000],[,$$$3,842,300,$$$6,749,400,57,669,200]]$

Compute the average balances of inventory and accounts receivable reported by Spauldixy Wrapping Co$,$ for fiscal year $2024$ and $2023.(1$ point per averape $=2$ pointa$)$

$\backslash$table$[[$Average Inventory,$2024,2023],[$Average Accounts Recelvable,,$]]$

Supporting Calculationa:

$2.$ Compute the following ratios for Spauldizzy Wrapping Co$.$ Calculate the change in each measurement for fiscal year $2024$ as compared to $2023$ as a total amount and as a percentage.

$(3$ pelats per measurement $=6$ points$)$

$\backslash$table$[[,,,$Increase $[$Decrease$)],[,2024,2023,,],[$Inventory Turnover,,,,$]]$

Supporting Calculations:

Problem Set $84$

Page $8$ of $1_4$

$\backslash$table$[[9$ Wridonw ymiturse,,,Page $8_{14}^{of}$