The following information is available for Gildan Activewear Inc., headquartered in Montreal, for three recent fiscal years

Question:

The following information is available for Gildan Activewear Inc., headquartered in Montreal, for three recent fiscal years (in U.S. $ thousands):

Instructions
(a) Calculate the inventory turnover, days in inventory, and gross profit margin for 2012 and 2011.
(b) Based on the ratios calculated in part (a), did Gildan's liquidity and profitability improve or deteriorate in 2012?

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Financial Accounting Tools for Business Decision Making

ISBN: 978-1118644942

6th Canadian edition

Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso, Barbara Trenholm, Wayne Irvine

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Question Posted: Jan 11, 2017 10:04 AM

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The following information is available for Gildan Activewear Inc., headquartered in Montreal, for three recent fiscal years

Question:

2011 $553,068 568,311$332,542 1,948,2531,725,712 1,311,463 1,288,106 2012 2010 Inventory Net sales Cost of goods sold 1,552,128 947,206

Step by Step Answer:

a Inventory Turnover 2012 Days in Inventory 2012 Gro...View the full answer

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