Question: A companys annual report usually will identify the inventory method used. Knowing that, you can analyze the effects of the inventory method on the income

A company’s annual report usually will identify the inventory method used. Knowing that, you can analyze the effects of the inventory method on the income statement and balance sheet. Address: www.cisco.com, or go to www.wiley.com/college/weygandt
Instructions
Answer the following questions based on the current year’s Annual Report on Cisco’s Web site.
(a) At Cisco’s fiscal year-end, what was the inventory on the balance sheet?
(b) How has this changed from the previous fiscal year-end?
(c) How much of the inventory was finished goods?
(d) What inventory method does Cisco use?

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