ABC Company has total end-of-year assets of $10 million. The first-of-the-year inventory was $400,000, with a year-end
Question:
ABC Company has total end-of-year assets of $10 million. The first-of-the-year inventory was $400,000, with a year-end inventory of $350,000. The annual cost of goods sold was $8 million. Find
(1) Percent of assets in inventory,
(2) Inventory turnover, and
(3) Weeks of supply to asses supply chain performance.
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1 Average Investment value 04 035 2 0375M Percent of assets in i...View the full answer
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Related Book For 
Advanced Financial Accounting
ISBN: 978-0132928939
7th edition
Authors: Thomas H. Beechy, V. Umashanker Trivedi, Kenneth E. MacAulay
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