Suppose the Robinson Company had a cost of goods sold of $1,000,000 in 2016 and $1,200,000 in

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Suppose the Robinson Company had a cost of goods sold of $1,000,000 in 2016 and $1,200,000 in 2017.

a. Calculate the inventory turnover for each year. Comment on your findings.

b. What would have been the amount of inventories in 2017 if the 2016 turnover ratio had been maintained?

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Introduction to Finance Markets, Investments and Financial Management

ISBN: 978-1119398288

16th edition

Authors: Ronald W. Melicher, Edgar A. Norton

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Question Posted: Jun 12, 2019 10:56 AM

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Suppose the Robinson Company had a cost of goods sold of $1,000,000 in 2016 and $1,200,000 in

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a Inventory turnover COGSInventory 1200000500000 240 2017 100000...View the full answer

Introduction to Finance Markets, Investments and Financial Management

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