following information is available for Zoes Activewear Inc. for three recent fiscal years. Instructions a. Calculate the

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following information is available for Zoe’s Activewear Inc. for three recent fiscal years.

Instructionsa. Calculate the inventory turnover, days in inventory, and gross profit rate for 2025 and 2024.b. Based on the ratios calculated in part (a), did Zoe’s liquidity and profitability improve or deteriorate in 2025?

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Accounting Tools For Business Decision Making

ISBN: 9781119791058

8th Edition

Authors: Paul D. Kimmel, Jerry J. Weygandt, Jill E. Mitchell

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Question Posted: Jun 22, 2023 07:37 AM

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following information is available for Zoes Activewear Inc. for three recent fiscal years. Instructions a. Calculate the

Question:

Inventory Net sales Cost of goods sold 2025 $ 553,000 1,948,000 1,552,000 2024 $ 568,000 1,725,000 1,288,000 2023 $ 332,000 1,311,000 947,000

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a b In 2025 Zoes Activewear experienced a deterioration in ...View the full answer

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