The Robinson Company had a cost of goods sold of $1,000,000 in 2019 and $1,200,000 in 2020.

Question:

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

b. What would have been the amount of inventories in 2020 if the 2019 turnover ratio had been maintained?

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Introduction To Finance Markets, Investments, And Financial Management

ISBN: 978-1119561170

17th Edition

Authors: Ronald W. Melicher, Edgar A. Norton

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Question Posted: May 17, 2023 08:35 AM

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The Robinson Company had a cost of goods sold of $1,000,000 in 2019 and $1,200,000 in 2020.

Question:

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a 2019 1000000350000 286 2020 12000005000...View the full answer

Introduction To Finance Markets, Investments, And Financial Management

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