Below is selected financial information for Swingline Inc. Ending Inventory Cost of Goods Sold 2020 Days'...
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Below is selected financial information for Swingline Inc. Ending Inventory Cost of Goods Sold 2020 Days' Sales in Inventory Inventory Turnover 4,850 68,950 2019 2020 5,626 72,398 b) Are the ratios improving or weakening? What does that trend mean? 2018 Required a) Calculate the following ratios for 2020, 2019 and 2018, rounding to nearest day and two decimal places for turnover ratios. 2019 5,723 65,503 2017 2018 6,014 71,708 Below is selected financial information for Swingline Inc. Ending Inventory Cost of Goods Sold 2020 Days' Sales in Inventory Inventory Turnover 4,850 68,950 2019 2020 5,626 72,398 b) Are the ratios improving or weakening? What does that trend mean? 2018 Required a) Calculate the following ratios for 2020, 2019 and 2018, rounding to nearest day and two decimal places for turnover ratios. 2019 5,723 65,503 2017 2018 6,014 71,708
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ANSWER a To calculate the Days Sales in Inventory we use the formula Days Sales in Inventory Ending ... View the full answer
Related Book For
Fundamental Accounting Principles Volume II
ISBN: 978-1260305838
16th Canadian edition
Authors: Kermit Larson, Tilly Jensen, Heidi Dieckmann
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