Calculate the ITR for the XYZ company given the below information Sales Revenue Cost of Goods...

 

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Calculate the ITR for the XYZ company given the below information Sales Revenue Cost of Goods Sold Inventory @ Cost Inventory Turnover Ratio $ Period 1 Period 2 Period 3 Period 4 Period 5 Period 6 $ 25,000 $ 30,000 $ 60,000 $ 62,000 $ 80,000 $ 16,250 $ 19,500 $ 39,000 $ 40,300 $ 52,000 $ 20,000 $ 45,000 $ 45,000 $ 50,000 $ 60,000 $ $ 30,000 $ Period 7 Period 8 Period 9 90,000 $ 95,000 $ 70,000 $ 58,500 $ 61,750 $ 45,500 $ 65,000 $ 50,000 $ 40,000 $ Period 10 Period 11 Period 12 50,000 $ 45,000 $ 30,000 $ 25,000 32,500 $ 29,250 $ 19,500 $ 16,250 30,000 $ 20,000 $ 20,000 $ 15,000 Calculate the ITR for the XYZ company given the below information Sales Revenue Cost of Goods Sold Inventory @ Cost Inventory Turnover Ratio $ Period 1 Period 2 Period 3 Period 4 Period 5 Period 6 $ 25,000 $ 30,000 $ 60,000 $ 62,000 $ 80,000 $ 16,250 $ 19,500 $ 39,000 $ 40,300 $ 52,000 $ 20,000 $ 45,000 $ 45,000 $ 50,000 $ 60,000 $ $ 30,000 $ Period 7 Period 8 Period 9 90,000 $ 95,000 $ 70,000 $ 58,500 $ 61,750 $ 45,500 $ 65,000 $ 50,000 $ 40,000 $ Period 10 Period 11 Period 12 50,000 $ 45,000 $ 30,000 $ 25,000 32,500 $ 29,250 $ 19,500 $ 16,250 30,000 $ 20,000 $ 20,000 $ 15,000

Answer rating: 100% (QA)

Solution Here are the steps to calculate the Inventory Turnover Ratio ITR for XYZ company based on t... View the full answer