Question: Dont use Excel, type it out PLEASE HURRRRYYYY!!!!!!!!!! Based on the information given below, calculate the inventory turnover for US Composite Corporation for the fiscal

Dont use Excel, type it out
PLEASE HURRRRYYYY!!!!!!!!!!
Based on the information given below, calculate the inventory turnover for US Composite Corporation for the fiscal year 2012. U.S. Composite Corporation U.S. Composite Corporation 2012 Income Statement 2012 Balance Sheet (Sin millions) (s in millions) Total operating revenues $ 2,262 Cost of goods sold 1,655 2012 Selling, general, and administrative expenses 327 Cash and equivalents $ 140 Depreciation 90 Accounts receivable 294 Operating income $ 190 Inventory 269 Other income 29 Other 58 Earnings before interest and taxes (EBIT) $ 219 Total current assets $ 761 Interest expense Property, plant and equipment $ 1.668 Pretax income $ 170 Less accumulated depreciation 550 Taxes Net property, plomt, md equipment $ 1118 Net income S6 Toral assets $ 1.879 49 84 s Accounts payable Notes payable Accrued expenses Total current liabilities Deferred taxes Long-term debt Total long-term liabilities Total liabilities Preferred stock Common stock (S1 par value) Capital surplus Accumulated retained earnings Total equity Total liabilities and and equity $ 213 50 223 $ 486 S 117 471 $ 588 $ 1,074 S 39 55 321 390 $ 805 $ 1,879
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