Question: Use the following information for Boxter, Inc., Clifford Company, Danforth Industries, and Evans Services to answer the question Using LIFO, what is Boxter's inventory


Use the following information for Boxter, Inc., Clifford Company, Danforth Industries, and Evans Services to answer the question "Using LIFO, what is Boxter's inventory turnover for 2022 (to the closest decimal place)?" (amounts in S millions) Inventory Method for 2021 & 2022 2021 Ending inventory assuming LIFO 2021 Endin invento assumin FIFO 2022 Ending inventory assuming LIFO 2022 Ending inventory assuming FIFO 2021 Current assets (reported on balance sheet) 2021 Current liabilities 2022 Current assets (reported on balance sheet) 2022 Current liabilities 2022 Cost of goods sold Boxter LIFO S324 S427 S436 Sl:677 S9S7 S2,225 Sl,306 26 7S Clifford FIFO S2:031 Sl,209 S2:605 s: 2042 Danforth LIFO sno S167 S209 Sl:30S Sl:100 S3:ooo Evans FIFO S663 542 S2:74S Sl,200 S2:390 Sl,ooo S7,ooo
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