Question: In a recent annual report, Oriole Inc. reported beginning inventory of $2,200 millionand ending inventory of $2,100 million, cost of goods sold of $17,200 million,

In a recent annual report, Oriole Inc. reported beginning inventory of $2,200 millionand ending inventory of $2,100 million, cost of goods sold of $17,200 million, and net sales of $17,600 million. (a1) Compute Oriole's inventory turnover. (Round answer to 2 decimal places, eg. 7.62.) Inventory turnover times Attempts: 0 of 3 used

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!

Allen Moving and Storage prepared the following income statement for 2 0 1 8 : CHECK FIGURE ( 2 ) Break - even sales = $ 4 , 8 3 8 , 4 8 5 Revenues: Local: $ 1 , 4 3 3 , 5 0 0 Intra - province: $ 5 1...

In a recent annual report, Oriole Inc, reported beginning inventory of $2,200 million and ending inventory of $2,100 million, cost of goods sold of $17.200 million, and net sales of $17.600 million....

In a recent annual report, Concord Inc. reported beginning inventory of $1,200 million and ending inventory of $1,100 million, cost of\ goods sold of $6,900 million, and net sales of $9,600 million.\...

In a recent annual report, Sheridan Inc. reported beginning inventory of $ 1 , 4 0 0 million and ending inventory of $ 1 , 3 0 0 million, cost of goods sold of $ 1 2 , 1 5 0 million, and net sales of...

In a recent annual report, Bramble Inc. reported beginning inventory of $1,800 million and ending inventory of $1,700 million, cost of goods sold of $12,250 million, and net sales of $14,400 million....

In a recent annual report, Sunland Inc, reported beginning inventory of $1,700 million and ending inventory of $1,600 million, cost of goods sold of $13,200 million, and net sales of $13,600 million....

In a recent annual report, Bonita Inc, reported beginning inventory of $1,500 million and ending inventory of $1,400 million, cost of goods sold of $7,250 million, and net sales of $12,000 million....

Can I get help answering part A2? In a recent annual report, Sheridan inc. reported beginning inventory of $1,400 million and ending inventory of $1,300 million, cost of goods sold of $12,150...

Part B: Compute Sheffield's average days to sell inventory. In a recent annual report, Sheffield Inc. reported beginning inventory of $2,000 million and ending inventory of $1,900 million, cost of...

In a recent annual report, Lily Inc. reported beginning inventory of $1,200 million and ending inventory of $1,100 million, cost of goods sold of $9,200 million, and net sales of $9.600 million. (a1)...

A regenerative steam cycle operates with two stages of expansion and a single open feed heater. The condenser operates at a pressure of 0.2bar. Steam enters the turbine as dry saturated steam with a...

About 80% of the world's human population live in ____. a. nations with high average income per person b. the United States, Japan, Australia, and Germany c. more-developed countries d....

The problem of double taxation exists in a . corporation. b . sole proprietorship. c . general partnership.

Describe the two general approaches to determining the value of a differentiating factor in monetary terms.

Explain how awareness of an organizations buying center or the involvement of household members in a consumer decision could affect the process of estimating a products VTC.

What is an organizations buying center? Describe the five main buying-center roles that have been identified.

PEZ Candy Inc. produces the popular small candy that is dispensed in collectible flip-top dispensers. In the United States, PEZ candies are produced in a factory in Connecticut. Over 3 billion of the...

Choose a particular consumer product that you are familiar with and use the fifteen-cell product-needs framework described in the chapter as a checklist to indicate ways this product may differ from...

The Economic Order Quantity ( EOQ ) model helps in determining: a ) Maximum production capacity b ) Optimal order quantity to minimize total inventory costs c ) Minimum reorder point d ) Maximum...

3.83 A publisher sends advertising materials for an accounting text to 80% of all professors teaching the appropriate accounting course. Thirty percent of the professors who received this material...

3.82 Given P1A12 = 0.60, P1B1 uA12 = 0.60, and P1B1 uA22 = 0.40, what is the probability of P1A1 uB12?

3.81 Given P1A12 = 0.40, P1B1 uA12 = 0.60, and P1B1 uA22 = 0.70, what is the probability of P1A2 uB22?