Oriole Company reported the following information for a three-year period: 2021 2020 2019 Ending inventory $20,000...
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Oriole Company reported the following information for a three-year period: 2021 2020 2019 Ending inventory $20,000 $29,000 $35,000 Sales 132,000 140,000 115.000 Cost of goods sold 52,800 56,000 46,000 Profit 34,000 41,000 38,000 Calculate the inventory turnover, days sales in inventory, and gross profit margin for 2021 and 2020. (Round number of days answers to 0 decimal places, e.g. 52. Round other answers to 2 decimal places, e.g. 52.75. Use 365 days for calculation.) 2021 2020 Inventory turnover times times Days sales in inventory days days Gross profit margin eTextbook and Media Based on this information, does the company's liquidity appear to be improving or deteriorating? The company's liquidity appears to be Oriole Company reported the following information for a three-year period: 2021 2020 2019 Ending inventory $20,000 $29,000 $35,000 Sales 132,000 140,000 115.000 Cost of goods sold 52,800 56,000 46,000 Profit 34,000 41,000 38,000 Calculate the inventory turnover, days sales in inventory, and gross profit margin for 2021 and 2020. (Round number of days answers to 0 decimal places, e.g. 52. Round other answers to 2 decimal places, e.g. 52.75. Use 365 days for calculation.) 2021 2020 Inventory turnover times times Days sales in inventory days days Gross profit margin eTextbook and Media Based on this information, does the company's liquidity appear to be improving or deteriorating? The company's liquidity appears to be
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Related Book For
Fundamentals of Corporate Finance
ISBN: 978-1118845899
3rd edition
Authors: Robert Parrino, David S. Kidwell, Thomas W. Bates
Posted Date:
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