The following information is provided by Bramble Corp for the last three fiscal years 2022 2021 2020 Inventory 530 000 $ 562 000 $ 330 000 $ net sales 1 885 000 1 784 000 1 315 000 cost of goods sold 1 583 400 1 338 000 955 000 Calculate inventory turnover, days spent in inventory, and gross profit...

To calculate inventory turnover we can use the formula Inventory Turnover Cost of Goods Sold Average ...

The following information is provided by Bramble Corp. for the last three fiscal years. 2022 2021 2020

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The following information is provided by Bramble Corp. for the last three fiscal years.

	2022	2021	2020
Inventory	530.000 $	562.000 $	330.000 $
net sales	1.885.000	1.784.000	1.315.000
cost of goods sold	1.583.400	1.338.000	955.000

Calculate inventory turnover, days spent in inventory, and gross profit ratio for 2022 and 2021.

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Financial Accounting Tools for Business Decision Making

ISBN: 978-1119493631

9th edition

Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso

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Posted Date: Jun 27, 2023 07:44 AM

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The following information is provided by Bramble Corp. for the last three fiscal years. 2022 2021 2020

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Financial Accounting Tools for Business Decision Making

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