This information is available for Waterway's Photo Corporation for 2020, 2021, and 2022. Beginning inventory Ending...
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This information is available for Waterway's Photo Corporation for 2020, 2021, and 2022. Beginning inventory Ending inventory Cost of goods sold Net sales revenue (a) 2020 $113,000 311,000 947,640 1,272,250 2021 2022 $311,000 $416,000 482,000 416,000 1,263,520 1,817,500 1,257,200 1,964,375 Calculate inventory turnover for 2020, 2021, and 2022. (Round answers to 2 decimal places, e.g. 1.52.) Calculate days in inventory for 2020, 2021, and 2022. (Round answers to 1 decimal place, e.g. 1.5. Use 365 days for calculation.) Days in inventory (c) eTextbook and Media Save for Later 2020 days 2000 2021 days Calculate gross profit rate for 2020, 2021, and 2022. (Round answers to 1 decimal place, e.g. 12.5%) 0004 2022 Attempts: 0 of 2 used days Submit Answer This information is available for Waterway's Photo Corporation for 2020, 2021, and 2022. Beginning inventory Ending inventory Cost of goods sold Net sales revenue (a) 2020 $113,000 311,000 947,640 1,272,250 2021 2022 $311,000 $416,000 482,000 416,000 1,263,520 1,817,500 1,257,200 1,964,375 Calculate inventory turnover for 2020, 2021, and 2022. (Round answers to 2 decimal places, e.g. 1.52.) Calculate days in inventory for 2020, 2021, and 2022. (Round answers to 1 decimal place, e.g. 1.5. Use 365 days for calculation.) Days in inventory (c) eTextbook and Media Save for Later 2020 days 2000 2021 days Calculate gross profit rate for 2020, 2021, and 2022. (Round answers to 1 decimal place, e.g. 12.5%) 0004 2022 Attempts: 0 of 2 used days Submit Answer
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Related Book For
Accounting Principles
ISBN: 9781119707110
14th Edition
Authors: Jerry J. Weygandt, Paul D. Kimmel, Jill E. Mitchell
Posted Date:
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