Use the following information to calculate this firm's days' in inventory as of the end of 2022:
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Use the following information to calculate this firm's days' in inventory as of the end of 2022:
Note: Report your answer as a number rounded to two decimal places.
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Net Sales Cost of Goods Sold (COGS) Depreciation Expense EBIT Interest Expense EBT Tax Expense Net Income Cash Accounts Receivable Inventory Net Fixed Assets Total Assets Income Statement Accounts Payable Long-term Debt Common Stock Balance Sheet Accumulated Retained Earning Total Liabilities and Equity Beginning of 2022 $ sssss $ $ $ $ SSSS $ $ S $ For the Year 2022 $ $ $ $ $ $ $ $ 3,750 $ 9,140 $ 2,390 $ 100,670 $ 115,950 $ 2,360 $ 75,190 $ 7,500 $ 30,900 $ 115,950 $ 100,000 77,000 8,435 14,565 2,782 11,783 2,474 9,309 End of 2022 4,500 8,615 2,640 120,500 136,255 3,330 92,725 8,200 32,000 136,255 Net Sales Cost of Goods Sold (COGS) Depreciation Expense EBIT Interest Expense EBT Tax Expense Net Income Cash Accounts Receivable Inventory Net Fixed Assets Total Assets Income Statement Accounts Payable Long-term Debt Common Stock Balance Sheet Accumulated Retained Earning Total Liabilities and Equity Beginning of 2022 $ sssss $ $ $ $ SSSS $ $ S $ For the Year 2022 $ $ $ $ $ $ $ $ 3,750 $ 9,140 $ 2,390 $ 100,670 $ 115,950 $ 2,360 $ 75,190 $ 7,500 $ 30,900 $ 115,950 $ 100,000 77,000 8,435 14,565 2,782 11,783 2,474 9,309 End of 2022 4,500 8,615 2,640 120,500 136,255 3,330 92,725 8,200 32,000 136,255
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Calculate the firms days in inventory as of the end of 2022 Where Beginning Inventory 4500 ... View the full answer
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
Posted Date:
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