Question: Using the Indigo financial statements in Appendix III, calculate the following ratios for the year ended April 1, 2017 and March 31, 2018. Inventory for
Using the Indigo financial statements in Appendix III, calculate the following ratios for the year ended April 1, 2017 and March 31, 2018. Inventory for the year 2016 is 217,788,000. a. Inventory turnover ratio. (Round the final answers to two decimal places.) 2018 2017 Inventory turnover ratio b. Days' sales in inventory. (Round the final answers to the nearest whole days. Use 365 days a year.) 2018 Days' sales in inventory days days Using the Indigo financial statements in Appendix III, calculate the following ratios for the year ended April 1, 2017 and March 31, 2018. Inventory for the year 2016 is 217,788,000. a. Inventory turnover ratio. (Round the final answers to two decimal places.) 2018 2017 Inventory turnover ratio b. Days' sales in inventory. (Round the final answers to the nearest whole days. Use 365 days a year.) 2018 Days' sales in inventory days days
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
