You project that Sales in 2021 will increase at the average rate as in year 2018- 2020.

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You project that Sales in 2021 will increase at the average rate as in year 2018- 2020. You also use the same COGS ratio as in 2020. using COGS to Average Inventory ratio for the last year you:

Calculate the ending inventory in 2021 around which value?

Related Book For answer-question

Financial Reporting Financial Statement Analysis and Valuation

ISBN: 978-0324302950

6th edition

Authors: Clyde P. Stickney

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Posted Date: May 13, 2023 04:12 AM

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You project that Sales in 2021 will increase at the average rate as in year 2018- 2020.

Question:

Expert Answer:

To calculate the estimated ending inventory for 2021 we will use the COGS to Average Inventory ratio ... View the full answer

Financial Reporting Financial Statement Analysis and Valuation

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