The following information is available for Canadian Tire Corporation: (a) Calculate the inventory turnover and days in

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The following information is available for Canadian Tire Corporation:

(a) Calculate the inventory turnover and days in inventory ratios for 2012 and 2011.
(b) Did Canadian Tire's inventory management improve or deteriorate in 2012?

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Financial Accounting Tools for Business Decision Making

ISBN: 978-1118644942

6th Canadian edition

Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso, Barbara Trenholm, Wayne Irvine

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Question Posted: Jan 11, 2017 10:03 AM

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The following information is available for Canadian Tire Corporation: (a) Calculate the inventory turnover and days in

Question:

2012 $ 1,503 11,427 7,929 2011 $1,449 10,387 7,326 2010 $933 9,213 6,422 Invcnimy Net sales Cost of goods sold

Step by Step Answer:

a Inventory Turnover 2012 Days in Inventory 2012 Inventory Turnover 2011 Days in ...View the full answer

Financial Accounting Tools for Business Decision Making

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