The following information is available for Gildan Activewear Inc., headquartered in Montreal, for three recent fiscal years

Question:

The following information is available for Gildan Activewear Inc., headquartered in Montreal, for three recent fiscal years (in U.S. $ thousands):

Instructions
(a) Calculate the inventory turnover, days in inventory, and gross profit margin for 2016 and 2015.
(b) Based on the ratios calculated in part (a), did Gildan's liquidity and profitability improve or deteriorate in 2016?

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Financial Accounting Tools for Business Decision Making

ISBN: 978-1119368458

7th Canadian edition

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

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Question Posted: Jun 15, 2017 09:11 AM

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The following information is available for Gildan Activewear Inc., headquartered in Montreal, for three recent fiscal years

Question:

2014 $ 851,033 $ 779,407 595.794 2,959,238 2,359,994 2,284,303 Cost of goods sold 2,229,130 1,701,311 1,550,266 2016 2015 Inventory Net sales

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a Inventory Turnover 2016 Days in Inventory 2016 Gross ...View the full answer

Financial Accounting Tools for Business Decision Making

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