The Robinson Company had a cost of goods sold of $1,000,000 in 2014 and $1,200,000 in 2015.
Question:
a. Calculate the inventory turnover for each year. Comment on your findings.
b. What would have been the amount of inventories in 2015 if the 2014 turnover ratio had been maintained?
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a 2014 1000000350000 286 2015 12000005000...View the full answer
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Related Book For 
Introduction to Finance Markets Investments and Financial Management
ISBN: 978-1118492673
15th edition
Authors: Melicher Ronald, Norton Edgar
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