At December 31, 2022 the following information (in thousands) was available for Swifty Inc: ending inventory $22.200; beginning inventory $21.800, cost of goods sold $180,400, and sales revenue $435,000. Calculate the inventory turnover and days in inventory for Swifty. (Round answers to 1 decimal places, eg. 15.2. Use 365 days fom calculation.) times Inventory turnover

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what is the interim report of a company?

The comparative inventory balances for December 31, end of the year, for a company are provided below.   20Y6 20Y5 Inventory $100,000 $110,000 Based on this information, what is the percentage of increase or decrease that would be shown in a balance sheet with horizontal analysis?

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Suppose this information is available for PepsiCo, Inc. for 2020, 2021, and 2022. (c) (in millions) Beginning inventory Ending inventory Cost of goods sold Sales revenue (a) Inventory turnover ratio Your answer is correct. Inventory turnover ratio 2020 Days in inventory $116,000 317,500 895,000 1,120,000 1,595,500 1,195,000 eTextbook and Medial Calculate the inventory turnover for 2020, 2021, and 2022. (Round answers to 1 decimal places, e.g. 15.2.) Gross profit rate 2020 2021 2020 $317,500 2020 410,500 Calculate the inventory turnover for 2020, 2021, and 2022. (Round answers to 1 decimal places, e.g. 15.2.) 4.1 times 4.1 times 2020 2022 89 days $410,500 476,500 1,297,500 1,894,000 Calculate the days in inventory for 2020, 2021, and 2022. (Round answers to 1 decimal places, e.g. 15.2.) 2021 % 2021 3.1 times. 2021 3.1 Calculate the gross profit rate for 2020, 2021, and 2022. (Round answers to 1 decimal places, e.g. 15.2 %) 2021 times 117 days 2022 2022 2022 2022 125 2.9 2.9 times times…

The cost of goods sold computations for Wildhorse Company and Blossom Company areshown below. Wildhorse Company Blossom Company Beginning inventory $47.000 $73.000 Cost of goods purchased 275.000 756.100 Cost of goods available for sale 322.000 829.100 Ending inventory 117.000 121.000 Cost of goods sold $205.000 $708.100 (a1) Compute inventory turnover for each company. (Round answers to 2 decimal places, eg. 15.25) Wildhorse Company Blossom Company Inventory turnover

Caterpillar Inc (CAT) has the following excerpts from their financial statements   December 31, 2021 December 31, 2020 Inventory (in $ Millions)                             14,038                             11,402 Net Income(in $ Millions)                                 6,489                             2,998   Inventories are principally determined using the last-in, first-out (LIFO) method. The value of inventories on the LIFO basis.   If the FIFO (first-in, first-out) method had been in use, inventories would have been $3,258 million and $2,921 million higher than reported at December 31, 2021 and 2020, respectively.   Assume corporate tax rate of 21%.       If CAT had used FIFO method instead of LIFO method   What inventory (in $ Millions) would CAT report for 2021?   What net income (profit) would CAT report in 2021?   What is the cumulative amount of income tax savings that CAT generated through end of 2021 by using LIFO instead of FIFO?   What…

The following information was available for Bramble Company at December 31, 2020: beginning inventory $4000; ending inventory $96000; cost of goods sold $2500000; and sales $1280000. Bramble's days in inventory in 2020 was O 0.6 days. O 14.3 days. O 7.3 days. O 14.0 days. Save for Later Attempts: 0 of 1 used Submit Answer

Suppose this information is available for PepsiCo, Inc. for 2020, 2021, and 2022. (in millions) Beginning inventory Ending inventory Cost of goods sold Sales revenue (a) 2020 Inventory turnover $1,700 2,200 15,015 38,600 2021 $2,200 $2,500 2,500 2022 45,100 2020 17,860 17,595 2,600 Calculate the inventory turnover for 2020, 2021, and 2022. (Round inventory turnover to 1 decimal place, e.g. 5.1.) 45,000 times 2021 times 2022 times