Jinchuriki Inc.'s Financial Statement for years 2014-2015. Compute of the Average Sales Period/ Average Age of Inventory. INCOME STATEMENTS|BALANCE SHEETS2015 JAssets$ 5,000201420142015$ 4,7603,560Net salesCash6050COGS (excl. depr.)DepreciationOther operating expenses3,800ST Investments40170200Accounts receivable380500500500480Inventories8201,000$ 1,5502,000$ 3,550ЕBIT550Total CA$ 1,300Interest expensePre-tax earnings100120Net PP&E1,700450380Total assets$ 3,000152228 Liabilities and equity8 Accounts payable220 | AccrualsNotes payableTotal CLTaxes (40%)NI before pref. div.180270Preferred div.8$190200Net income262280300130280Other Data600780Common dividends$501,000$ 1,600$48Long-term bondsTotal liabilities1,200Addition to RE$214$170$ 1,980Tax rate40%40%Preferred stock100100Shares of common stock5050Common stock500500$5.24$4.40Earnings per shareDividends per sharePrice per shareRetained earningsTotal common equityTotal liabs. & equity800$ 1,300$ 3,000970$ 1,470$ 3,550$0.96$1.00$40.00$27.00Compute for the Average Sales Period/Average Age of Inventory, use 360 daysFinal answers should be in 2 decimal placesFor example: if your answer is 1.5432 final answer is 1.54 days, if your answer is 1.5632 final answer is1.57 days%24%24%24%24%24

Average Sales Period/Average Age of Inventory:- This ratio is prepared to know the average number of…

Answered: Compute for the Average Sales…

Business

Accounting

Compute for the Average Sales Period/Average Age of Inventory, use 360 days

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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