Current Year 1 Year Ago 2 Years Ago Raw materials inventory, ending Raw materials used $ 169,500 2,160,000 $ 190,500 2,522,000 $ 197,500 2,765,000 Required: 1. Compute raw materials inventory turnover for the most recent two years. 2. Is the current year change in raw materials inventory turnover ratio favorable or unfavorable? 3. Compute days' sales in raw materials inventory for the current year.

Current Year 1 Year Ago 2 Years Ago Raw materials inventory, ending Raw materials used $ 169,500 2,160,000 $ 190,500 2,522,000 $ 197,500 2,765,000 Required: 1. Compute raw materials inventory turnover for the most recent two years. 2. Is the current year change in raw materials inventory turnover ratio favorable or unfavorable? 3. Compute days' sales in raw materials inventory for the current year.

Name: 8 A manufacturing company reports the following information.Raw materi
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Description: 8 A manufacturing company reports the following information.Raw materials inventory, endingRaw materials usedRequired:Current Year$ 169,5002,160,0001 Year Ago2 Years Ago$ 190,5002,522,000$ 197,5002,765,0001. Compute raw materials inventory turnover f

Financial Accounting Intro Concepts Meth/Uses

14th Edition

ISBN:9781285595047

Author:Weil

Publisher:Weil

Chapter7: Introduction To Financial Statement Analysis

Section: Chapter Questions

Problem 17E

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