Dockstavarvet is a Swedish shipyard specializing in aluminum vessels, such as pilot boats, patrol crafts, and lifeboats. It reported: Total inventories (net of allowance) at year-end 2008 and 2007, respectively, as reported on Balance Sheet: SEK 55,045 million and SEK 43,645 million. Cost of sales for 2008, as reported on Income Statement: SEK 237,578 Allowance for inventory obsolescence at year end 2008 and 2007, respectively, as disclosed in the footnote: SEK 2,452 million and SEK 1,854 million Assuming all past inventory write-downs were reversed in 2008, inventory turnover decimal places) Select one: O a. =4.81 O b. >4.81 (rounding to 2 O c. <4.81

Dockstavarvet is a Swedish shipyard specializing in aluminum vessels, such as pilot boats, patrol crafts, and lifeboats. It reported: Total inventories (net of allowance) at year-end 2008 and 2007, respectively, as reported on Balance Sheet: SEK 55,045 million and SEK 43,645 million. Cost of sales for 2008, as reported on Income Statement: SEK 237,578 Allowance for inventory obsolescence at year end 2008 and 2007, respectively, as disclosed in the footnote: SEK 2,452 million and SEK 1,854 million Assuming all past inventory write-downs were reversed in 2008, inventory turnover decimal places) Select one: O a. =4.81 O b. >4.81 (rounding to 2 O c. <4.81

Financial Accounting Intro Concepts Meth/Uses

14th Edition

ISBN:9781285595047

Author:Weil

Publisher:Weil

Chapter3: The Basics Of Record Keeping And Financial Statement Preparation: Income Statement

Section: Chapter Questions

Problem 8E

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