what is The inventory turnover ratio for 2016? net sales 2016: $177,526 cost of sales 2016: $148,669 Inventories, net 2016: $14,760 net sales 2015: $153,290 Cost of sales 2015: $126,762 inventories, net 2015: $14,001

Q: Compute the Days-in-Inventory for the Year End Dec-31-2016, given the Following; Cost of Goods Sold…

A: Days in Inventory is a financial ratio that measures the average number of days it takes for a…

Q: Sunland Enterprises reported the following information for 2014: Beginning inventory   $30,080…

A: Solution:- 1)calculation of the gross profit margin as follows under:- Gross profit =Net sales-Cost…

Q: Cost of goods sold: 28,000 16,000 125,000 Beginning inventory 2$ 120,000 Net purchases 141,000…

A: solution-1 Compute inventory turnover ratio Dec 2017  Formula- Inventory turnover ratio=Cost of good…

Q: Miranda Company reported the following amounts on its 2017 income statement: Purchases, P100,000;…

A: Cost of goods sold is actual cost of goods that are being sold to the customers. It includes…

Q: Tin company had the following results during 2017:       Sales $ 723,000   Gross Margin $ 220,300…

A: Gross Margin = Sales - Cost of goods sold

Q: Inventory Analysis A company reports the following: Cost of goods sold $515,015 Average inventory…

A: Inventory Turnover Ratio = Cost of Goods Sold/ Average Inventory…

Q: To answer the following questions, use the following information. Round to 1 decimal place for…

A: The inventory turnover ratio presents, the level of average inventory kept by a company in…

Q: Net Sales Revenue Cost of Goods Sold Average Inventory 2017 $ 5,430 4,100 765 2018 $ 6,080 4,580 880

A: Formula: Inventory turnover ratio = Cost of goods sold / Average inventory Division of Average…

Q: The consolidated balance sheets of Gap Inc. included merchandise inventory in the amount of $1,625…

A: Cost of goods sold refers to the expenses involved in the production of goods and services which are…

Q: The financial statements of ConAgra Foods, Inc.’s 2017 annual report disclose the following…

A:

Q: What is the inventory turnover ratio for Fair Isle Inc. for 2020 if the inventory at the beginning…

A: The inventory turnover ratio indicates the number of times inventory turns to sales. It can be…

Q: A company reports the following: Cost of goods sold Average inventory Determine (a) the inventory…

A: Inventory turnover and number of days sales in inventory are two important financial metrics used by…

Q: BE18-12 The following data are from the income statements of Haskin Company. 2017 2016 Sales revenue…

A: The inventory turnover ratio is calculated by dividing the purchases or cost of goods sold by the…

Q: The following information is available for the Brown Company for 2016: Gross profit  $30,000 Net…

A: Inventory: It refers to the items held by an organization which were in various forms like raw…

Q: BALANCE SHEET Tenaga National Berhad Inc. Income Statement (in million except per share data, and as…

A: The question is related to the Ratio Analysis. The details are given.  Inventory Turnover Ratio =…

Q: How many times did Mavis Inc. sell its entire inventory during 2017? 10.4 times

A:

Q: s Intercontinental Inc., uses a periodic inventory system. At the end of Year 2, the account records…

A: The ending inventory comprises the units that remains unsold at the end of the accounting period.…

Q: Calculate the inventory cycle

A: The inventory turnover ratio is used to measure the number of times a business is able to sell and…

Q: The following information is available for Bramble Corp.:   2017 2016 Accounts receivable $…

A: Inventory turnover ratio shows that how efficiently inventory is managed  Inventory turnover ratio =…

Q: Using the information​ provided, what is the inventory turnover for the​ firm?   Allied​ Industries,…

A: To calculate the inventory turnover for the firm, you need to divide the cost of goods sold (COGS)…

Q: From the following data, prepare a Statement of Analysis of Decrease in Gross Profit for the year…

A:

Q: SOLVE THIS ONE PLSE

A: To calculate the gross profit percentage, you use the following formula: Gross Profit Percentage =…

Q: The following information is available for Marin Inc. for three recent fiscal years. Inventory Net…

A: Inventory turnover = Cost of goods sold/Average inventory Days in inventory = 365/Inventory turnover…

Q: Intel Corporation reports the following financial statement amounts in its 10-K reports. Cost of…

A: IT stands for inventory turnover is cost of goods sold divided by the average inventory where…

Q: . Calculate the inventory turnover for the Years 2017 and 2018. B. Calculate the days' sales in…

A: Inventory: Inventory means the goods which are held by the company for the purpose of sale or…

Q: Calculate estimated cost of ending inventory using the gross profit method: Gross profit on sales…

A: Cost of goods sold = sales - sales x gross profit ratio = 27000-27000*40% = $16200

Q: FOR THE YEAR ENDED 31 DECEMBER FOR THE YEAR ENDED 31 DECEMBER 2016 2017 2018 2019 2020 2021 2022…

A: Since we answer only upto three sub-parts, we shall answer first three. Please resubmit a new…

Q: In its 2015 annual report, Gap Inc. reported inventory of $1,889 million on January 31, 2015, and…

A: Workings: Inventor turnover = Cost of Goods sold / Average inventory.

Q: Computing and Evaluating Inventory and PPE Turnovers Intel Corporation reports the following…

A: The question is based on the concept of Cost Accounting.Inventory turnover is calculated by dividing…

Q: A company reports the following: Cost of goods sold $480,340 Average inventory 68,620 Determine (a)…

A:

Q: Based on the following data for the current year, what is the inventory turnover (rounded to one…

A: The inventory turnover ratio indicates the number of times inventory turns to sales. It can be…

Q: Inventory Analysis The following data were extracted from the income statement of Keever Inc.:…

A: Ratio analysis is a method of measuring the organization's financial position with different kinds…

Q: Finding Correct Answer

A: Step 1: Step 2: Step 3: Step 4:

Q: Inventory Analysis A company reports the following: Cost of goods sold $249,660 Average…

A:

Q: ABC Inc. provided the following data for the current year: Cost of goods sold $4,680,000 Inventory…

A: Days sales in inventory is calculated by dividing the number of days in a year by inventory…

Q: Given the following information, what is the cost-to-retail ratio? Beginning inventory at cost…

A: Particulars Cost Retail Beginning inventory $20,000 $35,000 Purchases  100,000 168,000 Goods…

Q: Please Calculate and interpret the following ratios Activity: Inventory Turnover , Receivables…

A: Ratio analysis refer to the evaluation of financial ration in order to get idea about profitability,…

Q: Selected information from the operating records of Kay Company is as follows:  Net sales  P…

A: Inventory Turnover Formula  Inventory Turnover =Cost of goods soldAverage Inventory Average…

Q: The following information is available for Bridgeport Corp. for three recent fiscal years. Inventory…

A: Workings :- 1) Calculation of average inventory for 2016 :-  [Beginning inventory (2015) + ending…

Q: A company reports the following: Cost of goods sold $478,150 Average inventory 95,630 Determine (a)…

A: Inventory Turnover ratio indicates how quickly Inventory convert into the sales.