1. Calculate inventory turnover ratio, average collection period ratio and fixed assetd turnover ratio for year 2015, 2016 and 2017.

Use the following information regarding Metlock, Inc. and Blossom Company to answer the question "Which amount is equal to Metlock, Inc.'s "days in inventory" for 2022 (to the closest decimal place)?" (Use 365 days for calculation.) Year Inventory Turnover Metlock, Inc. 2020 2021 6.8 2022 6.6 Blossom Company 2020 2021 5.5 2022 5.8 62.9 days O 53.7 days O 66.4 days O 55.3 days

Presented below is information related to Sunland Company. Compute the ending inventory for Sunland Company for 2022 through 2027 using the dollar-value LIFO method.

Q8: What amount will Music, Inc. report as 2021 Cost of Goods Sold on its year ending 2021 Income Statement?

The following information relates to the David Davis Company. Price Ending Inventory (End-of-Year Prices) Date Index December 31, 2016 $69,400 100 December 31, 2017 102,080 116 December 31, 2018 110,208 128 December 31, 2019 123,816 132 December 31, 2020 116,058 138 Use the dollar-value LIFO method to compute the ending inventory for Davis Company for 2016 through 2020. Ending Inventory 2016 %24 2017 %24 2018 %24 2019 %24 2020 %24

Analyzing an Inventory Footnote DisclosureThe inventory footnote from Deere & Company’s 2015 10-K follows.Inventories Most inventories owned by Deere & Company and its U.S. equipment subsidiaries are valued at cost, on the “last-in, first-out” (LIFO) basis. Remaining inventories are generally valued at the lower of cost, on the “first-in, first-out” (FIFO) basis, or market. The value of gross inventories on the LIFO basis represented 66 percent and 65 percent of worldwide gross inventories at FIFO value at October 31, 2015 and 2014, respectively. If all inventories had been valued on a FIFO basis, estimated inventories by major classification at October 31 in millions of dollars would have been as follows: $ millions 2015 2014 Raw materials and supplies $1,559 $1,724 Work-in-process 450 654 Finished goods and parts 3,234 3,360 Total FIFO value 5,243 5,738 Less adjustment to LIFO value 1,426 1,528 Inventories $3,817 $4,210   This footnote reveals that not…

[C] Complete the table: Analyze the transaction made by Cai's General Merchandise for the month of March 2020. Identify the accounts affected following the Perpetual Inventory System.

Analyzing an Inventory Footnote DisclosureThe inventory footnote from Deere & Company’s 2015 10-K follows.Inventories Most inventories owned by Deere & Company and its U.S. equipment subsidiaries are valued at cost, on the “last-in, first-out” (LIFO) basis. Remaining inventories are generally valued at the lower of cost, on the “first-in, first-out” (FIFO) basis, or market. The value of gross inventories on the LIFO basis represented 66 percent and 65 percent of worldwide gross inventories at FIFO value at October 31, 2015 and 2014, respectively. If all inventories had been valued on a FIFO basis, estimated inventories by major classification at October 31 in millions of dollars would have been as follows: $ millions 2015 2014 Raw materials and supplies $1,559 $1,724 Work-in-process 450 654 Finished goods and parts 3,234 3,360 Total FIFO value 5,243 5,738 Less adjustment to LIFO value 1,426 1,528 Inventories $3,817 $4,210   This footnote reveals that not…

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 2020 2021 $1,900 $2,300 $2,500 2,300 2,500 2,600 21,840 21,420 Inventory turnover 19,320 40,000 44,300 2022 Calculate the inventory turnover for 2020, 2021, and 2022. (Round inventory turnover to 1 decimal place, e.g. 5.1.) 2020 44,260 times 2021 times 2022 times