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380 Ratio Calculations and Vertical Analysis - Academic Resources Select the images below to enlarge. Balance Sheet Murawski Company Balance Sheet December 31 Current Assets Investments Cash and cash equivalents Accounts receivable (net) Property, plant, and equipment Intangibles and other assets Total assets Current liabilities Inventory Prepaid expenses Total current assets Sales Revenue Murawski Company Income Statement For the Years Ended December 31 Costs and expenses Cost of goods sold Selling and Administrative expenses Interest expense Total costs and expenses 2022 Income Statement Income before income taxes Long-term liabilities 410 Stockholder's equity-common 1,030 1,040 Total liabilities and stockholder's equity $2,340 $2,210 Income tax expense Net Income $330 $360 400 470 460 390 120 160 1,380 1,310 10 420 530 $2,340 $900 2022 $3,800 2021 955 2,400 25 3.380 420 126 $294 10 380 510 $2.210 $790 380 2021 $3,460 890 2,330 20 3,240 220 66 $154 HCS/380: Week 4-Ratio Calculations-Academic Resources Calculate the 2021 Inventory Turnover ratio. Use whole numbers rounded to 2 decimal places, if needed, as seen in the example below. Example 1500 ÷ 800 890 ÷ bthe answer is wrong and i still couldnt get past... bartleby = 1.88 Inventory Turnover Ratio 2021 = - U+0 Click the check mark to check your answers. Fields with incorrect responses will be removed so you can try again.

380 Ratio Calculations and Vertical Analysis - Academic Resources Select the images below to enlarge. Balance Sheet Murawski Company Balance Sheet December 31 Current Assets Investments Cash and cash equivalents Accounts receivable (net) Property, plant, and equipment Intangibles and other assets Total assets Current liabilities Inventory Prepaid expenses Total current assets Sales Revenue Murawski Company Income Statement For the Years Ended December 31 Costs and expenses Cost of goods sold Selling and Administrative expenses Interest expense Total costs and expenses 2022 Income Statement Income before income taxes Long-term liabilities 410 Stockholder's equity-common 1,030 1,040 Total liabilities and stockholder's equity $2,340 $2,210 Income tax expense Net Income $330 $360 400 470 460 390 120 160 1,380 1,310 10 420 530 $2,340 $900 2022 $3,800 2021 955 2,400 25 3.380 420 126 $294 10 380 510 $2.210 $790 380 2021 $3,460 890 2,330 20 3,240 220 66 $154 HCS/380: Week 4-Ratio Calculations-Academic Resources Calculate the 2021 Inventory Turnover ratio. Use whole numbers rounded to 2 decimal places, if needed, as seen in the example below. Example 1500 ÷ 800 890 ÷ bthe answer is wrong and i still couldnt get past... bartleby = 1.88 Inventory Turnover Ratio 2021 = - U+0 Click the check mark to check your answers. Fields with incorrect responses will be removed so you can try again.

Survey of Accounting (Accounting I)
Survey of Accounting (Accounting I)
8th Edition
ISBN:9781305961883
Author:Carl Warren
Publisher:Carl Warren
Chapter1: The Role Of Accounting In Business
Section: Chapter Questions
Problem 1.17E: Financial statements Each of the following items is shown in the financial statements of ExxonMobil...
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HCS/380: Week 4 - Horizontal and Vertical Analysis - Academic Resources HCS/380 Ratio Calculations Select the images below to enlarge. Balance Sheet Murawski Company Balance Sheet December 31 Current Assets Investments Cash and cash equivalents Accounts receivable (net) Property, plant, and equipment Intangibles and other assets Total assets Current liabilities Inventory Prepaid expenses Total current assets Sales Revenue Murawski Company Income Statement For the Years Ended December 31 Costs and expenses Cost of goods sold Selling and Administrative expenses Interest expense Total costs and expenses 2022 Income Statement Income before income taxes $330 470 460 120 1,380 Income tax expense Net Income 10 420 530 $2,340 Long-term liabilities Stockholder's equity - common 1,030 1,040 Total liabilities and stockholder's equity $2,340 $2,210 $900 410 2022 $3,800 955 2,400 25 3,380 2021 420 126 $294 $360 400 390 160 1,310 10 380 510 $2,210 $790 380 2021 $3,460 890 2,330 20 3,240 220 66 $154 HCS/380: Week 4 - Ratio Calculations - Academic Resources Calculate the 2021 Inventory Turnover ratio. Use whole numbers rounded to 2 decimal places, if needed, as seen in the example below. Example 1500 ÷ 800 890 b the answer is wrong and i still couldnt get past... | bartleby Inventory Turnover Ratio 2021 ÷ ·I· 1.88 Click the check mark to check your answers. Fields with incorrect responses will be removed so you can try again. □ + 0 n | SHF AVE BA AT SWEETIE
Transcribed Image Text:HCS/380: Week 4 - Horizontal and Vertical Analysis - Academic Resources HCS/380 Ratio Calculations Select the images below to enlarge. Balance Sheet Murawski Company Balance Sheet December 31 Current Assets Investments Cash and cash equivalents Accounts receivable (net) Property, plant, and equipment Intangibles and other assets Total assets Current liabilities Inventory Prepaid expenses Total current assets Sales Revenue Murawski Company Income Statement For the Years Ended December 31 Costs and expenses Cost of goods sold Selling and Administrative expenses Interest expense Total costs and expenses 2022 Income Statement Income before income taxes $330 470 460 120 1,380 Income tax expense Net Income 10 420 530 $2,340 Long-term liabilities Stockholder's equity - common 1,030 1,040 Total liabilities and stockholder's equity $2,340 $2,210 $900 410 2022 $3,800 955 2,400 25 3,380 2021 420 126 $294 $360 400 390 160 1,310 10 380 510 $2,210 $790 380 2021 $3,460 890 2,330 20 3,240 220 66 $154 HCS/380: Week 4 - Ratio Calculations - Academic Resources Calculate the 2021 Inventory Turnover ratio. Use whole numbers rounded to 2 decimal places, if needed, as seen in the example below. Example 1500 ÷ 800 890 b the answer is wrong and i still couldnt get past... | bartleby Inventory Turnover Ratio 2021 ÷ ·I· 1.88 Click the check mark to check your answers. Fields with incorrect responses will be removed so you can try again. □ + 0 n | SHF AVE BA AT SWEETIE
Expert Solution
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The inventory turnover ratio is a measure used to evaluate how efficiently management sells inventory. When the management is not efficient the inventory turnover ratio is low because the management is slow in selling the inventory.

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