ast year, Nikkola Company had net sales of P2,299,500, and cost of goods sold of P1,755,000. Nikkola had the following balances: Accounts Receivable Inventories January 1 P142,650,000 54,374,200 December 31 P172,350,000 62,625,800 Required: (Round answers to one decimal place) 4. Calculate the average inventory 5. Calculate the average inventory ratio 6. Calculate the inventory turnover in days
ast year, Nikkola Company had net sales of P2,299,500, and cost of goods sold of P1,755,000. Nikkola had the following balances: Accounts Receivable Inventories January 1 P142,650,000 54,374,200 December 31 P172,350,000 62,625,800 Required: (Round answers to one decimal place) 4. Calculate the average inventory 5. Calculate the average inventory ratio 6. Calculate the inventory turnover in days
Managerial Accounting: The Cornerstone of Business Decision-Making
7th Edition
ISBN:9781337115773
Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Chapter15: Financial Statement Analysis
Section: Chapter Questions
Problem 14BEA: Last year, Nikkola Company had net sales of 2.299.500,000 and cost of goods sold of 1,755,000,000....
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