Current Year 1 Year Ago 2 Years Ago Raw materials inventory, ending Raw materials used $ 169,500 2,160,000 $ 190,500 2,522,000 $ 197,500 2,765,000 Required: 1. Compute raw materials inventory turnover for the most recent two years. 2. Is the current year change in raw materials inventory turnover ratio favorable or unfavorable? 3. Compute days' sales in raw materials inventory for the current year.

Current Year 1 Year Ago 2 Years Ago Raw materials inventory, ending Raw materials used $ 169,500 2,160,000 $ 190,500 2,522,000 $ 197,500 2,765,000 Required: 1. Compute raw materials inventory turnover for the most recent two years. 2. Is the current year change in raw materials inventory turnover ratio favorable or unfavorable? 3. Compute days' sales in raw materials inventory for the current year.

Name: 8 A manufacturing company reports the following information.Raw materi
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Description: 8 A manufacturing company reports the following information.Raw materials inventory, endingRaw materials usedRequired:Current Year$ 169,5002,160,0001 Year Ago2 Years Ago$ 190,5002,522,000$ 197,5002,765,0001. Compute raw materials inventory turnover f

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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