kynet Unlimited is an innovator in the new industry of neural-networked computer nanufacturing. They employ about 40 employees in their automated factories. The ollowing table shows a summary of data extracted from their financial accounts at he end of accounting year 2021. ummary of Financial Account data 2021 (in thousands dollars) Sales Revenue 343 Profit before tax 87 Cost of goods sold 218 Capital employed 1,047 Starting inventory 26 Ending inventory 33 n 2020, the company's inventory turnover ratio was 7.28. What is their Inventory urnover ratio for the year 2021? ote: write the number with at most 2 decimal places (eg. 95.17)

kynet Unlimited is an innovator in the new industry of neural-networked computer nanufacturing. They employ about 40 employees in their automated factories. The ollowing table shows a summary of data extracted from their financial accounts at he end of accounting year 2021. ummary of Financial Account data 2021 (in thousands dollars) Sales Revenue 343 Profit before tax 87 Cost of goods sold 218 Capital employed 1,047 Starting inventory 26 Ending inventory 33 n 2020, the company's inventory turnover ratio was 7.28. What is their Inventory urnover ratio for the year 2021? ote: write the number with at most 2 decimal places (eg. 95.17)

SWFT Corp Partner Estates Trusts

42nd Edition

ISBN:9780357161548

Author:Raabe

Publisher:Raabe

Chapter16: Multistate Corporate Taxation

Section: Chapter Questions

Problem 43P

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