Blue SA and Orange NV reported the following information in their financial statements, prior to theirmerger:€ millions Sales20222021OO 1.80O2.60OBlue SA1.783.98COGS€28,500 €19,30027,500 17,120Inventories€6,6708,940The LIFO reserve for Orange NV is €1,780 at the end of 2022 and €1,520 at the end of 2021. What is the2022 adjusted inventory turnover for Orange NV?Orange NVSales COGSInventories€44,280 €32,100 €16,90046,10028,400 15,900

Name: Blue SA and Orange NV reported the following information in their fin
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Description: Blue SA and Orange NV reported the following information in their financial statements, prior to theirmerger:€ millions Sales20222021OO 1.80O2.60OBlue SA1.783.98COGS€28,500 €19,30027,500 17,120Inventories€6,6708,940The LIFO reserve for Orange NV is

An adjusted inventory turnover ratio is the ratio which is used by the company when the adjusted…

Answered: The LIFO reserve for Orange NV is…

Business

Accounting

The LIFO reserve for Orange NV is €1,780 at the end of 2022 and €1,520 at the end of 2021. What is the 2022 adjusted inventory turnover for Orange NV?

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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