what is The inventory turnover ratio for 2016? net sales 2016: $177,526 cost of sales 2016: $148,669 Inventories, net 2016: $14,760 net sales 2015: $153,290 Cost of sales 2015: $126,762 inventories, net 2015: $14,001

Q: Sunland Enterprises reported the following information for 2014: Beginning inventory   $30,080…

A: Solution:- 1)calculation of the gross profit margin as follows under:- Gross profit =Net sales-Cost…

Q: A company shows the following data in their accounting records for 2014. Inventory 12/31/14 =…

A: Cost of goods sold: It is the accumulate amount of all direct cost incurred in manufacturing the…

Q: Tin company had the following results during 2017:       Sales $ 723,000   Gross Margin $ 220,300…

A: Gross Margin = Sales - Cost of goods sold

Q: Suppose this information is available for PepsiCo, Inc. for 2015, 2016, and 2017. (in millions)…

A: As posted multiple sub parts we are answering only first three sub parts kindly repost the…

Q: Tinker's cost of goods sold in 2016 was $750,000 and the 2015 cost of goods sold was $770,000. The…

A: The average no. of days to sell inventory is calculated as the cost of goods sold divided by average…

Q: To answer the following questions, use the following information. Round to 1 decimal place for…

A: The inventory turnover ratio presents, the level of average inventory kept by a company in…

Q: Net Sales Revenue Cost of Goods Sold Average Inventory 2017 $ 5,430 4,100 765 2018 $ 6,080 4,580 880

A: Formula: Inventory turnover ratio = Cost of goods sold / Average inventory Division of Average…

Q: Computing Cost of Goods Sold and Ending Inventory: Bartov Corporation reports the following…

A: First -in, first- out (FIFO), Last- in, first- out (LIFO) and average cost method are some of the…

Q: Ahku Mab LTD has 13,500 sales revenue in 2021. The inventory information for the year is Beginning…

A: The cost of goods sold includes the total cost of goods that are sold during the period.  Cost of…

Q: The financial statements of ConAgra Foods, Inc.’s 2017 annual report disclose the following…

A:

Q: What is the inventory turnover ratio for Fair Isle Inc. for 2020 if the inventory at the beginning…

A: The inventory turnover ratio indicates the number of times inventory turns to sales. It can be…

Q: Geiger Corporation  reportes inventories of $1,320,000 in 2016 and $1,460,000 in 2017. The 2017…

A: Determine the amount of inventory purchases during 2017.

Q: BE18-12 The following data are from the income statements of Haskin Company. 2017 2016 Sales revenue…

A: The inventory turnover ratio is calculated by dividing the purchases or cost of goods sold by the…

Q: Milton Company reported inventory of $60,000 at the beginning of 2014. During the year, it purchased…

A: Cost of Goods Sold: The term "cost of goods sold" (COGS) refers to the direct expenses that are…

Q: Exxon Mobil Corporation: Analyzing Effects of LIFO on Inventory Turnover Ratios The current assets…

A: Since we only answer up to 3 sub-parts, we’ll answer the first 3. Please resubmit the question and…

Q: For 2015, ff information is provided on YG Corporation's cost of inventory using the FIFO and…

A: Decrease in Beginning Inventory = Beginning Inventory as per FIFO  - Beginning Inventory as per…

Q: The following information is available for Everett Company at December 31, 2015: beginning inventory…

A: We have the following information: Beginning Inventory: $80,000 Ending Inventory: $120,000 Cost of…

Q: In its 2018 annual report, Gap Inc. reported inventory of $1,997 million on January 31, 2018, and…

A: Solution: Inventory turnover is also known as activity ratio which is used to calculate the…

Q: Goldfire Ltd. provided the following information in 2013-2014: Particulars 31.3.2012 31.3.2013…

A: Inventory turnover ratio is a financial measure to determine the efficiency of the business. If the…

Q: Spree Company sold $769,300 of goods during the year at a cost of goods sold of $548,600. Inventory…

A: Inventory turnover ratio: This is a financial measure that is used to evaluate as to how many times…

Q: The financial statements of ConAgra Foods, Inc.'s 2017 annual report disclose the following…

A: The ratio analysis is performed to analyze the financial statements of the business for profit…

Q: The following information is available for Bramble Corp.:   2017 2016 Accounts receivable $…

A: Inventory turnover ratio shows that how efficiently inventory is managed  Inventory turnover ratio =…

Q: At the beginning of 2016, the Joan Company had an inventory valued at $34,375 at cost ($50,000 at…

A: Retail inventory method is used by retailers to value their closing stock without need of taking…

Q: A. Cost of goods sold is 48.57% of net sales for 2017 B. Net Sales increased $80 000 or 33.63%…

A: Analysis of financial statement means to find out the various relation between different interlinked…

Q: Inventory turnover and number of days' sales in inventory Financial statement data for years ending…

A: Lets understand the basics. Inventory turnover ratio indicates how many time inventory turns into…

Q: . Calculate the inventory turnover for the Years 2017 and 2018. B. Calculate the days' sales in…

A: Inventory: Inventory means the goods which are held by the company for the purpose of sale or…

Q: Glee Consolidated had sales of $15,000,000 for 2014. On December 31, 2013 the balance in Accounts…

A: Accounts receivable turnover ratio = Net credit sales / Average Accounts Receivables where, Average…

Q: In its 2015 annual report, Gap Inc. reported inventory of $1,889 million on January 31, 2015, and…

A: Workings: Inventor turnover = Cost of Goods sold / Average inventory.

Q: The financial statements of ConAgra Foods, Inc.’s 2017 annual report disclose the following…

A: Inventory turnover = Cost of goods sold / Average inventory Where, Average inventory = (Beginning…

Q: This information is available for Kingbird, Inc. for 2017, 2018, and 2019. 2017 2018 2019 Beginning…

A: Sales revenue: It is the revenue earned by a business on selling the goods or providing services to…

Q: Boxer Inc. reported inventory at the beginning of the current year of $360,000 and at the end of the…

A: Formula: Inventory turnover = Cost of goods sold / Average inventory Where, Average inventory =…

Q: Esquire Inc. uses the LIFO method to value its inventory. Inventory at January 1, 2016, was $500,000…

A: Last-in-First-Out (LIFO): In this method, items purchased recently are sold first. So, the value of…

Q: Making Business Decisions: Analyzing Apple’s Inventory Turnover Ratio You are considering an…

A: “Since you have asked multiple questions, we will solve the first question for you.  If you want a…

Q: Tinker’s Toys had cost of goods sold in 2009 of $7,506 millionand $7,646 million in 2008. Their…

A: Inventory turnover measures how many time the revenue of the average inventory during the year. It…

Q: Selected information from the operating records of Kay Company is as follows:  Net sales  P…

A: Inventory Turnover Formula  Inventory Turnover =Cost of goods soldAverage Inventory Average…

Q: Making Business Decisions: Analyzing Apple’s Inventory Turnover Ratio You are considering an…

A: Inventory turnover ratio shows the efficiency of the company in using its inventory over the period…

Q: Following are the account balances from Samuel Company's statement of comprehensive income:…

A: Cost of Goods Available for sale: It is the total cost of  opening finished goods  in an accounting…

Q: Tamarisk Company had ending inventory at end-of-year cost of $116,900 at December 31, 2016; $143,640…

A: The dollar value of LIFO strategy collects total cost data for a lot of stock, with the goal that…

Q: The following information is available for Sandhill Co. for three recent fiscal years.     2017…

A: Inventory turnover: This is the ratio which analyzes the number of times inventory is sold during…

Q: This information is available for Kingbird, Inc. for 2017, 2018, and 2019. 2017 2018 2019 Beginning…

A: Inventory turnover = cost of goods sold / Average inventory where, Average inventory = (beginning…

Q: For the period from 2016 through 2016, the Charlie Company had net sales of $500,000 and a gross…

A: THE GROSS PROFIT METHOD IS A WAY OF CALCULATING THE AMOUNT OF ENDING INVENTORY IN A REPORTING PERIOD…

Q: Haymitch Global Industries is a world leading producer of loudspeakers and other electronics…

A: Ratio analysis is a method of measuring the financial position of the organization with different…

Q: number of days' sales in inventory ratio, Cost of goods sold Beginning inventory $722,000 53,000

A: Formula: Number of days sales in inventory = 365 days / Inventory turnover ratio

Q: 2017 2018 Net Sales Revenue $ 5,430 $ 6,080 Cost of Goods Sold 4,100 4,580 Average Inventory 765 880…

A: Inventory turnover ratio = Cost of goods sold / Average inventory