Homework Answers
| Raw Material Inventory Turnover | ||||||||
| Choose Numerator | Choose Denominator | Raw Material Inventory Turnover | ||||||
| 14,176 | 3657 | 3.88 | ||||||
| Average Inventory= | Opening stock+closing stock/2 | |||||||
| Average Inventory= | (3815+3499)/2 | |||||||
| Average Inventory= | 3,657 | |||||||
| Days sale in Raw Material inventory | ||||||||
| Choose Numerator | Choose Denominator | * | Days | = | Days sale in Raw Material inventory yearly | |||
| 3,499 | 14176 | 0.25 | 365 | 90.09 | ||||
| Days sale in Raw Material inventory | ||||||||
| Choose Numerator | Choose Denominator | * | Days | = | Days sale in Raw Material inventory yearly | |||
| 3,499 | 14176 | 0.25 | 366 | 90.34 | ||||
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QS 14-17 Raw materials inventory management LO A1 Nestlé reports beginning raw materials inventory of 3,815...
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