Homework Answers
Days in inventory = 365/Inventory Turnover
2021
= 365/7.9
= 46.2 days
2022
= 365/9.7
= 37.6 days
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Do It! Review 6-03b a1-a2 Early in 2022, Swifty Corporation switched to a just-in-time inventory system....
Calculate the days in inventory for 2020, 2021, and 2022. (Round days in inventory to 1...
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Suppose this information is available for PepsiCo, Inc. for 2020, 2021, and 2022. (in millions) Beginning...
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Suppose this information is available for PepsiCo, Inc. for 2020, 2021, and 2022. (in millions) Beginning inventory End...
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Problem 6-08A a1-a2 (Part Level Submission)
Swifty Inc. is a retailer operating in British Columbia. Swifty
uses the perpetual inventory method. All sales returns from
customers result in the goods being returned to inventory; the
inventory is not damaged. Assume that there are no credit
transactions; all amounts are settled in cash. You are provided
with the following information for Swifty Inc. for the month of
January 2020.
Problem 6-08A a1-a2 (Part Level Submission) Swifty Inc. is a retailer operating...
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Question 2 of 2 4.95 2021 Inventory Net sales Cost of goods sold 2022 $565,000 1,895,000...
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Suppose this information is available for PepsiCo, Inc. for 2020, 2021, and 2022. in millions) Beginning...
Suppose this information is available for PepsiCo, Inc. for 2020, 2021, and 2022. in millions) Beginning inventory Ending Inventory Cost of goods sold Sales revenue 2020 2021 2022 $1,800 $2,200 $2.500 2.200 2.500 2600 17.000 19,740 19,635 38.200 43,100 43,060 - Your answer is partially correct. Calculate the inventory turnover for 2020, 2021, and 2022. Round Inventory tumover to 1 decimal place. 3. 51 2020 2021 2022 Inventory turnover 5 times 2.35 times 255 times e Textbook and Media Assistance...
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Suppose this information is available for PepsiCo, Inc. for 2020, 2021, and 2022. (in millions) Beginning inventory Ending inventory Cost of goods sold 2020 2021 2022 $2,100 $2,500 $2,800 2,500 2,800 2,900 20,930 23,850 23,655 38,900 43,600 43,480 Sales revenue Calculate the inventory turnover for 2020, 2021, and 2022. (Round inventory turnover to 1 decimal place, e.g. 5.1.) 2020 2021 2022 Inventory turnover times times times e Textbook and Media Calculate the days in inventory for 2020, 2021, and 2022....
Suppose this information is available for PepsiCo, Inc. for 2020, 2021, and 2022. (in millions) Beginning inventory Ending inventory Cost of goods sold Sales revenue 2020 $2,100 2,400 16,200 39,800 2021 $2,400 2,700 18,105 42,600 2022 $2,700 2,800 17,600 42,510 Calculate the inventory turnover for 2020, 2021, and 2022. (Round inventory turnover to 1 decimal place, e.g. 5.1.) 2020 2021 2022 Inventory turnover times times times Calculate the days in inventory for 2020, 2021, and 2022. (Round days in inventory...
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Problem 6-08A a1-a2 (Part Level Submission)
Swifty Inc. is a retailer operating in British Columbia. Swifty
uses the perpetual inventory method. All sales returns from
customers result in the goods being returned to inventory; the
inventory is not damaged. Assume that there are no credit
transactions; all amounts are settled in cash. You are provided
with the following information for Swifty Inc. for the month of
January 2020.
Problem 6-08A a1-a2 (Part Level Submission) Swifty Inc. is a retailer operating...
This information is available for Culver Inc. for 2021 and 2022. (in millions) 2021 2022 Beginning inventory Ending inventory $2,239 $2,442 2,442 2,958 24,943 23,259 Cost of goods sold Sales 43,441 42,427 Calculate the inventory turnover, days in inventory, and gross profit rate for Culver Inc. for 2021 and 2022. (Round gross profit rate to 2 decimal places, eg. 0.25 and all other answers to 1 decimal place, e.g. 15.2. Use 365 days for calculation.) 2021 2022 Inventory turnover ratio...
Question 2 of 2 4.95 2021 Inventory Net sales Cost of goods sold 2022 $565,000 1,895,000 1,421,250 $572,000 1,784,000 1,159,600 2020 $320,000 1,360,000 930,000 (a) Calculate the inventory turnover, days in inventory, and gross profit rate for 2022 and 2021. (Round inventory turnover to 1 place, e.g. 5.2, days in inventory to 0 decimal places, e.g. 125 and gross profit rate to 1 decimal place, eg. 5.2%.) 2022 2021 Inventory Turnover 2.9 times 2.4 times Days in Inventory 126 days...
Suppose this information is available for PepsiCo, Inc. for 2020, 2021, and 2022. in millions) Beginning inventory Ending Inventory Cost of goods sold Sales revenue 2020 2021 2022 $1,800 $2,200 $2.500 2.200 2.500 2600 17.000 19,740 19,635 38.200 43,100 43,060 - Your answer is partially correct. Calculate the inventory turnover for 2020, 2021, and 2022. Round Inventory tumover to 1 decimal place. 3. 51 2020 2021 2022 Inventory turnover 5 times 2.35 times 255 times e Textbook and Media Assistance...
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