Inventory Turnover ratio = Cost of Goods Sold/Average inventory
Days in inventory = 365/Inventory Turnover
Gross profit percentage = Gross Profit/Sales
2021 | 2022 | |
---|---|---|
Inventory Turnover |
= 24,943/[2239+2442)/2] = 10.7 |
= 23,259/[(2442+2958)/2] = 8.61 |
Days in inventory |
= 365/10.7 = 34.1 |
= 365/8.61 = 42.39 |
Gp rate | 42.58% | 45.18% |
Comment if you face any issues
This information is available for Culver Inc. for 2021 and 2022. (in millions) 2021 2022 Beginning...
Suppose this information is available for PepsiCo, Inc. for 2020, 2021, and 2022. (in millions) Beginning inventory Ending inventory 2020 2021 2022 $1,800 $2,300 $2,600 2,300 2,600 2,700 Cost of goods sold 18,450 21,805 21,730 Sales revenue 40,200 47,200 47,140 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 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...
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...
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 $1,700 2,200 15,015 38,600 2021 $2,200 2,500 17,860 45,100 2022 $2,500 2,600 17,595 45,000 (a) 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 time e Textbook and Media
Suppose this information is available for PepsiCo, Inc. for 2020, 2021, and 2022. (in millions) 2020 2021 2022 Beginning inventory $1,700 $2,300 $2,500 Ending inventory 2,300 2,500 2,600 Cost of goods sold 17,000 20,160 19,635 Sales revenue 38,900 44,500 44,420 (a) 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 enter an inventory turnover times enter an inventory turnover times enter an inventory turnover times
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 $1,700 2,200 15.015 38,600 2021 $2,200 2,500 17,860 45,100 2022 $2,500 2,600 17,595 45,000 Calculate the days in inventory for 2020, 2021, and 2022. (Round days in inventory to 1 decimal place, e.g. 5.1.) 2020 2021 2022 Days in inventory days days d e Textbook and Media Save for Later
The following information is available for Grouper Company for 2022. Grouper uses the LIFO inventory method. Beginning inventory Ending inventory Beginning LIFO reserve Ending LIFO reserve Cost of goods sold Sales $608,500 719,000 205,000 298,000 5,859,075 7,961,000 Calculate the inventory turnover and days in inventory for Grouper Company based on LIFO. (Round answers to 1 decimal place, e.g. 15.2. Use 365 days for calculation.) Inventory turnover times Days in inventory days Calculate the inventory turnover and days in inventory after...
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...
At December 31, 2022, the following information (in thousands) was available for Flounder Inc.: ending inventory $22,600; beginning inventory $21,200; cost of goods sold $175,200, and sales revenue $445,000. Calculate the inventory turnover and days in inventory for Flounder. (Round answers to 1 decimal places, e.g. 15.2. Use 365 days for calculation.)