Computing the gross profit percentage, the rate of inventory turnover, and days in inventory [10 min]
Refer to the Carolina Communications data in Short Exercises 5-10 and 5-11.
Requirement
1. Calculate the gross profit percentage, rate of inventory turnover, and days in inventory ratios for 2012. One year earlier, at July 31, 2011, Carolinas inventory balance was $425.
Preparing a merchandisers income statement [5-10min]
Carolina Communications, Corp., reported the following figures in its financial statements:
Requirement
1. Prepare the business’s multi-step income statement for the year ended July 31, 2012.
Preparing a merchandisers balance sheet [10 min]
Review the data in Exercise.
Requirement
1. Prepare Carolina Communications’ classified balance sheet at July 31, 2012. Use the report format.
We need at least 10 more requests to produce the solution.
0 / 10 have requested this problem solution
The more requests, the faster the answer.