Adams Corporation estimates that it lost $75,000 in inventory from a recent flood. The following information is available from the records of the company’s periodic inventory system: beginning inventory, $150,000; purchases and net sales from the beginning of the year through the date of the flood, $450,000 and $700,000, respectively.   What is the company’s gross profit ratio? Gross profit ratio Choose Numerator:   Choose Denominator:   Gross profit ratio   /   = Gross profit ratio   /   =

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A: Ratio Analysis Is a Method Of  Analysis Of The Company's Liquidity, Profitability By Comparing The…

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A: Inventory can be valued using various methods -First-in First-Out Method - Under the First-in…

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A: Gross profit ratio is calculated by dividing gross profit by sales revenue. Gross profit is the…

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Q: Adams Corporation estimates that it lost $75,000 in inventory from a recent flood. The following…

A: Formula to calculate gross profit ratio:

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A: Formulaes for calculation of inventory turnover ratio are given below   inventory turnover = cost…

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A: DIO( Days Inventory Outstanding)=(Avg Inventory/COGS)*No of days

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A: Cost of goods available for sale = Beginning inventory + purchases Cost of goods sold = Sales -…

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A: Average Inventory = ( Opening Inventory + Closing Inventory ) / 2             For Current Year =  (…

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A: Ratio analysis helps to analyze the financial statements of the company. Management can make…

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A: Lets understand the basics.INVENTORY TURNOVERInventory Turnover Ratio is the Ratio between Cost of…

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A: Given:

Q: what is the number of days' sales in inventory

A: number of days' sales in inventory =(Ending Inventory/Cost of Goods Sold )X 365 days

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A:

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