Excerpts from Andre Company's December 31, 2024 and 2023, financial statements are presented below 2024 2023 $40,000 $36,000 28,000 35,000 190,000 186,000 114,000 108,000 425,000 405,000 240,000 225,000 32,500 28,000 What is the inventory turnover ratio for 2024? (Round your answer to two decimal places.) Accounts receivable Inventory Net sales Cost of goods sold Total assets Total stockholders' equity Net income

Excerpts from Andre Company's December 31, 2024 and 2023, financial statements are presented below 2024 2023 $40,000 $36,000 28,000 35,000 190,000 186,000 114,000 108,000 425,000 405,000 240,000 225,000 32,500 28,000 What is the inventory turnover ratio for 2024? (Round your answer to two decimal places.) Accounts receivable Inventory Net sales Cost of goods sold Total assets Total stockholders' equity Net income

Name: Excerpts from Andre Company's December 31, 2024 and 2023, financial s
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Description: Excerpts from Andre Company's December 31, 2024 and 2023, financial statements are presented below:20242023$36,000$40,00028,00035,000190,000 186,000114,000108,000425,000405,000240,000225,00032,50028,000What is the inventory turnover ratio for 2024?

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Cullumber Games reported the following information for a three-year period: 2024 2023 2022 Ending inventory $21,200 $31,800 $36,040 Sales 132,500 135,680 121,900 Cost of goods sold 53,000 54,272 48,760 Profit 31,800 44,520 42,400 Calculate the inventory turnover, days sales in inventory, and gross profit margin for 2024 and 2023. (Round number of days answers to O decimal places, e.g. 52 and other answers to 2 decimal places, e.g. 52.75. Use 365 days for calculation.) Inventory turnover Days sales in inventory Gross profit margin 2024 times days 2023 times days % %
Subject: accounting
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