The business type of this company is food services industry.Give me an analyzation or interpretation for Raw Material Turnover ratio of 353.18 Thankk you:) 4445Cost of Goods Sold6,628Finished Good Turnover5.3346Average FG Inventory1,24447Cost of Goods Manufactured48Work-in-Process Turnover4913930.38Average WIP Inventory3695.55051Cost of Materials Used6004Raw Material Turnover353.1852Average RM Inventory17.05354FG Turnover + WIP Turnover +Inventory Turnover5.33+0.38+353.18358.8855RM Turnover56360 days57360Age of Inventory1.0058Inventory Turnover358.885960360 days360Age of Recievable11.1461Recievables Turnover32.31

Solution Concept Mathematically Raw material turnover =cost of material used / average Raw…

Answered: Give me an analyzation or…

Business

Accounting

Give me an analyzation or interpretation for Raw Material Turnover ratio of 353.18

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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Question

The business type of this company is food services industry.

Give me an analyzation or interpretation for Raw Material Turnover ratio of 353.18 Thankk you:)

44
45
Cost of Goods Sold
6,628
Finished Good Turnover
5.33
46
Average FG Inventory
1,244
47
Cost of Goods Manufactured
48
Work-in-Process Turnover
49
1393
0.38
Average WIP Inventory
3695.5
50
51
Cost of Materials Used
6004
Raw Material Turnover
353.18
52
Average RM Inventory
17.0
53
54
FG Turnover + WIP Turnover +
Inventory Turnover
5.33+0.38+353.18
358.88
55
RM Turnover
56
360 days
57
360
Age of Inventory
1.00
58
Inventory Turnover
358.88
59
60
360 days
360
Age of Recievable
11.14
61
Recievables Turnover
32.31

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