Give me an analyzation or interpretation for Work-in-Process Turnover ratio of 0.38. Thankk you:)
Give me an analyzation or interpretation for Work-in-Process Turnover ratio of 0.38. Thankk you:)
Chapter5: Operating Activities: Purchases And Cash Payments
Section: Chapter Questions
Problem 2.7C
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Question
The business type of this company is food services industry.
Give me an analyzation or interpretation for Work-in-Process Turnover ratio of 0.38. 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](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F1ee2acc8-5b88-4643-8d96-c2ea1fdb6070%2F2fd5fb65-0229-4d6a-9cc6-9274f8b5c78a%2F09kg4qe_processed.png&w=3840&q=75)
Transcribed Image Text: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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