CNOWv2 Student Help x +enow.com/ilrn/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSession Locato...시기wsing Protection X Chapter 9<Cost of merchandise soldInventories:Beginning of yeareBookInventory Turnover and Days' Sales in InventoryFinancial statement data for years ending December 31 for Amsterdam Company follow:End of year20Y420Y3XInventory Turnover20Y4Show Me How20Y3CengageNOWv2 | Online t XSearch20Y4$3,598,900593,000648,000a. Determine the inventory turnover for 20Y4 and 20Y3. Round to one decimal place.Print Item20Y3$3,015,630b. Determine the days' sales in inventory for 20Y4 and 20Y3. Assume 365 days a year. Round interim calculations and final answersto one decimal place.OL589,600Days' Sales in Inventorydaysdaysc. Does the change in the inventory turnover and the days' sales in inventory from 20Y3 to 20Y4 indicate a favorable or an unfavorable593,00010Q813PrtScInsertS13/

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Inventory Turnover and Days' Sales in Inventory Financial statement data for years ending December 31 for Amsterdam Company follow: Cost of merchandise sold Inventories: Beginning of year End of year 20Y4 20Y3 20Y4 $3,598,900 2014 593,000 20Y3 648,000 a. Determine the inventory turnover for 20Y4 and 20Y3. Round to one decimal place. Inventory Turnover 20Y3 $3,015,630 589,600 593,000 b. Determine the days' sales in inventory for 20Y4 and 20Y3. Assume 365 days a year. Round interim calculations and final answers to one decimal place. Days' Sales in Inventory days days c. Does the change in the inventory turnover and the days' sales in inventory from 20Y3 to 20Y4 indicate a favorable or an unfavorable

Inventory Turnover and Days' Sales in Inventory Financial statement data for years ending December 31 for Amsterdam Company follow: Cost of merchandise sold Inventories: Beginning of year End of year 20Y4 20Y3 20Y4 $3,598,900 2014 593,000 20Y3 648,000 a. Determine the inventory turnover for 20Y4 and 20Y3. Round to one decimal place. Inventory Turnover 20Y3 $3,015,630 589,600 593,000 b. Determine the days' sales in inventory for 20Y4 and 20Y3. Assume 365 days a year. Round interim calculations and final answers to one decimal place. Days' Sales in Inventory days days c. Does the change in the inventory turnover and the days' sales in inventory from 20Y3 to 20Y4 indicate a favorable or an unfavorable

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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Subject: accounting