H1. Oriole Games reported the following information for a three-year period:Ending inventorySalesCost of goods soldProfit(a)Inventory turnover2024$22,000Gross profit margin137,50060,50033,000Days sales in inventory2023$33,000140,80061,95246,200Calculate the inventory turnover, days sales in inventory, and gross profit margin for 2024 and 2023. (Round number of daysanswers to 0 decimal places, e.g. 52 and other answers to 2 decimal places, e.g. 52.75. Use 365 days forcalculation.)20222024$37,400126,50055,66044,000timesdays%2023timesdays%

Name: H1. Oriole Games reported the following information for a three-year p
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Description: H1. Oriole Games reported the following information for a three-year period:Ending inventorySalesCost of goods soldProfit(a)Inventory turnover2024$22,000Gross profit margin137,50060,50033,000Days sales in inventory2023$33,000140,80061,95246,200Calcul

Lets understand the basics.Inventory turnover ratio shows how many times inventory gets converted…

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Oriole Games reported the following information for a three-year period: Ending inventory Sales Cost of goods sold Profit 2024 $22,000 137,500 60,500 33,000 2023 $33,000 140,800 61,952 46,200 2022 $37,400 126,500 55,660 44,000

Oriole Games reported the following information for a three-year period: Ending inventory Sales Cost of goods sold Profit 2024 $22,000 137,500 60,500 33,000 2023 $33,000 140,800 61,952 46,200 2022 $37,400 126,500 55,660 44,000

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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