Peak Distribution Corp. has an annual net income of $4.2 billion, total revenue of $45.6 billion, and a cost of goods sold of $22 billion. If the balance sheet reports $2.4 billion of inventory, how many weeks of supply does Peak Distribution Corp. hold?

Peak Distribution Corp. has an annual net income of $4.2 billion, total revenue of $45.6 billion, and a cost of goods sold of $22 billion. If the balance sheet reports $2.4 billion of inventory, how many weeks of supply does Peak Distribution Corp. hold?

Managerial Accounting: The Cornerstone of Business Decision-Making

7th Edition

ISBN:9781337115773

Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Chapter15: Financial Statement Analysis

Section: Chapter Questions

Problem 15BEA: Last year, Nikkola Company had net sales of 2,299,500,000 and cost of goods sold of 1,755,000,000....

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Peak Distribution Corp. has an annual net income of $4.2 billion,
total revenue of $45.6 billion, and a cost of goods sold of $22 billion.
If the balance sheet reports $2.4 billion of inventory, how many
weeks of supply does Peak Distribution Corp. hold?

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