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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?

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
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?
Transcribed Image Text: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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