Project the average inventory balance in Year X and use it to compute the implied ending inventory balance. Round to the nearest dollar except for Inventory Turnover (IT). For IT round to 2 places beyond the decimal point. Walton’s (data in millions) Year X-1 Year X Year X+1 Revenue $ 58,790 $ 63.541 ? Cost of Goods Sold 38,518 42,445 ? Ending Inventory 7,250 7,350 ? Inventory Turnover ? Average Inventory ?
Project the average inventory balance in Year X and use it to compute the implied ending inventory balance. Round to the nearest dollar except for Inventory Turnover (IT). For IT round to 2 places beyond the decimal point. Walton’s (data in millions) Year X-1 Year X Year X+1 Revenue $ 58,790 $ 63.541 ? Cost of Goods Sold 38,518 42,445 ? Ending Inventory 7,250 7,350 ? Inventory Turnover ? Average Inventory ?
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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Question
Project the average inventory balance in Year X and use it to compute the implied ending inventory balance.
Round to the nearest dollar except for Inventory Turnover (IT). For IT round to 2 places beyond the decimal point.
Walton’s (data in millions)
|
|
Year X-1 |
Year X |
Year X+1 |
|
Revenue |
$ 58,790 |
$ 63.541 |
? |
|
Cost of Goods Sold |
38,518 |
42,445 |
? |
|
Ending Inventory |
7,250 |
7,350 |
? |
|
Inventory Turnover |
|
? |
|
|
Average Inventory |
|
|
? |
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