Table 2 Date January 1, 2006 July 1, 2006 December 31, 2006 Level of Inventory $75 million 93 million 86 million 8. Given the information in Table 2, find inventory investment in 2006. 9. If gross investment is 1200 and depreciation is 400, find net investment. 10. If net investment is 1500, indirect business taxes are 300, and depreciation is 500, find gross investment.
Table 2 Date January 1, 2006 July 1, 2006 December 31, 2006 Level of Inventory $75 million 93 million 86 million 8. Given the information in Table 2, find inventory investment in 2006. 9. If gross investment is 1200 and depreciation is 400, find net investment. 10. If net investment is 1500, indirect business taxes are 300, and depreciation is 500, find gross investment.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:Table 2
Date
January 1, 2006
July 1, 2006
December 31, 2006
Level of Inventory
$75 million
93 million
86 million
8. Given the information in Table 2, find inventory investment in 2006.
9. If gross investment is 1200 and depreciation is 400, find net investment.
10. If net investment is 1500, indirect business taxes are 300, and depreciation is 500,
find gross investment.
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