This information is available for Kingbird, Inc. for 2017, 2018, and 2019. 2017 2018 2019 Beginning inventory $ 106,000 $ 318,500 $ 410,000 Ending inventory 318,500 410,000 470,000 Cost of goods sold 894,000 1,127,500 1,292,500 Net sales 1,206,500 1,608,500 1,907,500 > (a1) (a2) (a3) Calculate gross profit rate for Kingbird, Inc. for 2017, 2018, and 2019. (Round a. 2017 2018 2019 Gross profit rate

This information is available for Kingbird, Inc. for 2017, 2018, and 2019. 2017 2018 2019 Beginning inventory $ 106,000 $ 318,500 $ 410,000 Ending inventory 318,500 410,000 470,000 Cost of goods sold 894,000 1,127,500 1,292,500 Net sales 1,206,500 1,608,500 1,907,500 > (a1) (a2) (a3) Calculate gross profit rate for Kingbird, Inc. for 2017, 2018, and 2019. (Round a. 2017 2018 2019 Gross profit rate

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Description: This information is available for Kingbird, Inc. for 2017, 2018, and 2019.201720182019Beginning inventory$ 106,000$318,500$ 410,000Ending inventory318,500410,000470,000Cost of goods sold894,0001,127,5001,292,500Net sales1,206,5001,608,5001,907,500(a

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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This information is available for Kingbird, Inc. for 2017, 2018, and 2019. 2017 2018 2019 Beginning inventory $ 106,000 $ 318,500 $ 410,000 Ending inventory 318,500 410,000 470,000 Cost of goods sold 894,000 1,127,500 1,292,500 Net sales 1,206,500 1,608,500 1,907,500 (a1) Calculate inventory turnover for Kingbird, Inc. for 2017, 2018, and 2019. (Round answers to 2 decimal places, e.g. 1.52.) 2017 2018 2019 Inventory turmover
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This information is available for Kingbird, Inc. for 2017, 2018, and 2019. 2017 2018 2019 Beginning inventory $ 106,000 $ 318,500 $ 410,000 Ending inventory 318,500 410,000 470,000 Cost of goods sold 894,000 1,127,500 1,292,500 Net sales 1,206,500 1,608,500 1,907,500 (a1) (a2) Your answer is partially correct. Try again. Calculate days in inventory for Kingbird, Inc. for 2017, 2018, and 2019. (Round answers to 1 de 2017 2018 2019 Days in inventory 86.9 days 117.7 days 125.8 days