Please do not give solution in image format thanku Wildhorse Co. reported the following information for a three-year period:Ending inventorySalesCost of goods soldProfit2021$22,000134,0003.90065,66032,000Calculate the inventory turnover, days sales in inventory, and gross profit margin for 2021 and 2020. (Round number of daysanswers to O decimal places, e.g. 52. Round other answers to 2 decimal places, eg. 52.75. Use 365 days for calculation)Inventory turnoverDays sales in inventory20212020$29,000137,00067,13043,000142019$34,000113,00055,37041,000timesdaystve2020timesdaysRAW Inventory turnoverDays sales in inventoryGross profit margineTextbook and Media2021The company's liquidity appears to beeTextbook and Media14timesBased on this information, does the company's liquidity appear to be improving or deteriorating?Bdays%2020dtvA@timesdays96TU

Name: Please do not give solution in image format thanku Wildhorse Co. repor
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Description: Please do not give solution in image format thanku Wildhorse Co. reported the following information for a three-year period:Ending inventorySalesCost of goods soldProfit2021$22,000134,0003.90065,66032,000Calculate the inventory turnover, days sales i

Inventory Turnover :— It is calculated by dividing cost of goods sold by average inventory. Days…

Business

Accounting

Wildhorse Co. reported the following information for a three-year period: Ending inventory Sales Cost of goods sold Profit 2021 $22,000 134,000 65,660 32,000 Inventory turnover Days sales in inventory Calculate the inventory turnover, days sales in inventory, and gross profit margin for 2021 and 2020. (Round number of days answers to O decimal places, e.g. 52. Round other answers to 2 decimal places, eg. 52.75. Use 365 days for calculation) 2021 2020 $29,000 137,000 67,130 43,000 14 2019 $34,000 113,000 55,370 41,000 times days dtv 2020 A P times days

Wildhorse Co. reported the following information for a three-year period: Ending inventory Sales Cost of goods sold Profit 2021 $22,000 134,000 65,660 32,000 Inventory turnover Days sales in inventory Calculate the inventory turnover, days sales in inventory, and gross profit margin for 2021 and 2020. (Round number of days answers to O decimal places, e.g. 52. Round other answers to 2 decimal places, eg. 52.75. Use 365 days for calculation) 2021 2020 $29,000 137,000 67,130 43,000 14 2019 $34,000 113,000 55,370 41,000 times days dtv 2020 A P times days

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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