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Zenith Supply Co. has an annual net income of $5.3 billion, the revenue of $48.5 billion, and a cost of goods sold of $27.8 billion. If the balance sheet amount shows $3.2 billion of inventory how many weeks of supply does Zenith Supply Co. hold?

Zenith Supply Co. has an annual net income of $5.3 billion, the revenue of $48.5 billion, and a cost of goods sold of $27.8 billion. If the balance sheet amount shows $3.2 billion of inventory how many weeks of supply does Zenith Supply Co. 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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Zenith Supply Co. has an annual net income of $5.3 billion, the revenue of $48.5 billion, and a cost of goods sold of $27.8 billion. If the balance sheet amount shows $3.2 billion of inventory how many weeks of supply does Zenith Supply Co. hold?
Transcribed Image Text:Zenith Supply Co. has an annual net income of $5.3 billion, the revenue of $48.5 billion, and a cost of goods sold of $27.8 billion. If the balance sheet amount shows $3.2 billion of inventory how many weeks of supply does Zenith Supply Co. hold?
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