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Compute for the net sales that would be reported in LIVA company's Income Statemen

Suppose a divison of Florida Instruments Incorporated that sells computer microchips has these inventory records for January 2018​: Date      Item                          Quantity       Unit Cost         Total Cost Jan  1   Beginning Inventory   140 units     $ 8                  $ 1,120         6  Purchase                      50 units         14                    700        21  Purchase                     200 units        16                  3,200         27  Purchase                     70 units          17                   1,190 Prepare the​ company's January​, multistep income statement. Calculate income using the​ LIFO, average-cost, and FIFO methods. Label the bottom line​ "Operating income." Round the average cost per unit to three decimal places and all other figures to​ whole-dollar amounts. Show your computations. 2. Suppose you are the financial vice president of Florida Instruments. Which inventory method will you use if your motive is to a. minimize income​ taxes? b.…

Use the following information relating to Clover Company to calculate (a) the inventory turnover ratio, (b) gross margin, and (c) the number of days' sales in inventory ratio, for years 2022 and 2023. Assume a year has 365 days. Do not round intermediate calculations and round your final answers to 3 decimal places. Year 2021 Year 2022 Year 2023 Year 2022 Year 2023 Sales $260,000 305,000 333,000 Cost of Goods Sold $187,500 241,250 242,250 Inventory Turnover Average Inventory $25,000 30,000 38,000 Gross Margin Days' Sales in Inventory

Use the following information relating to Clover Company to calculate (a) the inventory turnover ratio, (b) gross margin, and (c) the number of days' sales in inventory ratio, for years 2022 and 2023. Assume a year has 365 days. Do not round intermediate calculations and round your final answers to 3 decimal places. Cost of Average Sales Goods Sold Inventory Year 2021 $260,000 $177,500 $25,000 Year 2022 305,000 221,250 30,000 Year 2023 343,000 242,250 35,000 Inventory Gross Days' Sales Turnover Margin in Inventory Year 2022 Year 2023

The following information was available for the year ended December 31, 2019: Net sales $821,250 Cost of goods sold Average accounts receivable for the year Accounts receivable at year-end Average inventory for the year Inventory at year-end 602, 250 39,100 30,400 166,000 157,575 Required: a. Calculate the inventory turnover for 2019. (Round your answer to 2 decimal places.) b. Calculate the number of days' sales in inventory for 2019, using year-end inventories. (Use 365 days a year. Round your answer to 1 decimal place.) c. Calculate the accounts receivable turnover for 2019. (Round your answer to 1 decimal place.) d. Calculate the number of days' sales in accounts receivable for 2019, using year-end accounts receivable. (Use 365 days a year. Round your answer to 1 decimal place.) a. Inventory turnover b. Number of days' sales in Inventory c. Accounts receivable turnover d. Number of days' sales in accounts receivable times days times days

Please help with the following link answer the below. I cannot find the correct statement.https://investors.generalmills.com/financial-information/annual-reports/default.aspx   Using the fiscal year end 2020 annual report for General Mills, Inc. and the figures from the 2020 annual report as noted below, calculate the financial ratios for 2020 and 2019 indicated using the EXCEL template provided:10. Average collection period11. Inventory turnover12. Days’ sales in inventory13. Debt-to-equity ratio14. Times-interest-earned ratio15. Operating-cash-flow-to-capital-expenditures ratio 16. Earnings per share17. Price-earnings ratio18. Dividend yield19. Dividend payout ratio Total assets 2020 = $30,806.7Total stockholders’ equity 2020 = $8,349.5Total current liabilities 2020 = $7,491.5Accounts receivable 2020 = $1,615.1Inventory 2020 = $1,426.3Year-end closing stock price May 2020 = $58.80Year-end closing stock price May 2019 = $53.56

Suppose this information is available for PepsiCo, Inc. for 2020, 2021, and 2022. Calculate the inventory turnover for 2020, 2021, and 2022.

The following information is available for Mikell Corporation from their inventory records as of the first quarter of 2023 for Product X: \table[[,(,(