ACCOUNTING:TOOLS... W/WILEYPLUS >C<
ACCOUNTING:TOOLS... W/WILEYPLUS >C<
6th Edition
ISBN: 9781119298243
Author: Kimmel
Publisher: WILEY C
Question
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Chapter 6, Problem 12E

(a)

To determine

Calculate the inventory turnover for 2016 and 2017 of Company Z, the days in inventory of Company Z for 2016 and 2017 and the gross profit rate of Company Z for 2016 and 2017.

(b)

To determine

Explain whether the liquidity and profitability of Company Z improve or deteriorate in 2017

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