Goffney

ACC-502 Topic 3 Kevin Goffney 1. Calculate Inventory Turnover Ratio for Coca Cola Name of Ratio: Inventory Turnover Ratio Formula is: Cost of Goods Sold/Average Inventory Coca Cola Co. 2023 2022 Cost of Goods Sold $18,500 $18,000 Average Inventory $4,424 $4,433 Inventory Turnover 4.181736 4.060456 2. Calculate Average Days in Inventory Name of Ratio: Average Days in Inventory Ratio Forula is: 365 Days/Inventory Turnover Coca Cola Co. 2023 2022 Number of Days 365 365 Inventory Turnover 4.181736 4.060456 Average Days in Inventory 87.284324 89.89138 References: https://investors.coca-colacompany.com/filings-reports/annual-filings-10-k A B C D E F G H 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31