Chapter 12 Exploration 12.2e - Using the Information - Number of Days of Sales in Inventory Ratio (13) Goal: Learn to calculate and interpret the number of days of sales in inventory ratio. Instructions: Use the values given to calculate the number of days of sales in inventory ratio. Indicate whether the change in this ratio is favourable or unfavourable. Correct Spelling is vital! Moodle is brutal! Consult the Chart of Accounts for help here. If there are more than one debit or credit the account names must be in alphabetical order. Do not include the $ sign in your answers. Your answers must be correct to exactly 2 decimal places. Do not include the, indicating thousands in your answers. Date Column: Enter the date in the form MMM DD, e.g. January 3 would be entered as Jan 3 2025 Average Merchandise Inventory 30,000 Cost of Goods Sold 59,500 Number of days of sales in inventory: Rounded to 2 decimal places. 2025 2024 202.46 Hint: The textbook example demonstrates how to calculate the average inventory, but they have already calculated it here. Assuming all other things are constant, the change in this ratio is Favourable (F), Unfavourable (U)?
Chapter 12 Exploration 12.2e - Using the Information - Number of Days of Sales in Inventory Ratio (13) Goal: Learn to calculate and interpret the number of days of sales in inventory ratio. Instructions: Use the values given to calculate the number of days of sales in inventory ratio. Indicate whether the change in this ratio is favourable or unfavourable. Correct Spelling is vital! Moodle is brutal! Consult the Chart of Accounts for help here. If there are more than one debit or credit the account names must be in alphabetical order. Do not include the $ sign in your answers. Your answers must be correct to exactly 2 decimal places. Do not include the, indicating thousands in your answers. Date Column: Enter the date in the form MMM DD, e.g. January 3 would be entered as Jan 3 2025 Average Merchandise Inventory 30,000 Cost of Goods Sold 59,500 Number of days of sales in inventory: Rounded to 2 decimal places. 2025 2024 202.46 Hint: The textbook example demonstrates how to calculate the average inventory, but they have already calculated it here. Assuming all other things are constant, the change in this ratio is Favourable (F), Unfavourable (U)?
Excel Applications for Accounting Principles
4th Edition
ISBN:9781111581565
Author:Gaylord N. Smith
Publisher:Gaylord N. Smith
Chapter7: Inventory Cost Flow Assumptions (fifolifo)
Section: Chapter Questions
Problem 3R
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