Compute and compare the inventory turnover

Assignment Help Financial Accounting

Reference no: EM13915077

Refer to the note related to inventories in the CVS annual report in the Supplement to Chapter 1 to answer the following questions: What inventory method(s) does CVS use? Do you think many of the company's inventories are valued at market? Why or why not? Few companies use the retail method, so why do you think CVS uses it? Compute and compare the inventory turnover and days' inventory on hand for CVS for 2011 and 2010. Ending inventories in 2009 were $10,343 million.

Text Book: Financial and Managerial Accounting By Belverd Needles, Marian Powers, Susan V. Crosson.

Reference no: EM13915077

Questions Cloud

Risk assessment-mitigation strategy for a fictional airport : Creation of a risk assessment and mitigation strategy for a fictional airport that includes four distinct organizations. Based on a provided scenario, you will develop a report for the management team that includes personnel recommendations for IT..

Indulge your inner gadget geek : How has technology changed the communication process? Has technology changed the way people communicate in business? Provide at least two examples, whether of gadgets, software, other technologies, or a combination of technologies

Why do you suppose exxonmobil''s management chooses to use : Why do you suppose ExxonMobil's management chooses to use the LIFO inventory method? On what economic conditions, if any, do those reasons depend?

Calculate a value of chi-sqaure : The thinking is that differetn networks may affect how they report the news. Calculate a value of chi-sqaure, and determine the conclusion at the 95% level of confidence

Compute and compare the inventory turnover : Compute and compare the inventory turnover and days' inventory on hand for CVS for 2011 and 2010. Ending inventories in 2009 were $10,343 million.

Exploring bcom275 words, expressions, and concepts : Post any questions about the course materials, text readings, or sample final exam here in this thread. The individual assignment should remain an individual assignment, but you may certainly ask questions about similar problems.

Use to state an opinion or belief : What is an argument? A two part structure of claims, one part of which the premise or premises is given as the reason for thinking. The other part is the conclusions meaning the argument is true.

Pittman company decided to continue selling : compute the volume of sales by knowing that Pittman company decided to continue selling through agents and paying them the 20% commission rate.

Calculate inventory turnover and days inventory on hand : Calculate inventory turnover and days' inventory on hand for 2010 and 2011. (Round to one decimal place.) If you did C4, refer to your answer there for CVS.

User Account

All Pages