Compute krafts inventory turnover for the yearcompute the

Assignment Help Accounting Basics

Reference no: EM13597792

A recent annual report of Kraft Foods, Inc., reveals the following information (dollar amounts are stated in millions):

Cost of goods sold- $24,651
Inventory (begining year)- $3,506
Inventory end of year- $4,096
average time to collect receivables- 45 days

1.Compute Kraft's inventory turnover for the year?
2.Compute the number of days required by Kraft to sell its average inventory?
3.What is the length of Kraft's operating cycle?

Reference no: EM13597792

Questions Cloud

Settled a product liability lawsuit with a customer for : the following items were selected from among the transactions completed by emerald bay stores co. during the current

What is the net monetary advantage disadvantage of : iacollia company makes two products from a common input. joint processing costs up to the split-off point total 47300 a

Determine the effect on the companys total net operating : ries corporation has received a request for a special order of 8200 units of product r34 for 34.60 each. the normal

You have just graduated from college and landed your first : you have just graduated from college and landed your first big job. you have always dreamed of being a homeowner and

Compute krafts inventory turnover for the yearcompute the : a recent annual report of kraft foods inc. reveals the following information dollar amounts are stated in millions cost

Marcys cumulative earnings before this pay period were : marcys cumulative earnings before this pay period were 6200 and gross for this week is 500. how much of this weeks pay

A recent income statement of walmart reports sales of : a recent income statement of walmart reports sales of 405046 million and cost of goods sold of 304657 million for the

Determine hassells and lawsons participation in the years : candace hassell and abby lawson formed a partnership investing 240000 and 80000 respectively.independent assumptionsa

Ivy industrial packing co purchased a packing machine for : ivy industrial packing co purchased a packing machine for 950000 at the beginning of 2009. the robot has an estimated

User Account

All Pages