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Inventory Turnover and Number of Days' Sales in Inventory
The following financial statement data for years ending December 31 for Gillispie Company are shown below.
a. Determine the inventory turnover for 2016 and 2015. Round to one decimal place.
b. Determine the number of days' sales in inventory for 2016 and 2015. Assume 365 days a year. Round interim calculations and final answers to one decimal place.
c. Does the change in inventory turnover and the number of days' sales in inventory from 2015 to 2016 indicate a favorable or an unfavorable trend?
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Timothy Moher owns 440 acres of land on sugar land Michigan. Sugar land is located on St. Mary's River which marks the international border between Canada and the United States. Mohers land is 2 miles from Canada.
Suppose that a large company is considering replacing a legacy system that is nearing obsolescence. Describe any aspects of this decision that the company should consider.
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a project has the following cash flows year 0 cash flow 58000 year 1 cash flow -34000 year 2 cash flow -45000a. what is
Provide reasoning and examples for how accounting software
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