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Question: Calculating the Inventory Turnover Ratio and Days to Sell Using the data in problem, calculate to one decimal place the inventory turnover ratio and days to sell for Dillard's. In a recent year, Macy's reported an inventory turnover ratio of 2.6. Which company's inventory turnover is faster?
Problem: Inferring Purchases Using the Cost of Goods Sold Equation Dillard's, Inc., operates 330 department stores located in 29 states primarily in the Southwest, Southeast, and Midwest. In its annual report for the year ended January 28, 2006, the company reported cost of goods sold of $5,014 million, ending inventory for the current year of $1,803 million, and ending inventory for the previous year of $1,733 million. Is it possible to develop a reasonable estimate of the merchandise purchases for the year? If so, prepare the estimate. If not, explain why.
what are the three categories of sfas 115? how do we treat unrealized gains and losses under each method? after that
To the nearest dollar, how much must he save during each of the next 10 years (with deposits being made at the end of each year) to meet his retirement goal
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For some years, the Adjo Trading Company Ltd. has made provision in its books for taxation based on all profits earned to the Balance Sheet date.
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Lawton Company collected $8,400 in May of 2006 for 4 months of service which would take place from October of 2006 through January of 2007. The revenue reported from this transaction during 2006 would be:
Faith-based decision making in business (hiring and customers served)
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you have credit sales for the year of 1000000. return and allowances are 100.000.you write-off an amount for 50000
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