Chat with AI
Financial & Managerial Accounting 3rd Edition by Charles Horngren,Harrison, Walter,Suzanne Oliver
Edition 3ISBN: 978-0132962339Financial & Managerial Accounting 3rd Edition by Charles Horngren,Harrison, Walter,Suzanne Oliver
Edition 3ISBN: 978-0132962339 Exercise 39
Amazon.com's financial statements in Appendix A at the end of this book reveal some interest-ing relationships. Answer these questions about Amazon :
Requirements
1. Compute trend analyses for net sales and net income. Use 2007 as the base year. What is the most notable aspect of this data
2. Compute inventory turnover for 2009 and 2008. The inventory balance at December 31, 2009, was $2,171 million. Do the trend of net income from 2008 to 2009 and the change in the rate of inventory turnover tell the same story or a different story Explain your answer.
Requirements
1. Compute trend analyses for net sales and net income. Use 2007 as the base year. What is the most notable aspect of this data
2. Compute inventory turnover for 2009 and 2008. The inventory balance at December 31, 2009, was $2,171 million. Do the trend of net income from 2008 to 2009 and the change in the rate of inventory turnover tell the same story or a different story Explain your answer.
Explanation
Verified
Verified
2.
The cost of goods sold for 2008 was $...
Financial & Managerial Accounting 3rd Edition by Charles Horngren,Harrison, Walter,Suzanne Oliver
Why don’t you like this exercise?
Other Minimum 8 character and maximum 255 character
Character 255
