please need to find/calculate Inventory turnover Current Ratio Return on sales I
ID: 2799781 • Letter: P
Question
please need to find/calculate
Inventory turnover
Current Ratio
Return on sales
Income Statement All numbers in thousands Revenue 1/28/2017 Total Revenue 69,495,000 Cost of Revenue 48,872,000 Gross Profit 20,623,000 Operating Expenses Research Development Selling General and Administrative Non Recurring Others 13,356,000 2,298,000 Total Operating Expenses Operating Income or Loss 4,969,000 Income from Continuing Operations Total Other Income/Expenses Net Earnings Before Interest and Taxes Interest Expense Income Before Tax 4,969,000 1,004,000 3,965,000 1,296,000 Income Tax Expense Minority Interest Net Income From Continuing Ops 2,669,000Explanation / Answer
Inventory turnover :
= Costs of goods sold/Ending inventory
= $48,872,000/$8,309,000
= 5.88 times
Inventory turnover is 5.88 times
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