The financial analysis of a manufacturing company for the previous year yielded the following details: Component Net revenue Amount (in €) 30,000 18,000 Cost of goods sold Value on hand Raw material Work in process Finished goods 900 1,000 1,500 The inventory turnover of the company is turns. (Enter your response rounded to two decimal places.)
The financial analysis of a manufacturing company for the previous year yielded the following details: Component Net revenue Amount (in €) 30,000 18,000 Cost of goods sold Value on hand Raw material Work in process Finished goods 900 1,000 1,500 The inventory turnover of the company is turns. (Enter your response rounded to two decimal places.)
Managerial Accounting
15th Edition
ISBN:9781337912020
Author:Carl Warren, Ph.d. Cma William B. Tayler
Publisher:Carl Warren, Ph.d. Cma William B. Tayler
Chapter16: Financial Statement Analysis
Section: Chapter Questions
Problem 5BE
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![The financial analysis of a manufacturing company for the previous year yielded the following details:
Component
Net revenue
Cost of goods sold
Value on hand
Raw material
Work in process
Finished goods
Amount (in €).
30,000
18,000
900
1,000
1,500
The inventory turnover of the company is
turns. (Enter your response rounded to two decimal places.)](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Ffd964568-ec41-4bc6-8f2a-36ccdcf80d43%2F6a69a5fe-8a7b-4a7e-a1c8-b8ed851bff26%2Fqsk3wza_processed.png&w=3840&q=75)
Transcribed Image Text:The financial analysis of a manufacturing company for the previous year yielded the following details:
Component
Net revenue
Cost of goods sold
Value on hand
Raw material
Work in process
Finished goods
Amount (in €).
30,000
18,000
900
1,000
1,500
The inventory turnover of the company is
turns. (Enter your response rounded to two decimal places.)
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