Perez Corporation has the following financial data for the years 20X1 and 20X2: 20X1 20X2 Sales $ 3,472,500 $ 4,462,500 Cost of
goods sold 2,546,500 3,570,000 Inventory 463,000 595,000 a. Compute the inventory turnover for each year using the formula Sales/Inventory. (Round your answers to 2 decimal places.) b. Compute inventory turnover based on an alternative calculation that is used by many financial analysts, Cost of goods sold/Inventory, for each year. (Round your answers to 2 decimal places.)
1 answer:
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Answer:
see explanation
Step-by-step explanation:
(e)
-
= 1
Multiply through by 12 to clear the fractions
4(2x - 1) - 3(3x - 1) = 12 ← distribute parenthesis and simplify
8x - 4 - 9x + 3 = 12
- x - 1 = 12 ( add 1 to both sides )
- x = 13 ( multiply both sides by - 1 )
x = - 13
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(f)
- 5 = 24 ( add 5 to both sides )
= 29 ( multiply both sides by 4 )
3m = 116 ( divide both sides by 3 )
m =
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(g)
-
= 3
Multiply through by 6 to clear the fractions
15(y + 2) - 8(y + 1) = 18 ← distribute parenthesis and simplify
15y + 30 - 8y - 8 = 18
7y + 22 = 18 ( subtract 22 from both sides )
7y = - 4 ( divide both sides by 7 )
y = -