Font Paragraph Styles Q4 The Green Corporation has ending in

Font Paragraph Styles Q4: The Green Corporation has ending inventory of $417,381, and cost of goods sold for the year just ended was $4,682,715. What is the inventory turnover? The days\' sales in inventory? How long on average did a unit of inventory sit on the shelf before it was sold? Q7: If Rotex Rooters, Inc., has an equity multiplier of 1.15, total asset turnover of 2.10, and a profit margin of 6.1 percent, what is its ROE? Chapter 4 Q1: The camzan has predicted a sales increase of 15 percent. It has predicted that every item on the balance sheet will increase by 15 percent as well. Create the pro forma statements and reconcile them. What is the plug variable here?

Solution

(4) Cost of Goods Sold = $ 4682715 and Ending Inventory = $ 417381

Inventory Turnover = 4682715 / 417381 = 11.219 or 11.22 approximately

Days Sales in Inventory = 365 / 11.22 = 32.53 days approximately.

The average time during which inventory sits on the shelf before being sold is equal to the days\' sales in inventory of 32.53 days.

NOTE: Please raise separate queries for solutions to the remaining unrelated questions.