The Robinson Company had a cost of goods sold of $1,000,000 in 2011 and $1,200,000in2012. Calculate the inventory turnover for each year. Comment on your findings. What would have been the amount of inventories in 2012 if the 2011 turnover ratio hadbeen maintained?

This financial statement was provided by dayco, a manufacturing company.

First, determine 2011’s average inventory. Then calculate each year’s inventory turnover. To calculate the inventory turnover for each year, we first need to determine what average inventories were in 2011 and 2012.

After this is done, it’s possible to use the data to calculate inventory turnover for each of these years. It is calculated by subtracting the cost of goods sold from average inventory. This allows us to determine which application would be most appropriate for each situation. The 2011 example shows that the average inventory was $500,000 and had a COGS (cost of goods sold) of $1,000,000, giving an inventory ratio of 2. In 2012 however, there were a COGS (1,200,000) and an average inventory ($600,000), which gave an inventory ratio of 2. However, whatever comes to pass, the end result will be a happy one. All this demonstrates why it’s now more critical than ever before equip oneself with necessary skills knowledge order adequately address any situation one may encounter throughout their journey no matter what comes up along way eventually leading successful outcome when all said done.
Answering your final question, the inventory in 2012 would have been $700,000. ($1.2million divided by 1.7).

How do you place an order?

It takes a few steps to place an order with Us:

  • The first step is to place your order. You will need to provide us with some basic information about your project.
  • Once you have placed your order, you will be taken to our secure payment page.
  • Once we receive your order, we will carefully review it and match you with a writer who has the skills and experience.
  • Stay in contact with the writer and discuss vital details of research.
  • Your completed proposal will be delivered via email within the specified deadline.

You are secure when using our service

It's critical for each client to feel secure. As a result, we at Research Proposal Writing take precautions to secure your data.

Financial security You may securely pay for your purchase using a variety of secure payment methods.
Personal security The personal information of our clients is secure. Nobody else will have access to it.
Academic security We use a specialized program to check every completed paper to ensure that we deliver no-plagiarism samples.
Web security This website is safe from unauthorized breaches. We maintain our privacy management in line with the latest laws and regulations.

You can get help placing your order. If you have any questions about our services, please contact us. Our support staff is accessible 24 hours a day, 7 days a week.

If you're still looking for a way to improve your grades and hire expert writers, we've got you covered. Place an order on our website, and we'll help you with any paperwork you want. We will exceed your expectations.

Order now Get a quote