Math Problem Statement

COLM FYE 2022 Income Statement(1).pdf

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COLM FYE 2022 Balance Sheet(1).pdf

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Using the attached balance sheet and income statement for Columbia Sportswear using FYE 2022 numbers, calculate Inventory turnover. Carry out your answer to 3 decimal points.

Solution

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Math Problem Analysis

Mathematical Concepts

Inventory turnover
Financial ratios
Accounting

Formulas

Inventory Turnover = Cost of Goods Sold (COGS) / Average Inventory

Theorems

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Suitable Grade Level

Undergraduate level (Finance/Accounting)