Math Problem Statement
COLM FYE 2022 Income Statement(1).pdf
29.55 KB
COLM FYE 2022 Balance Sheet(1).pdf
26.41 KB
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
-
Suitable Grade Level
Undergraduate level (Finance/Accounting)
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