Suppose the Robinson Company had a cost of goods sold of $1‚000‚000 in 2010 and $1‚200‚000 in 2011. a. Calculate the inventory turnover for each year. Comment on your findings b. What would have been the amount of inventories in 2011 if the 2010 turnover ratio had been maintained? a. inventory turnover for 2010 =COGS/Inventory = $1‚000‚000/350‚000=2.857 inventory turnover for 2011 =COGS/Inventory = $1‚200‚000/500‚000=2.4 b. $1‚200‚000 /inventory =2.857 Inventory in 2011 to maintain 2010
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Subject: Nissan Motor Corporation Key Issue: The key issue that lies within this case is ultimately the management style and structure of Nissan and its quality manufacturing issues combined with the fact that he CEO of Nissan will soon be the CEO of two operation giants in a foreign market with different variables and structures within them. In addition to the quality issues that Nissan has had in the production of several of its vehicles‚ Nissans support structure for the upper management
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Finance 311: 9:30-10:45 10/28/14 Financial Ratio Analysis: Honda Motor Company This is a financial analysis of Honda Motor Company from the year 2011-2014. I will be reviewing and analyzing the company standardized balance sheet‚ standardized income statement‚ Ratio analysis‚ and their standings among competitors. I will define and compare the information in order to report my findings in an accurate way. When looking at the ratio analysis for the company the return on assets which measures profit per
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through neglect or fraudulent activity compromise a patient’s personal health information. Channel 13 in Indiana did an investigation on pharmacies throughout our nation which discarded prescription labels‚ pill bottles‚ and patient information sheets with patient’s personal information into their unsecured dumpsters around Boston‚ Chicago‚ Cleveland‚ Dallas‚ Denver‚ Detroit‚ Miami‚ Louisville‚ Philadelphia‚ and Phoenix. When prescriptions are dropped off‚ electronically transferred‚ or called
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DIF: Easy OBJ: 01-01 7. The role of accounting is to provide many different users with financial information to make economic decisions. ANS: T PTS: 1 DIF: Moderate OBJ: 01-01 8. The basic difference between manufacturing and merchandising companies is the completion level of the products they purchase for resale to customers. ANS: T PTS: 1 DIF: Easy OBJ: 01-01 9. Large corporations such as Shoppers Drug Mart‚ Coca-Cola‚ and Bank of Montreal operate as manufacturing businesses. ANS: F PTS:
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The Company: The analysis was made on the annual report for the year ended 30 June 2009‚ of the company “JB Hi-Fi Limited” which is one of the largest retailer chain groups for home consumer products such as consumer electronics‚ electrical goods‚ software including music‚ games and movies. The company is operating with 123 stores (106 Branded JB Hi-Fi) spread across Australia and New Zealand‚ who’s head office is in Chadstone VIC 3148‚ Australia. The Auditors The company’s financial report ending
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Toyota Motor Company‚ USA EXECUTIVE SUMMARY Toyota Motors Manufacturing (TMM) faces increasing problems with its seat supply. TMM’s single seat supplier‚ Kentucky Framed Seat (KFS)‚ is responsible for the majority of the problems with material flaws and missing parts as the major encountered defects. These problems are increasingly occurring with an increase in varieties of and demand for the seats. Toyota currently addresses these problems offline; however‚ this is a deviation from the
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Common-size and trend analysis of the BS In our analysis of Swisscom’s Balance Sheet‚ we first decided to have a global view and then to go into details in order to conduct a good analysis. When we first look at the BS‚ we notice that the company is in a very positive situation from a financial viewpoint. Indeed‚ some of its assets increased between 2011 and 2013‚ while some of its liabilities decreased during this period. When we conduct this type of analysis‚ it is necessary to take into account
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RATIOS TELL A STORY—2011 Financial results and conditions vary among companies for a number of reasons. One reason for the variation can be traced to the characteristics of the industries in which companies operate. For example‚ some industries require large investments in property‚ plant‚ and equipment (PP&E)‚ while others require very little. In some industries‚ the competitive productpricing structure permits companies to earn significant profits per sales dollar‚ while in other industries
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Classification of Assets and Liabilities in a Balance Sheet We all know that Balance sheet tells us the financial position of a business at a particular point of time. The accounting equation i.e. Assets = Liabilities + Capital forms lays the foundation for the preparation of Balance Sheet. Everything that the business owns are its assets. Alternatively‚ whatever amounts a business owes to outsiders become its liabilities. First let us see how these assets are to be classified. Current
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