Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. calculate the inventory turns for walmart using th

Calculate the inventory turns for Walmart using the financial data provided below. Walmart Amazon Net...

60.2K

Verified Solution

Question

Accounting

Calculate the inventory turns for Walmart using the financial data provided below.
Walmart Amazon
Net operating revenues
469,162,74,452
Cost of goods sold
352,488,54,181
2
Gross profit
116,674,20,271
Selling, general, and administrative
expense
88,873,19,526
Operating income
27,801,745
Interest expense
2,251
141
Other income (loss)- net
187
(98)
Income before income taxes
25,737,506
Income taxes
7,981,161
Net income
17,756,274
Assets
Cash and cash equivalents
7,781,8,658
Net receivables
6,768,4,767
\table[[Inventories (at COGS),43,803],[,7,411]]
Total current assets
59,940,24,625
Property, plant and equipment
116,681,10,949
Goodwill
20,497,2,655
Other assets
5,987,1,930
Total assets
203,105,40,159
image

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Zin AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

Recently, ESPN reported that the average salary of an NFL place-kicker is $1.9 million, while the...

Basic Math
Q

what do you think distinguishes our present understanding of epigenetics from Larmarck's, now debunked, theory referred...

Biology
Q

Select a contrast mode in microscopy. In the space below, describe and illustrate it in detail...

Biology
Q

Ethane (C2H6) is burned with air in a steady-flow combustor. The mass flow rate of fuel...

Mechanical Engineering
Q

Forest Components makes aircraft parts. The following transactions occurred in July. Purchased $16,960 of materials on account. Issued...

Accounting
Q

1 A infinitely long hollow conducting cylinder with inner radius R 2 and outer radius...

Physics
Q

QUESTION 18 Write a polar equation that represents the giv do

Geometry
Q

2 4 4b Given A 1 2 1 1 3 0 1 0 5 b...

Basic Math
Q

A trainee management accountant has been helping a client with choosing the best products to...

Accounting
Q

Research the State of Texas Uniform Grant Management Standards. In four or more paragraphs describe...

Accounting
Q

final 2

Accounting
Q

Morganton Company makes one product and it provided the following information to help prepare the...

Accounting