Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. if colgate-palmolive alters packaging to comply wi

If Colgate-Palmolive alters packaging to comply with sustainability issues, their inventory cost and cost of...

60.1K

Verified Solution

Question

Accounting

If Colgate-Palmolive alters packaging to comply with sustainability issues, their inventory cost and cost of goods sold will increase by 10%. Sales are expected to decrease by 2%. Assume cost of goods sold is variable, i.e. if sales go up, so does COGS. What would be the new Inventory Turnover Ratio for the current year? (7 points)

How do I figure this out? Would love some equations

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

PASSAGE An electron m 9 109 10 31 kg is confined in a one dimensional...

Physics
Q

Diseases due to lack of gangliosides are.. Malfunctioning of some channels leads to diseases. Give some specific...

Biology
Q

what/how energy conservation measures can be used for lighting controls and to save energy. (write as a...

Civil Engineering
Q

Describe the state constitutions that were more democratic and those that were less so. What effect...

Psychology
Q

please discuss the case involving the United States of America versus Ross Ulbricht.

General Management
Q

4. A friend has suggested that you should consider investing in an equity hedge fund because...

Finance
Q

Positive and negative controls are necessary in experiments because they O a O b none...

Biology
Q

Q10 A uniform pressure of 7 0x105 N m is applied to all six sides...

Physics
Q

Recall that cot x cos x sin x

Calculus
Q

A does not yield a preestablished benefit for the employee. Instead, it is predicated...

Accounting
Q

Jackson Company inform cuentas por cobrar de $100 000, activos corrientes totales de $200 000,...

Accounting
Q

United Pigpen is considering a proposal to manufacture high-protein hog feed. The project would require...

Finance