Transcribed Image Text
Projecting revenues, cost of goods sold, and inventoryuse the following data for Walgreens in years 11 and 12 toproject revenues, cost of goods sold, and inventory for year +1.Assume that Walgreen's year +1 revenue growth rate, gross profitmargin and inventory turnover will be identical to year 12. Projectthe average inventory balance in year+1 and use it to compute theimplied ending inventory balance.Walgreens (data in millions) Year 11 Year 12Sales revenues $53,762 $59,034Cost of goods sold $38,518 $42,391Ending inventory $ 6,791 $ 7,249
Other questions asked by students
Geometry
Algebra
Accounting
Q
Hardhat Construction Company has a contract to construct a $4,500,000 bridge at an estimated cost...
Accounting
Accounting
Accounting