This assignment is based on PVH Corp (ticker: PVH), a clothing company which owns brands...
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Accounting
This assignment is based on PVH Corp (ticker: PVH), a clothing company which owns brands such as Van Heusen, Tommy Hilfiger, and Calvin Klein. Unless otherwise specified, the firm/company in this assignment refers to PVH Corp. PART C. Inventory and COGS Read PVH's most recent 10-K filing and answer the following questions about inventory and COGS. 1. True or False: inventory is the largest current asset account for PVH as of Feb 2, 2020. 2. What inventory cost method was used by PVH for substantially all wholesale inventories in North America during the year ended on Feb 2, 2020? 3. Did PVH used other inventory cost method during the year ended on Feb 2, 2020? If so, which method? 4. Assuming the unit cost of PVHs inventory is rising during the period, discuss the impact of the main inventory cost method used by PVH (your answer to question 2 in this part) on its net income and income tax
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