If the value of inventory of Xenon Manufacturing is $ 60 million in 2008 what is the Inventory Turnover Ratio for the company in that year?
Assignment 2 Q. 1-3 are based on the balance sheet below: Balance Sheet Assets Liabilities Current Assets Current Liabilities Cash 50 Accounts payable 42 Accounts receivable 22 Notes payable/short-term debt 7 Inventories 17 Total current assets 89 Total current liabilities 49 Long-Term Assets Long-Term Liabilities Net property, plant, and equipment 121 Long-term debt 128 Total … Read more