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  • SOLUTION OF Q-65 Cfs

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    Gunmeh Singh
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    The document summarizes financial information for CORF over 6 periods. 1) In period 1, CORF's average inventory was $30,000 and purchases were $100,000 to $150,000. Net sales were $200,000. 2) By period 3, average inventory had increased to $50,000 while purchases declined to $90,000. Net sales were stable at $200,000. 3) In the final period, average inventory was $60,000 after a purchase of $190,000. Net sales were still $200,000 but turnover had improved slightly.

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    SOLUTION OF Q-65 cfs

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    The document summarizes financial information for CORF over 6 periods. 1) In period 1, CORF's average inventory was $30,000 and purchases were $100,000 to $150,000. Net sales were $200,000. 2) By period 3, average inventory had increased to $50,000 while purchases declined to $90,000. Net sales were stable at $200,000. 3) In the final period, average inventory was $60,000 after a purchase of $190,000. Net sales were still $200,000 but turnover had improved slightly.

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    © All Rights Reserved
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    6 views3 pages

    SOLUTION OF Q-65 Cfs

    Uploaded by

    Gunmeh Singh
    The document summarizes financial information for CORF over 6 periods. 1) In period 1, CORF's average inventory was $30,000 and purchases were $100,000 to $150,000. Net sales were $200,000. 2) By period 3, average inventory had increased to $50,000 while purchases declined to $90,000. Net sales were stable at $200,000. 3) In the final period, average inventory was $60,000 after a purchase of $190,000. Net sales were still $200,000 but turnover had improved slightly.

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