FSA: Assets 财务报告分析：资产－相关习题2 face, 财务, statements, following, border

cfaspace

A firm’s financial statements reflect the following information:

Beginning inventory	$2,900,000
Purchase during the year	$1,600,000
Ending inventory	????
Sales	$3,900,000
Gross Margin	0.41

What was the firm’s ending inventory for this period?

A) $2,199,000.

B) $2,799,000.

C) $1,699,000.

D) $3,199,000.

The correct answer was A.

First we can determine the COGS by: COGS = sales (1 －gross margin) = $2,301,000.
Then, the ending inventory = beginning inventory + purchases －COGS = $2,199,000

coolcobra

zz

yingrid

like to know the answer

yangdr

a

aqsz

a

sweetyan

A

hwq70823

y

catchyou

a

pippi

well done[em02][em02]

zyx8318

1