Accounting Problem

Accounting Problem

Accounting Problem

Chapter 8
8.1 Estimate the amount of inventories that your company purchased and produced during the current
year. (Hint: use the cost of sales equation.)
 
8.2 What inventory costing method does the company use? Why do you think the company made this choice?
8.3 Ratio analysis:
a. What do the inventory turnover ratio and the average days to sell inventory measure in general?
b. If the company reports inventories, compute these ratios for each of the last three years. If the
company does not report the cost of sales (COS) separately, assume that COS equal 70 per cent
of the sales amount.
c. What do your results suggest about the company?
I need this completed from the company Canadian Tire: http://investors.canadiantire.ca/English/investors/financial-reporting/annual-disclosures/default.aspx

Those are all the financials of it

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