Chapter 11
Financial Statement Analysis
544
AS-21 (
5
)
How is inventory days on hand calculated?
AS-22 (
5
)
What is the formula for the inventory turnover ratio?
AS-23 (
7
)
Why is it necessary to compare a company’s calculated ratios with industry benchmarks?
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AS-24 (
4
)
In the DuPont framework, return on equity is represented as a product of which three
measurements?
