Week 3 Written; 2 Question Supplement, Financial Accounting
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Week3WrittenAssignmentRulesSupplement-Fin_Acct.docxWeek 3 Written Assignment - Examining Inventory Turnover and Days Inventory on Hand
· Provide a solid 1-page paper and address the following 2 questions.
· Check Spelling and Grammar
Concepts For CVS:
1. What inventory methods does CVS use to value its inventory: is it the same or different from what Walgreen's uses? If it is different how will that impact the financial statements?
2. How much is CVS' reserve for estimated inventory losses?
Reference:
Text: Financial Accounting: Tools for Business Decision Making Author: Kimmel, Weygandt, Kieso Publisher: Wiley Ed/Year: 7th/2013 ISBN-13 (hard cover): 978-1118162286 ISBN (e-text): 978-1118562178
Morning Star Financial History Directions for Locating the Data for the Five Year Information 1. financials.morningstar.com/ratios/r.html?t=CVS 2. Select Key Ratios 3. Scroll Down to the Section your need: A. Profitability B. Growth C. Cash Flow D. Financial Health E. Efficiency Ratios 4. Repeat the procedure to get Walgreens by using;
financials.morningstar.com/ratios/r.html?t=WBA Directions for Locating Industry Averages 1. https://www.zacks.com/stock/research/CVS/industry-comparison 2. https://www.zacks.com/stock/research/WBA/industry-comparison Please employ the preceding sites for the CVS and WBA Industry Average Information .
