Business, 28.02.2020 05:50 jaelynnm

The following information is available for MVF Company(dollar amounts are in millions)

2016 2015 2014 2013
Net sales $23.2 $21.7 $19.6 $17.4
Cost of goods sold 17.1 16.8 15.2 13.5
Beginning finished
goods inventory 2.3 2.1 1.9 1.5
Ending finished goods
inventory 2.9 2.3 2.1 1.9
Materials purchased 10.6 8.8 7.5 7.1

a. Calculate the following ratios for each year: Gross profit percentage. Inventory turnover Cost of materials purchased to cost of finished goods produced.
b. Analyze the results obtained in 3.a. above: Describe the change in each ratio you observe in 2016. Discuss at least two possible causes of each change observed.

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The following information is available for MVF Company(dollar amounts are in millions)

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