Assume the following cost of goods sold data for a company: 2017: $1,700,000 2016: 1,400,000 2015: 1,200,000 2014: 1,000,000 If 2015 is the base year, the percentage increase in cost of goods sold from 2015 to 2017 is closest to Select one: a. 25% b. 71% c. 21% d. 42% e. 29%

Hello, could you answer this question for me? if management wishes to know how well a business's inventory is moving, they could use the a. acid test ratio. b. inventory turnover. c. accounts receivable turnover. d. current ratio.

Waterway company’s record of transactions for the month of april was as follows. purchases sales april 1 (balance on hand) 672 @ $6.00 april 3 560 @ $11.00 4 1,680 @ 6.08 9 1,568 @ 11.00 8 896 @ 6.41 11 672 @ 12.00 13 1,344 @ 6.51 23 1,344 @ 12.00 21 784 @ 6.61 27 1,008 @ 13.00 29 560 @ 6.79 5,152 5,936 (a) calculate average-cost per unit. (b) assuming that periodic inventory records are kept in units only, compute the inventory at april 30 using lifo and average-cost. (c) assuming that perpetual inventory records are kept in dollars, determine the inventory using (1) fifo and (2) lifo. (d) compute cost of goods sold assuming periodic inventory procedures and inventory priced at fifo.

Winston churchill's stamp collection was valued at $14 million when he died. at auction, it brought in only $4 million. what was it worth? why?