fin621 assignment solution

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Members were facing problem while downloading that so here is the up given solution of FIN621

(1) Average age of inventory
Formula = Avg age of inventory= Avg inv*365/ CGS
526500*365/2632500= 73 days


Now find inventory turn over ratio
Formula = inventory turn over ratio= CGS/ Avg inventory

(2) Return on investments
Formula
ROI= Net income *100/ equity

238500*100/1192500= 20%

Return on equity
Formula = net income/ equity


(3) Operating expenses= Gross profit- Net income
1179000= 1417500-238500

Further more u can solve it with the help of helping material I have uploaded