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skye · 2024年08月14日

LIFO FIFO调整没有明确删除，那liquidation还有么

  1. CFA I
  2. FRA

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NO.PZ202308140300007601

问题如下：

Q. Crux’s inventory turnover ratio computed as of 31 December 2018, after the adjustments suggested by Groff, is closest to:

选项：

A.5.67. B.5.83. C.6.13.

解释：

B is correct. Crux’s adjusted inventory turnover ratio must be computed using cost of goods sold (COGS) under FIFO and excluding charges for increases in valuation allowances.

COGS (adjusted) = COGS (LIFO method) – Charges included in cost of goods sold for inventory write-downs – Change in LIFO reserve= USD3,120 million – 13 million – (55 million – 72 million)= USD3,124 million

Note: Minus the change in LIFO reserve is equivalent to plus the decrease in LIFO reserve. The adjusted inventory turnover ratio is computed using average inventory under FIFO.

Ending inventory (FIFO) = Ending inventory (LIFO) + LIFO reserveEnding inventory 2018 (FIFO) = USD480 + 55 = USD535Ending inventory 2017 (FIFO) = USD465 + 72 = USD537Average inventory = (USD535 + 537)/2 = USD536

Therefore, adjusted inventory turnover ratio equals:

Inventory turnover ratio = COGS/Average inventory = USD3,124/USD536 = 5.83

LIFO FIFO调整没有明确删除，那liquidation还有么，讲课时没有提到reserve 与liquidation相关知识点

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lynn_品职助教 · 2024年08月14日

嗨，努力学习的PZer你好：


整个inventory的大纲都简化了，确实没提到liquidation，可以不看了，考纲今年的变化我看来就是把FRA一些内容往二级挪了，现在学了也不要紧都是基础。

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NO.PZ202308140300007601 问题如下 Q. Crux’s inventory turnover ratio computeof 31 cember 2018, after the austments suggesteGroff, is closest to: A.5.67. B.5.83. C.6.13. B is correct. Crux’s austeinventory turnover ratio must computeusing cost of goo sol(COGS) unr FIFO anexclung charges for increases in valuation allowances.COGS (auste = COGS (LIFO metho – Charges incluin cost of goo solfor inventory write-wns – Change in LIFO reserve= US,120 million – 13 million – (55 million – 72 million)= US,124 millionNote: Minus the change in LIFO reserve is equivalent to plus the crease in LIFO reserve. The austeinventory turnover ratio is computeusing average inventory unr FIFO.Enng inventory (FIFO) = Enng inventory (LIFO) + LIFO reserveEnng inventory 2018 (FIFO) = US80 + 55 = US35Enng inventory 2017 (FIFO) = US65 + 72 = US37Average inventory = (US35 + 537)/2 = US36Therefore, austeinventory turnover ratio equals:Inventory turnover ratio = COGS/Average inventory = US,124/US36 = 5.83 RT，Inventory的调整计算可以理解，COGS的调整计算没看明白

2024-03-31 11:18 1 · 回答

NO.PZ202308140300007601问题如下 Q. Crux’s inventory turnover ratio computeof 31 cember 2018, after the austments suggesteGroff, is closest to:A.5.67.B.5.83.C.6.13.B is correct. Crux’s austeinventory turnover ratio must computeusing cost of goo sol(COGS) unr FIFO anexclung charges for increases in valuation allowances.COGS (auste = COGS (LIFO metho – Charges incluin cost of goo solfor inventory write-wns – Change in LIFO reserve= US,120 million – 13 million – (55 million – 72 million)= US,124 millionNote: Minus the change in LIFO reserve is equivalent to plus the crease in LIFO reserve. The austeinventory turnover ratio is computeusing average inventory unr FIFO.Enng inventory (FIFO) = Enng inventory (LIFO) + LIFO reserveEnng inventory 2018 (FIFO) = US80 + 55 = US35Enng inventory 2017 (FIFO) = US65 + 72 = US37Average inventory = (US35 + 537)/2 = US36Therefore, austeinventory turnover ratio equals:Inventory turnover ratio = COGS/Average inventory = US,124/US36 = 5.83麻烦下整个16题

2023-09-10 17:13 1 · 回答