Ninth Homework - Ninth Homework 1 Using General Electrics financial statements calculate the value of inventory and cost of goods sold that GE would

Ninth Homework - Ninth Homework 1 Using General Electrics...

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Ninth Homework 1.Using General Electric’s financial statements, calculate the value of inventory andcost of goods sold that GE would report if it used FIFO instead of LIFO for 2012. 2.Calculate GE’s inventory turnover ratio using LIFO and FIFO for 20123.(a) This question relates to Best Buy’s operating leases. Calculate the value of the lease assets and lease liabilities that would be included on Best Buy’s balance sheet if the

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