(Solution) - LaTour Inc is based in France and prepares its financial -(2025 Original AI-Free Solution)

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Academic Level: Undergrad. (yrs 3-4)

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LaTour Inc. is based in France and prepares its financial statements in accordance with IFRS. In 2012, it reported cost of goods sold of 578 Euros million and average inventory of 154 Euros million. Briefly discuss how analysis of LaTours inventory turnover ratio (and comparisons to a company using GAAP) might be affected by differences in inventory accounting between IFRS and GAAP.