Inventory Analysis
A company reports the following:
Cost of goods sold$435,000
Average...
Inventory Analysis
A company reports the following:
Cost of goods sold$435,000
Average inventory72,500
Determine (a) the inventory turnover and (b) the number of days' sales in inventory. Round interim calculations to the nearest dollar and final answers to one decimal place. Assume 365 days a year.
a. Inventory turnover
b. Number of days' sales in inventorydays
Answers: 3
Other questions on the subject: Business
Business, 21.06.2019 23:50, amandajennings01
Juan has a retail business selling skateboard supplies he maintains large stockpiles of every item he sells in a warehouse on the outskirts of town he keeps finding that he has to reorder certain supplies all the time but others only once a year how can he solve this problem?
Answers: 1
Business, 22.06.2019 14:20, nataliaalejandradasi
Jaynet spends $50,000 per year on painting supplies and storage space. she recently received two job offers from a famous marketing firm – one offer was for $95,000 per year, and the other was for $120,000. however, she turned both jobs down to continue a painting career. if jaynet sells 35 paintings per year at a price of $6,000 each: a. what are her accounting profits? b. what are her economic profits?
Answers: 1
Business, 22.06.2019 19:40, mahoganyking16
Chang corp. has $375,000 of assets, and it uses only common equity capital (zero debt). its sales for the last year were $595,000, and its net income was $25,000. stockholders recently voted in a new management team that has promised to lower costs and get the return on equity up to 15.0%. what profit margin would the firm need in order to achieve the 15% roe, holding everything else constant? a. 9.45%b. 9.93%c. 10.42%d. 10.94%e. 11.49%
Answers: 2
Do you know the correct answer?
Questions in other subjects:
Geography, 14.11.2019 23:31
