A firm has an average account payable of of $75,000 and beginning inventory of $30,000.ending inventory is 80,000 The firm's cost of good sold is are $500,000 and Sales is 900,000 The firm's payable turnover is
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A: Turnover = Sales / (Average Operating Assets)
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A: Given Total annual sales (all credit)=Rs.400,000 Gross profit margin of 20% Current…
Q: company's inventory turnover ratio
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A: days the firm takes to sell its inventory assuming that all sales are on credit = Inventory Days =…
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A: SOLUTION- FORMULA'S AVERAGE INVENTORY = (BEGINNING INVENTORY + ENDING INVENTORY) / 2 INVENTORY…
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A: Days Sales Inventory = 365* Average Inventory/ Cost of goods sold
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A: Inventory turnover ratio = Cost of goods sold/Average inventory Average inventory = (Beginning…
Q: A concrete corporation had cost of goods sold of $1,350,000 for the third quarter. The beginning…
A: Average Inventory = (Beginning Inventory + Ending Inventory) / 2 Inventory Turnover = Cost of goods…
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A: Solution Working note - Average daily sales = 3375000 / 360 = 9,375.
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A: The formula to compute days sales in inventory as follows:
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A: Inventory turnover = Cost of goods sold / Average Inventory = $6,050,000 / 2,900,000 = 2.09 times
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A: Sales:- A sales is defined as the transaction between the customer and seller, in which commodity is…
Q: The revenue for a firm is $2,500,000. Its cost of revenue is $850,000, and its average inventory for…
A: 1. Inventory turnover ratio= =Cost of goods sold/Average inventory = $850,000/$62,000 =13.71 times
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A: Given data: Cost of goods sold = $600,000 Inventory = $200,000
Q: A firm has Sales of $2,820, Cost of Goods Sold of $2,160, Inventory of $504, and Accounts Receivable…
A: Sales=$2,820 Cost of Goods Sold=$2,160 Inventory=$504 Accounts Receivable of $430 Inventory Turnover…
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A: The answer is stated below:
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A: Inventory Turnover ratio is the ratio through which companies calculate its rate at which they…
Q: Libscomb Technologies' annual sales are $6,750,624 and all sales are made on credit, it purchases…
A: Receivables Period = 365 / Receivables turnover
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A: inventory turnover formula: inventory turnover =cogsinventory given, COGS = $3511,535 inventory =…
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Q: A firm with sales of $500,000 has average inventory of $200,000. T he industry average for inventory…
A: Computation of inventory turnover:
Q: The current assets of Teresita Enterprise consist of cash, accounts receivable, and inventory. The…
A: The inventory turnover ratio is calculated as cost of goods sold divided by average inventory.
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A: The cost of goods sold can be calculated by adding up the net purchase and freight in and deducting…
Q: Libscomb Technologies' annual sales are $5,790,872 and all sales are made on credit, it purchases…
A: Given that, annual sales = $5,790,872 purchases(cost of goods sold) = $3,221,342 inventory =…
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- If a firm's inventories on hand are $200,000, its cost of goods sold is $600,000, and its sales are $800,000, what is the inventory turnover?A firm with sales of $500,000 has average inventory of $200,000. T he industry average for inventory turn over is four time a year. What would be the redution in inventory if the firm were a turnover comparable to the industry average. please show all calculationEarnings per share: O a. will decrease if net income decreases and the number of treasury shares increases. O b. will decrease if net income decreases and the number of shares outstanding increases. c. is the total amount of dividends paid per year on a per share basis. o d. will increase if net income increases and the number of shares outstanding increases. O e. is defined as the addition to retained earnings divided by the number of shares outstanding.
- Lindsey Corporation had the following account balances:Sales revenue $200,000Beginning inventory 40,000Purchases 80,000Purchase discounts 3,000Freight-in 1,000Ending inventory 30,000Purchases returns and allowances 2,000 If a firm’s beginning inventory is $70,000, goods purchased during the period cost $260,000, and the cost of goods sold is $300,000, what is the ending inventory?a. $40,000b. $90,000c. $30,000d. $50,000Pul Company has the following details: Sales (60% is on credit) 1,500,000 Cost of Goods Sold (40% of credit sales) Year1: Year 2: Inventory 300,000 250,000 Accounts Payable 90,000 105,000 Total Assets 1,000,000 850,000 Compute the following: 1. Inventory Turnover ratio 2. Accounts Receivable turnover ratio 3. Accounts payable turnover ratio 4. Asset turnover ratioConsider a firm with an annual net income of $30 million, revenue of $70 million and cost of goods sold of $35 million. If the balance sheet amountsshow $3.5 million of inventory and $800,000 of property, plant & equipment, what is the inventory turnover?
- Consider a firm with an annual net income of $20 million, revenue of $60 million and cost of goods sold of $20 million. If the balance sheet amounts show $2 million of inventory and $500,000 of property, plant & equipment, what is the inventory turnover? 12.50 10.00 40.00 8.00Zarruk Construction's DSO is 34 days (on a 365-day basis), accounts receivable are $68 million, and its balance sheet shows inventory of $156 million. The firm's cost of goods sold is 70% of sales. What is the inventory turnover ratio? a. 3.28 b. 2.00 c. 7.96 d. 4.68 e. 7.51Viper Construction’s days sales outstanding is 50 days (on a 365-day basis). The company’s accounts receivable equal $100 million and its balance sheet shows inventory equal to $125 million. What is the Viper Corporation's Inventory turnover ratio? A. approximately Php 4B. approximately 5 daysC. approximately 6 times in a yearD. approximately 5 times in a yearE. approximately Php 6
- Sales for a firm are $510,000, cost of goods sold are $395,000, and interest expenses are $15,000. What is the gross profit margin? O 22.5% O 20.5% 19.6% O 18.9%A firm has $200 million annual sales, $180 million costs of goodssold, $40 million of inventory, and $60 million of accountsreceivable. What is its inventory turnover ratio? (4.5) What is itsDSO based on a 365-day year? (109.5 days)A large manufacturing company has its accounts receivables Rs. 100 million, and days to sales outstanding (DSO) is 50 days (on a 365-day basis). Company also has inventory balance equal to Rs. 125 million. What is the company’s inventory turnover ratio?