12. Revenue from operations $960.000; Gross Profit Ratio 25%; Opening inventory $100.000, Closing inventory $60.000. Inventory Turnover Ratio will be: a) 10 Times b) 9 Times c) 8 Times c) 12,5 Times d) 15 Times

Managerial Accounting: The Cornerstone of Business Decision-Making
7th Edition
ISBN:9781337115773
Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Chapter15: Financial Statement Analysis
Section: Chapter Questions
Problem 54E: Rebert Inc. showed the following balances for last year: Reberts net income for last year was...
icon
Related questions
Question
Please give solution of questions no. 2
11 Dec 2021 The capital of Juhi Ltd. is as follows:
$50,000
Preference dividend
Number of Equity shares
$8,000
Profit After Tax
$250,000
P/E ratio
6 times
What will be the market price of the stock?,
(A) 5 165
(B) 5 150
(C) $ 180
(D) $ 196
12. Revenue from operations $960.000; Gross Profit Ratio 25%; Opening inventory $100.000, Closing
inventory $60.000. Inventory Turnover Ratio will be.
a) 10 Times
b) 9 Times
c) 8 Times
c) 12,5 Times
d) 15 Times
Transcribed Image Text:11 Dec 2021 The capital of Juhi Ltd. is as follows: $50,000 Preference dividend Number of Equity shares $8,000 Profit After Tax $250,000 P/E ratio 6 times What will be the market price of the stock?, (A) 5 165 (B) 5 150 (C) $ 180 (D) $ 196 12. Revenue from operations $960.000; Gross Profit Ratio 25%; Opening inventory $100.000, Closing inventory $60.000. Inventory Turnover Ratio will be. a) 10 Times b) 9 Times c) 8 Times c) 12,5 Times d) 15 Times
Expert Solution
steps

Step by step

Solved in 4 steps

Blurred answer
Knowledge Booster
Public Issue
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
Managerial Accounting: The Cornerstone of Busines…
Managerial Accounting: The Cornerstone of Busines…
Accounting
ISBN:
9781337115773
Author:
Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Publisher:
Cengage Learning
College Accounting, Chapters 1-27
College Accounting, Chapters 1-27
Accounting
ISBN:
9781337794756
Author:
HEINTZ, James A.
Publisher:
Cengage Learning,
Cornerstones of Financial Accounting
Cornerstones of Financial Accounting
Accounting
ISBN:
9781337690881
Author:
Jay Rich, Jeff Jones
Publisher:
Cengage Learning
PFIN (with PFIN Online, 1 term (6 months) Printed…
PFIN (with PFIN Online, 1 term (6 months) Printed…
Finance
ISBN:
9781337117005
Author:
Randall Billingsley, Lawrence J. Gitman, Michael D. Joehnk
Publisher:
Cengage Learning
Pfin (with Mindtap, 1 Term Printed Access Card) (…
Pfin (with Mindtap, 1 Term Printed Access Card) (…
Finance
ISBN:
9780357033609
Author:
Randall Billingsley, Lawrence J. Gitman, Michael D. Joehnk
Publisher:
Cengage Learning
EBK CONTEMPORARY FINANCIAL MANAGEMENT
EBK CONTEMPORARY FINANCIAL MANAGEMENT
Finance
ISBN:
9781337514835
Author:
MOYER
Publisher:
CENGAGE LEARNING - CONSIGNMENT