theEffortless Beauty management has disclosed that the company holds current assets totalling R1 405 000, with a current ratio of 2,7. The cost of goods sold forcompany is reported as R3 580 000, and it maintains a quick ratio of 1,0. What is the company's inventory turnover? 1. 0, 25 times 2. 1,09 times 3. 4,05 times 4.6,70times

The objective of the question is to calculate the inventory turnover of the company. Inventory…

Answered: the Effortless Beauty management has…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Efficiency ratio: Bummel and Strand Corp. has a gross profit margin of 33.7 percent, Sales of $47,112,365, and inventories of $14,595,435. What is its inventory turnover ratio?
Cullumber Corp. has a gross profit margin of 40.00 percent, sales of $39,000,000, and inventory of $15,600,000. What is its inventory turnover ratio? (Round answer to 2 decimal places, e.g. 15.25.)
UST Enterprise has 3 items in its current assets section of the balance sheet; cash, AR and inventory. Given is the following information: Credit sales 75% of total sales Quick ratio 1.25:1 Inventory turnover 5x Average collection period 42 days Working capital P1,120,000 Working days 360 Current ratio 2:1 What is the amount of inventory?
the Effortless Beauty management has disclosed that the company holds current assets totalling R1 405 000, with a current ratio of 2,7. The cost of goods sold for company is reported as R3 580 000, and it maintains a quick ratio of 1,0. What is the company's inventory turnover? 1. 0, 25 times 2. 1,09 times 3. 4,05 times 4.6,70 times
Sisyphus Inc. records total sales of $657,500 in the current period, with a cost of goods sold of $389,000 . Sisyphus expects 4% of sales to be returned. How much in net sales will Sisyphus recognize for the current period? Group of answer choices $373,400 $268,500 $631,200 $657,500 $257,760 The Sisyphus Inc’s (SSY) Company’s annual statement of cash flows reported the following (in millions): Net cash from financing activities $63,864 Net cash from investing activities -62,512 Cash at the beginning of the year 13,152 Cash at the end of the year 18,948 What did SSY report for “Net cash from operating activities” during the year? Group of answer choices $71,220 million cash inflow None of the above $4,444 million cash outflow $4,444 million cash inflow $71,220 million cash outflow
The following is the year ended data for Tiger Company: Sales Revenue $58,000 Cost of Goods Manufactured 21,000 Beginning Finished Goods Inventory 1,100 Ending Finished Goods Inventory 2,200 Selling Expenses 15,000 Administrative Expenses 3,900 What is the gross profit? A. $22,100 B. $38,100 C. $19,200 D.
Please help me with show all calculation thanku
Earnings 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.
Vijay
Given: The Company showed Cost of Goods Sold amounting to P645,750 and its gross profit rate is 40%. The total expenses was P559,400. Required: What is the net profit or net loss of the company. Select the correct response:

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