If a company has beginning inventory of $30,000 and ending inventory of $55,000, compute its average inventory. If the COGS are $140,000, compute its inventory turnover and determine how many days the average item is in stock.
Answer to relevant QuestionsSamantha Knight is applying for a small-business loan. She provides the bank with the following information: cash in checking accounts, $5,000; cash in savings, $10,350; home market value, $145,500; first mortgage on house, ...The Namleda Corporation has an income statement that indicates that Operating Income is $2,375,486 and pays interest of $100,000 and taxes of $900,000. The Corporation currently has 3 million shares of common stock ...Given the income statement for the MLC (Table 4-7) and balance sheet (Table 4-4), answer the following: a. Calculate the following ratios for 2013: operating profit margin, net profit margin, operating return on assets, net ...How is financial leverage related to bankruptcy? The Faster Modem Corporation was founded by two engineers who managed to capitalize their firm with $150,000. They were able to raise this money because their test model performed much faster than current modems on the ...
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