Question: If a company has sales of 10 million a gross
If a company has sales of $10 million, a gross profit percentage of 35%, and days in inventory of 110, could you estimate its average inventory? Show your calculations.
Relevant QuestionsAutomated Tellers Inc, a major manufacturer of ATM machines reported the following information about its financial structure: Debt: 6,000 bonds outstanding, 8% coupon rate paid annually, 10 years left to maturity, $1,000 par ...Prepare & Protect - Discussion• What are the hazards? How do we protect our people?• Who is our team, internally and externally?• How will we communicate? What if systems fail?• How well do we communicate across ...When you typically enter a front door to any business, you would normally see right off the bat what that business’ main focal point is or what their mission statement is. Their primary reasons for business are usually ...An article (K. Delaney, “How Search Engine Rules Cause Sites to go missing,” The Wall Street Journal, March13, 2007, pp. B1, B4) discussed the amount of Internet search results that Web surfers typically scan before ...Suppose the accounting profit margins reported in Figure 11-5 for the major health insurers are correct from an economic perspective. Use the Lerner index to back out the implied price elasticity of demand facing each health ...
Post your question