A firm has $200 million annual sales, $180 million costs of goods sold, $40 million of inventory,
Question:
A firm has $200 million annual sales, $180 million costs of goods sold, $40 million of inventory, and $60 million of accounts receivable. What is its inventory turnover ratio? (4.5) What is its DSO based on a 365-day year?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 100% (QA)
To calculate the inventory turnover ratio use the formula Invento...View the full answer
Answered By
Muhammad Umair
I have done job as Embedded System Engineer for just four months but after it i have decided to open my own lab and to work on projects that i can launch my own product in market. I work on different softwares like Proteus, Mikroc to program Embedded Systems. My basic work is on Embedded Systems. I have skills in Autocad, Proteus, C++, C programming and i love to share these skills to other to enhance my knowledge too.
3.50+
1+ Reviews
10+ Question Solved
Related Book For
Intermediate Financial Management
ISBN: 9781337395083
13th Edition
Authors: Eugene F. Brigham, Phillip R. Daves
Question Posted:
Students also viewed these Business questions
-
Walmart Stores, Inc. (Walmart) is the largest retailing firm in the world. Building on a base of discount stores, Walmart has expanded into warehouse clubs and Supercenters, which sell traditional...
-
Reitmans (Canada) Limited is a Canadian retailer that specializes in the sale of womens wear. Exhibits 9.8A to 9.8C contain information from the companys 2017 annual report. All figures are expressed...
-
Use a computer and generate 50 random samples, each of size n = 28, from a normal probability distribution with = 19 and = 4. a. Calculate the z corresponding to each sample mean that would result...
-
A 650- and an 1800- resistor are connected in series with a 12-V battery. What is the voltage across the 1800- resistor?
-
A system of \(N\) spins at a negative temperature \((E>0)\) is brought into contact with an ideal-gas thermometer consisting of \(N^{\prime}\) molecules. What will the nature of their state of mutual...
-
Heritage, a general contractor, had filed a breach of contract action against an electrical subcontracting firm that had withdrawn its bid right before the contract was to be performed. A jury had...
-
The following data were obtained from a study of the times required to conduct a consumer test panel study: Costs are given in thousands of dollars, time in weeks. (a) Find the all-normal schedule...
-
What is the difference between a & b? Why? Compare inflation for 1970s and 1980s. Any improvement in the 1990s? What might be one reason for the improvement?
-
How does the use of financial leverage affect current stockholders control position?
-
Morris Corporation has the following information on its balance sheets: Cash = $40, accounts receivable = $30, inventories = $100, net fixed assets 5 $500, accounts payable = $20, accruals = $10,...
-
It is said that the average weight of healthy 12-hour-old infants is supposed to be 7.5 lb. A sample of newborn babies from a low-income neighborhood yielded the following weights (in pounds) at 12...
-
What is research and why is it important in the practical and theoretical arella of sport communication? what are the four types of research? Define and describe each one that are the primary...
-
Describe economic statistics in south Africa: 1)gross national product 2)distribution of wealth 3)exchange rate 4)inflation rate 5)international trade statistic 6)balance of payment situation.
-
Calculate the solution of the two-degree-of-freedom system given by [2000 2000 1000 -1000 + x = 0 50 -1000 11,000 = x(0) [0 0.01], x(0) = 0. using modal analysis.
-
1. What are the general needs of consumers when logging on to a sport website? 2. What factors affect online sport communication? 3. What factors contribute to a successful sport website? 4. How does...
-
This journal will allow you the platform to speak to DEI&A from your perspective, feelings, and platform. Reflect on and discuss the following: Are you comfortable with your past, present, desired...
-
A follower ABCD is held against a circular cam by a stretched spring, which exerts a force of 21 N for the position shown. Knowing that the tension in rod BE is 14 N, determine (a) The force exerted...
-
Study the pictures/images below. Obviously these was focus on LT sociology, anthropology and poltical science. Try to do some analysis by finding clues that are synonymous with the main concepts....
-
What's the difference between an IPO and an SEO? Would you view purchasing a stock in an SEO to be more or less risky than purchasing a stock in an IPO? Would you expect the same first-day returns...
-
Start with the partial model in the file Ch19 P06 Build a Model.xls on the textbook's Web site. As part of its overall plant modernization and cost reduction program, Western Fabrics' management has...
-
a. (1) What is the present value cost of owning the equipment? (2) Explain the rationale for the discount rate you used to find the PV. b. What is Lewis's present value cost of leasing the equipment?...
-
You are performing an audit over Intuit's Corporate Credit Card (PCard) Process. PCard transactions are systematically posted to Intuit's expense reimbursement system, called Concur. Employees are...
-
What ethical considerations arise when pursuing visionary endeavors, particularly concerning social impact and sustainability?
-
You currently work as an auditor for an accounting and audit firm. A prospective client, a major US ground transport Company, has approached your firm, and shared their goal of expanding operations...
Study smarter with the SolutionInn App