Two financial ratios that clearly distinguish a discount chain such as Walmart from a high-end retailer such
Question:
Two financial ratios that clearly distinguish a discount chain such as Walmart from a high-end retailer such as Tiffany \& Co. are the gross profit percentage and the rate of inventory turnover. Which set of relationships is most likely for Tiffany?
Transcribed Image Text:
Gross Profit Percentage a. b. C. High Low Low Inventory Turnover High Low High d. High Low
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 100% (QA)
Answered By
Ashington Waweru
I am a lecturer, research writer and also a qualified financial analyst and accountant. I am qualified and articulate in many disciplines including English, Accounting, Finance, Quantitative spreadsheet analysis, Economics, and Statistics. I am an expert with sixteen years of experience in online industry-related work. I have a master's in business administration and a bachelor’s degree in education, accounting, and economics options.
I am a writer and proofreading expert with sixteen years of experience in online writing, proofreading, and text editing. I have vast knowledge and experience in writing techniques and styles such as APA, ASA, MLA, Chicago, Turabian, IEEE, and many others.
I am also an online blogger and research writer with sixteen years of writing and proofreading articles and reports. I have written many scripts and articles for blogs, and I also specialize in search engine
I have sixteen years of experience in Excel data entry, Excel data analysis, R-studio quantitative analysis, SPSS quantitative analysis, research writing, and proofreading articles and reports. I will deliver the highest quality online and offline Excel, R, SPSS, and other spreadsheet solutions within your operational deadlines. I have also compiled many original Excel quantitative and text spreadsheets which solve client’s problems in my research writing career.
I have extensive enterprise resource planning accounting, financial modeling, financial reporting, and company analysis: customer relationship management, enterprise resource planning, financial accounting projects, and corporate finance.
I am articulate in psychology, engineering, nursing, counseling, project management, accounting, finance, quantitative spreadsheet analysis, statistical and economic analysis, among many other industry fields and academic disciplines. I work to solve problems and provide accurate and credible solutions and research reports in all industries in the global economy.
I have taught and conducted masters and Ph.D. thesis research for specialists in Quantitative finance, Financial Accounting, Actuarial science, Macroeconomics, Microeconomics, Risk Management, Managerial Economics, Engineering Economics, Financial economics, Taxation and many other disciplines including water engineering, psychology, e-commerce, mechanical engineering, leadership and many others.
I have developed many courses on online websites like Teachable and Thinkific. I also developed an accounting reporting automation software project for Utafiti sacco located at ILRI Uthiru Kenya when I was working there in year 2001.
I am a mature, self-motivated worker who delivers high-quality, on-time reports which solve client’s problems accurately.
I have written many academic and professional industry research papers and tutored many clients from college to university undergraduate, master's and Ph.D. students, and corporate professionals. I anticipate your hiring me.
I know I will deliver the highest quality work you will find anywhere to award me your project work. Please note that I am looking for a long-term work relationship with you. I look forward to you delivering the best service to you.
3.00+
2+ Reviews
10+ Question Solved
Related Book For
Financial Accounting
ISBN: 9780135433065
7th Canadian Edition
Authors: Walter Harrison, Wendy Tietz, C. Thomas, Greg Berberich, Catherine Seguin
Question Posted:
Students also viewed these Business questions
-
A time study was conducted on a task that consists of four elements. The observations and performance ratings for six cycles are shown in the following table. Observations (minutes per cycle) Element...
-
Two financial ratios that clearly distinguish a discount chain such as Walmart from a high-end retailer such as Gucci are the gross profit percentage and the rate of inventory turnover. Which set of...
-
Multiple Choice Questions 1. The income statement for Feel Good Health Foods shows gross profit of $151,000, operating expenses of $126,000, and cost of goods sold of $215,000. What is the amount of...
-
For each of these utility functions, find the optimal consumption choices z and y for a consumer with budget w = 1, who faces prices pz = 0.05 and Py = 0.3. Are the goods substitutes or complements,...
-
An ideal refrigerator keeps its contents at 0.0C and exhausts heat into the kitchen at 40.0C. For every 1.0 kJ of work done, (a) How much heat is exhausted? (b) How much heat is removed from the...
-
A recent study found that the demand and supply schedules for Frisbees are as follows a. What are the equilibrium price and quantity of Frisbees? b. Frisbee manufacturers persuade the government that...
-
When is it a good idea to go for a private auction?
-
A school district grants teachers a sabbatical leave every seven years. Yet, consistent with GAAP, it fails to accrue a liability for such leave over the period in which the leave is earnednot even...
-
Show how each vertex of AEFG maps to its image. Describe in words how to map AEFG to its image AE'F'G' using a reflection. Ay 10- E 4- 2- 1672 8 6- Q Complete the table with the coordinates of the...
-
Sales are \(\$ 500,000\), and cost of goods sold is \(\$ 300,000\). Beginning and ending inventories are \(\$ 25,000\) and \(\$ 35,000\), respectively. How many times did the company turn its...
-
Elizabeth Baker Cosmetics ended May with inventory of \(\$ 20,000\). Elizabeth Baker expects to end June with inventory of \(\$ 15,000\) after cost of goods sold of \(\$ 90,000\). How much inventory...
-
Consider the linear probability model \(Y_{i}=\beta_{0}+\beta_{1} X_{i}+u_{i}\), and assume that \(E\left(u_{i} \mid X_{i} ight)=0\). a. Show that \(\operatorname{Pr}\left(Y_{i}=1 \mid X_{i}...
-
Julia must choose between two different designs for a safety enclosure, which will be in use indefinitely. Model A has a life of three years, a first cost of $8000, and maintenance of $1000 per year....
-
Assess the impact of sociocultural influences on the communities and organizations in which developmental psychology is practiced. i. What are the impacts of the selected program on the communities...
-
Determine if s1 = -0.755+2.05i lies on the root locus given that the open loop transfer function is ()=(+1)/(+2)(32+2+1) If so, what is the value of K for s1 to be the closed loop pole?
-
Nico Fapoulas a 48 year old man, is talking with his health careprovider about symptoms he is experiencing. He states that when hegoes for his morning jog, his legs feels weak and tired. He ishaving...
-
Stowe Construction Company is considering selling excess machinery with a book value of $281,300 (original cost of $399,400 less accumulated depreciation of $118,100) for $277,700, less a 5%...
-
The switch in the circuit in figure has been closed for a long time and is opened at t = 0. Find i(t) for t > 0, using Laplacetransforms. 0.5 H i(t) t = 0 12 V 2 F
-
The water in tank A is at 270 F with quality of 10% and mass 1 lbm. It is connected to a piston/cylinder holding constant pressure of 40 psia initially with 1 lbm water at 700 F. The valve is opened,...
-
77. For the company you are analyzing, the company's compensation committee recommends awarding fewer stock options to executives in the future. The company adopts this recommendation, and this is...
-
1. Which of the following is NOT authoritative guidance that applies AICPA members providing forensic accounting services? a. Generally accepted auditing standards b. AICPA Code of Professional...
-
Select all that apply Not recording an accrued expense will have the following effect on the financial statement: Multiple select question. expenses on the income statement will be overstated....
Study smarter with the SolutionInn App