Seacrest Corporation sells sailboats and has an inventory turnover ratio of 2 . 7 5 times per
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Question:
Seacrest Corporation sells sailboats and has an inventory turnover ratio of times per year based on its most recent audited annual financial statements. Assume a day year.
During the year Seacrest sold boats at an average selling price of $ Seacrest applies a mark up on cost and is enough to pay its annual operating expenses of $
Required : How much is the Average Inventory for the year? $
Required : On average how many days does it take Seacrest to completely sell its inventory of boats? Determine the average days of outstanding inventory.
Required : Seacrest's Gross profit percentage is report it as multiplied by to represent it as a percentage:
Required : If total average assets are $ What is the Return on Assets? report it as multiplied by to represent it as a percentage:
Required : Seacrest's Return on Sales is report it as multiplied by to represent it as a percentage:
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