Question: Tortoise Inc had a cost of goods sold of 43 821
Tortoise, Inc., had a cost of goods sold of $43,821. At the end of the year, the accounts payable balance was $7,843. How long on average did it take the company to pay off its suppliers during the year? What might a large value for this ratio imply?
Relevant QuestionsThe market value of the equity of Thompson, Inc., is $580,000. The balance sheet shows $35,000 in cash and $190,000 in debt, while the income statement has EBIT of $91,000 and a total of $135,000 in depreciation and ...Y3K, Inc., has sales of $6,189, total assets of $2,805, and a debt–equity ratio of 1.40. If its return on equity is 13 percent, what is its net income?Prince Albert Canning PLC had a net loss of £45,831 on sales of £198,352. What was the company’s profit margin? Does the fact that these figures are quoted in a foreign currency make any difference? Why? In dollars, ...The most recent financial statements for Dockett, Inc., are shown here (assuming no income taxes):Assets and costs are proportional to sales. Debt and equity are not. No dividends are paid. Next year’s sales are projected ...Based on the following information, calculate the sustainable growth rate for Kaleb’s Kickboxing:Profit margin = 7.1%Capital intensity ratio = .75Debt–equity ratio = .60Net income ...
Post your question