Question: a. Calculate the days sales in inventory for each company (round to two decimal places). b. Which company will take the longest to sell its

a. Calculate the days€™ sales in inventory for each company (round to two decimal places).
b. Which company will take the longest to sell its current balance ininventory?

Ending inventory Cost of goods sold Company A S 20,000 345,000 Company B 75,000 540,000 Company C $ 140,000 2,100,000

Step by Step Solution

★★★★★

3.31 Rating (175 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock

a Company A Company B Company C Ending inventory 20... View full answer

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Document Format (1 attachment)

384-B-A-F-S (4034).docx

120 KBs Word File

Students Have Also Explored These Related Accounting Questions!

Suppose that 75% of the workers have indexed labour contracts. The Phillips curve is given by = + 0.10- 2u. Expected inflation is given by n = (1-0) + 0-1 where is assumed to be one. Suppose that...

The following table represents admission data of two programs for the given years: 2009/10 2010/11 2011/12 99 136 112 307 309 297 Computer Systems Technician Computer Systems Technology a) What...

Liquidity Ratios Mike Sanders is considering the purchase of Kepler Company, a firm specializing in the manufacture of office supplies. To be able to assess the financial capabilities of the company,...

17) A company has net credit sales of $91,000, beginning net accounts receivable of $22,000 and ending net accounts receivable of $19,000. Calculate the days' sales in receivables. (Round any...

Jezebel, Inc. completed Job 12 and several other jobs in the last week. The cost details of Job 12 are shown below. Direct labor cost $700 Direct materials cost $110 Machine hours 6 hours Direct...

THIS IS ALL ONE QUESTION Salvador Industries bought land and built its plant 20 years ago. The depreciation on the building is calculated using the straight-line method, with a life of 30 years and a...

What are the formulas of how to get these answers. Question 1 a) American Bacon Inc. financial statements are presented in the table below. Based on the information in the table, and using a 365-day...

What are the formulas to each question? The correct answers are provided Question 1 a) Canadian Bacon Inc. financial statements are presented in the table below. Based on the information in the...

Q. S. 17-12 2 (a) calculate the days' sales in inventory for each company to two decimal places Ending inventory Cost of goods sold Co. A Co. B $20,000 $75,000 $140,000 345,000 540,000 2,100,000 (b)...

Global competition is determined in part by both efficiency and innovation. To develop a foreign market entry strategy for your company, a colleague informed you of a competitiveness report that is...

Use the Yahoo! subject directory to identify two dictionaries of technical terms. Begin with the subject Computers and Internet, and then follow the appropriate links until you obtain results....

Let f be a function that is even and continuous on the closed interval - 5 , 5 . The function f and its derivatives have the properties indicated in the table below. Properties of f and its...

Question 4 Due to the limitation of space, a poster . Must not be cluttered Must be filled with pictures graphics must be carefully selected Must be planned

Question 3 the reason for using colors in the poster is to wear out readers eyes to attract attention , to overload the poster One of the following is not a reason for using colour in your poster....

Question 2 which statement is a false? The following are true about a poster; there may be more than one correct answer. It is a comprehensive presentation of research findings It is a graphic...

Question 1 ______section present a clear concise description of a difficulty or gap that needs to be solved, filled, adjusted and researched to see whether a solution can be found. Conclusion Method...

Prove that (7.73) is true under the condition that Pa, (Z|

Tradewell Rentals purchased a piece of equipment with an FMV of $11,348 in exchange for a five-year, non-interest-bearing note with a face value of $20,000. (a) Compute the effective interest rate on...

Candleton borrowed cash, signing a two-year, interest-bearing note payable with a face value of $8,000 and an effective interest rate of 8 percent. Interest payments on the note are made annually....

On January 1, 2012, Wilmes Floral supplies borrowed $2,413 from Bower Financial Services. Wilmes Floral Supplies gave Bower a $2,500 note with a maturity date of December 31, 2013. The note specified...

1. On April 5, purchased merchandise on account from Sheffield Company for $27,600, terms 2/10, net/30. FOB shipping point. 2. On April 6, paid freight costs of $500 on merchandise purchased from...

Modern Artifacts can produce keepsakes that will be sold for $50 each. Nondepreciation fixed costs are $1,500 per year, and variable costs are $30 per unit. The initial investment of $2,000 will be...

Given an array, calculate the address of a specified element (or byte) from the starting address