Calculate the inventory turnover ratio if average inventory is 40,000 and cost of sales is 280,000.
Question:
Calculate the inventory turnover ratio if average inventory is £40,000 and cost of sales is £280,000.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 100% (QA)
Answered By
Nyron Beeput
I am an active educator and professional tutor with substantial experience in Biology and General Science. The past two years I have been tutoring online intensively with high school and college students. I have been teaching for four years and this experience has helped me to hone skills such as patience, dedication and flexibility. I work at the pace of my students and ensure that they understand.
My method of using real life examples that my students can relate to has helped them grasp concepts more readily. I also help students learn how to apply their knowledge and they appreciate that very much.
4.00+
1+ Reviews
10+ Question Solved
Related Book For
Frank Woods Business Accounting
ISBN: 9780273759287
12th Edition
Authors: Frank Wood. Sangster, Alan
Question Posted:
Students also viewed these Business questions
-
Link BD is made of brass (E = 105 GPa) and has a cross-sectional area of 240 mm. Link CE is made of aluminum (E = 72 GPa) and has a cross-sectional area of 300 mm. Knowing that they support rigid...
-
Why is important that evaluation should begin during planning and implementation and continue through the completion of the project, and how this benefits the proposed project.
-
On January 1, 2024, the general ledger of Tripley Company included the following account balances: The $30,000 beginning balance of inventory consists of 300 units, each costing $100. During January...
-
Consider the example in Exhibit 5.5. Can you think of anything else you might do with that example that would be helpful to the ultimate decisionmaker? exhibit 5.5 Decision Tree Analysis Using Net...
-
Suppose rRF = 5%, rM = 10%, and rA = 12%. a. Calculate Stock As beta. b. If Stock As beta were 2.0, what would be As new required rate of return?
-
One bank pays 5.5 percent annual interest, while a second bank pays 4.5 percent annual interest. Determine how much longer it will take to accumulate at least $50 000 in the second bank account if...
-
Purina entered in a contract with the defendant to sell the defendant piglets, known as weanlingsbaby pigs that have been weaned. It is uncontested that the buyer breached and that Purina is entitled...
-
Donated Services. Indicate whether each of the following donated services situations would require a journal entry for contribution revenue and a related expense or asset by circling Y for yes or N...
-
What are the meanings of the following 1.Data definition language 2.Data manipulation language 3.Data integrity language 4.Data control language
-
Calculate return on capital employed for a sole proprietor whose net profit was 60,000 and whose capital employed was 200,000.
-
Spectrum Ltd is a private company with an authorised capital of 700,000 divided into shares of 1 each. 500,000 shares have been issued and are fully paid. The company has been formed to acquire small...
-
The following graph is from a study of the proficiency of two groups of people on a complex visual task involving rhythmic temporal patterns similar to Morse code (Saenz & Koch 2008). One group...
-
List two metrics currently used in your professional field that are reviewed periodically, and explain how they are used to drive change. Describe the process of developing an internal operational...
-
What steps could you take to retain toptalentin this role? Retention efforts may be fairly general within a company, inthesense that you might not have specialized approaches forindividualroles......
-
Write the function speeds_to_powers (wind_speeds, density, efficiency, length) that takes a list containing average wind speeds and returns a list containing the turbine power for each speed reading,...
-
Discuss the two major components of an HIT service management. Provide examples of what is included in them. Describe what IT enterprise architecture is and how enterprise architecture can be applied...
-
Based on NLRB opinions on Social Media , analyze the approach a company should take with approaching a Social Media policy. Describe the pros and cons of having a social media policy and determine...
-
Assume that Coaltown Corporation has a machine that cost $52,000, has a book value of $35,000, and has a market value of $40,000. The machine is used in Coaltowns manufacturing process. For each of...
-
What are the main distinctions between the different schools of legal interpretation?
-
Parent Ltd acquires 60 per cent of the shares in Siblings Together Ltd. Balance sheets are then drafted immediately. You are to draw up the consolidated balance sheet. Parent Balance Sheet Investment...
-
Papi Ltd acquired all the shares in Son and Sister Ltd and then the following balance sheets were drawn up. You are to prepare a consolidated balance sheet. Papi Balance Sheet Investment in Son and...
-
Prepare a consolidated balance sheet from the following balance sheets of Pa Ltd and Sonny Ltd which were drawn up immediately after Pa Ltd had acquired the share capital of Sonny Ltd. Pa Balance...
-
Explain the distinct and complementary role(s) that equity, debt, mezzanine. When/where/how are various products used? How might they be combined? Why have private credit/debt funds grown in recent...
-
Nivea is planning to launch a project of natural haircare products. The project has the following parameters: Product life cycle of 6 years. Research & Development (R&D) on the product line was $73...
-
At noon, ship A is 50 nautical miles due west of ship B. Ship A is sailing west at 21 knots and ship B is sailing north at 16 knots. How fast (in knots) is the distance between the ships changing at...
Study smarter with the SolutionInn App