Compute the days in inventory for 2014. (a) 64.4 days. (b) 60.8 days. (c) 6 days. (d)
Question:
Compute the days in inventory for 2014.
(a) 64.4 days.
(b) 60.8 days.
(c) 6 days.
(d) 24 days.
Transcribed Image Text:
Inventory Current assets Total assets. Current liabilities Total liabilities Preferred stock 40,000 Common stockholders' equity 240,000 Net sales. Cost of goods sold Net income Tax expense 2014 $ 54,000 81,000 382,000 27,000 102,000 Interest expense Dividends paid to preferred stockholders Dividends paid to common stockholders 2013 $ 48,000 106,000 326,000 36,000 88,000 40,000 198,000 784,000 697,000 306,000 277,000 134,000 90,000 18,000 12,000 22,000 12,000 4,000 4,000 15,000 10,000
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 100% (QA)
Answered By
Fahmin Arakkal
Tutoring and Contributing expert question and answers to teachers and students.
Primarily oversees the Heat and Mass Transfer contents presented on websites and blogs.
Responsible for Creating, Editing, Updating all contents related Chemical Engineering in
latex language
4.40+
8+ Reviews
22+ Question Solved
Related Book For
Financial And Managerial Accounting
ISBN: 9781118004234
1st Edition
Authors: Donald E. Kieso, Paul D. Kimmel, Jerry J. Weygandt
Question Posted:
Students also viewed these Business questions
-
Determine the kinetic energy of the solid parallelepiped of Prob.18.5. C D 24
-
The following additional information is available for the Dr. Ivan and Irene Incisor family from Chapters 1-5. Ivan's grandfather died and left a portfolio of municipal bonds. In 2012, they pay Ivan...
-
A table of properties for methyl chloride lists the saturation pressure as 116.7 psia at 100oF. At 100oF, this table also lists hfg = 154.85 Btu/lbm, and vfg = 0.86332 ft3/lbm. Estimate the...
-
The firm's self-supporting growth rate is influenced by the firm's capital intensity ratio. The more assets the firm requires to achieve a certain sales level, the lower its sustainable growth rate...
-
A 20.0-kg block is connected to a 30.0-kg block by a string that passes over a light frictionless pulley. The 30.0-kg block is connected to a spring that has negligible mass and a force constant of...
-
In the case of the previous question, if the effect of the finite speed of sound were neglected, would \(h\) be larger or smaller? What percentage error would be made? Previous question: One wants to...
-
Dr. Mark Greenberg practices dentistry in Topeka, Kansas. Greenberg tries hard to schedule appointments so that patients do not have to wait beyond their appointment time. His October 20 schedule is...
-
(a) Explain the following methods of payment that could be used by a multinational corporation (MNC) to settle international transactions: Required: (i) Prepayment. (2 marks) (ii) Letters of credit...
-
Compute the current ratio for 2014. (a) 1.26:1. (b) 3.0:1. (c) .80:1. (d) 3.75:1. Inventory Current assets Total assets. Current liabilities Total liabilities Preferred stock 40,000 Common...
-
A measure useful in evaluating the efficiency in managing inventories is: (a) inventory turnover. (b) average days to sell inventory. (c) Both (a) and (b). (d) None of the above.
-
Write balanced complete ionic and net ionic equations for each reaction. a. HCl(aq) + LiOH(aq) HO(1)+ LiCI(aq) b. Cas(aq) + CuCl(aq) CuS(s) + CaCl(aq) c. NaOH(aq) + HCHO(aq) d. Na3PO4(aq) + NiCl(aq)...
-
Name and describe the per se violations of antitrust law.
-
In Problem 26-14, what is the value of the Herfindahl- Hirschman Index? Problem 26-14 Suppose that a company based in Dallas, Texas, confronts only four other rival firms. Its own market share is 35...
-
How do your healthcare providers (e.g., personal physician, nurse practitioner, therapist, retail pharmacist, hospital, emergency department) keep you safe from being harmed by the effects of...
-
If there are 13 "All others" in the industry in Problem 26-1, each of which has a share of sales equal to 1 percent, what is the value of the Herfindahl- Hirschman Index for this industry? Problem...
-
Let \(\mathbf{F}=\left\langle y^{2}, x^{2}, z^{2}ightangle\). Show that \[ \int_{C_{1}} \mathbf{F} \cdot d \mathbf{r}=\int_{C_{2}} \mathbf{F} \cdot d \mathbf{r} \] for any two closed curves going...
-
You are the CEO of a company and you are considering entering into an agreement to have your company buy another company. You think the price might be too high, but you will be the CEO of the...
-
Give the structural formulas of the alkenes that, on ozonolysis, give: a. (CH3)2C=O and CH2=O b. Only (CH3CH2)2C=O c. CH3CH=O and CH3CH2CH=O d. O=CHCH2CH2CH2CH=O
-
Washington Law Firm performed legal services for a client who could not pay immediately. The business expected to collect the $16,000 the following month. Later, the business received $9,600 cash...
-
Use the January transaction data for Ned Brown, M.D., P.C., given in Short Exercise 2-5. Requirements 1. Open the following T-accounts: Cash, Accounts receivable, Medical supplies, Accounts payable,...
-
Oakland Floor Coverings, Inc., reported the following summarized data at December 31, 2012. Accounts appear in no particular order. Requirement 1. Prepare the trial balance of Oakland Floor Coverings...
-
Month January February March April Pints of Applesauce Produced 117,000 Energy Cost $71,400 75,000 65,700 78,000 68,400 84,000 69,150 May 102,000 69,900 June 108,000 70,650 July 132,000 71,100 August...
-
You are a 50 year old, who inherits $1.5m. You own a home on which you have a mortgage of $500,000.You have a decent job and a family income of $150,000 annually. How would you invest your money for...
-
You initiated a Butterfly spread with QQQ June, 2022 calls. You sold two $360 calls at $17.7 and bought one call with strike of $345 for $27.5 and one call with strike of $375 for $9.15. What is your...
Study smarter with the SolutionInn App