Suppose the Robinson Company had a cost of goods sold of $1,000,000 in 2019 and $1,200,000 in
Question:
Suppose the Robinson Company had a cost of goods sold of $1,000,000 in 2019 and $1,200,000 in 2020.
a. Calculate the inventory turnover for each year. Comment on your findings.
b. What would have been the amount of inventories in 2020 if the 2019 turnover ratio had been maintained?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 100% (1 review)
a Inventory turnover COGSInventory 1200000500...View the full answer
Answered By
Shameen Tahir
The following are details of my Areas of Effectiveness. The following are details of my Areas of Effectiveness English Language Proficiency, Organization Behavior , consumer Behavior and Marketing, Communication, Applied Statistics, Research Methods , Cognitive & Affective Processes, Cognitive & Affective Processes, Data Analysis in Research, Human Resources Management ,Research Project,
Social Psychology, Personality Psychology, Introduction to Applied Areas of Psychology,
Behavioral Neurosdence , Historical and Contemporary Issues in Psychology, Measurement in Psychology, experimental Psychology,
Business Ethics Business Ethics An introduction to business studies Organization & Management Legal Environment of Business Information Systems in Organizations Operations Management Global Business Policies Industrial Organization Business Strategy Information Management and Technology Company Structure and Organizational Management Accounting & Auditing Financial Accounting Managerial Accounting Accounting for strategy implementation Financial accounting Introduction to bookkeeping and accounting Marketing Marketing Management Professional Development Strategies Business Communications Business planning Commerce & Technology Human resource management General Management Conflict management Leadership Organizational Leadership Supply Chain Management Law Corporate Strategy Creative Writing Analytical Reading & Writing Other Expertise Risk Management Entrepreneurship Management science Organizational behavior Project management Financial Analysis, Research & Companies Valuation And any kind of Excel Queries.
4.70+
16+ Reviews
34+ Question Solved
Related Book For
Introduction To Finance Markets, Investments, And Financial Management
ISBN: 978-1119561170
17th Edition
Authors: Ronald W. Melicher, Edgar A. Norton
Question Posted:
Students also viewed these Business questions
-
Suppose the Robinson Company had a cost of goods sold of $1,000,000 in 2013 and $1,200,000 in 2014. a. Calculate the inventory turnover for each year. Comment on your findings. b. What would have...
-
The Robinson Company had a cost of goods sold of $1,000,000 in 2014 and $1,200,000 in 2015. a. Calculate the inventory turnover for each year. Comment on your findings. b. What would have been the...
-
Suppose the Robinson Company had a cost of goods sold of $1,000,000 in 2016 and $1,200,000 in 2017. a. Calculate the inventory turnover for each year. Comment on your findings. b. What would have...
-
Suppose that two linear equations are graphed on the same set of coordinate axes. Sketch what the graph might look like if the system has the given description. (a) The system has a single solution....
-
For a t distribution with 16 degrees of freedom, find the area, or probability, in each region. a. To the right of 2.120 b. To the left of 1.337 c. To the left of 1.746 d. To the right of 2.583 e....
-
Show that there is no acceptable solution to the (time-independent) Schrdinger equation for the infinite square well with E = 0 or E < 0.
-
The rigid beam is supported by a pin at A and two steel wires, each having a diameter of 4 mm. If the yield stress for the wires is y = 530 MPa, and E st = 200 GPa, determine the intensity of the...
-
The following information is available for the Johnson Corporation for 2011: Required: Applying both a perpetual and a periodic inventory system, prepare the journal entries that summarize the...
-
Why would it be a good idea to do international business or start an business in Canada? with supporting details related to and backing the point.
-
Rework Problem 8 assuming that Genatron Manufacturing expects its sales to increase by 20 percent in 2021. What is the amount of external financing needed? Data from Problem 8 Genatron Manufacturing...
-
Genatron wants to estimate what will happen to its income before interest and taxes if its net sales change from the 2020 level of $1,500,000. Refer to Genatrons 2020 income statement, shown in...
-
In the 1970s, Disneyland charged an entrance fee to get into the park and then required customers to separately buy tickets for each ride once they were in the park. In the 1980s, Disneyland switched...
-
The system shown in Figure P12.12 consists of two balls \(A\) and \(B\) connected by a thin rod of negligible mass. Ball A has three times the inertia of ball \(\mathrm{B}\) and the distance between...
-
If ten screaming children on the playground produce a sound for which the intensity level is \(80 \mathrm{~dB}\), how many children do you need to produce an \(82-\mathrm{dB}\) sound?
-
A very thin bar of length \(\ell\) and negligible inertia connects two blocks \(\mathrm{A}\) and \(\mathrm{B}\) that have inertias \(4 m\) and \(m\), respectively (Figure P12.11). When this rod-block...
-
Electron capture is usually followed by the emission of an \(\mathrm{x}\) ray. Why? The following two questions concern an uncommon nuclear decay mode known as electron capture. Certain nuclei that...
-
What happens to the magnitude of the Doppler shift you hear in the whistle of a passing train if you increase the distance between you and the tracks?
-
Suppose one firm accounts for 55 percent of the global market share for a product, while 147 other firms account for the remaining 45 percent of the market. With such a large number of buyers and...
-
Read the following description and Write a response of it. The discretion of public administrators can be decreased, but not altogether eliminated. Officials will use their discretion in any given...
-
How does a Treasury Inflation Protected Security (TIPS) bond diff er from the typical U.S. Treasury security?
-
What is a round lot of common stock?
-
Lerman Company has preferred stock outstanding. It pays an annual dividend of $10. If its current price is $70, what discount rate will investors use to value the stock?
-
I have this code, I have some issue to fix: 1- I need the code to allow me to write in the products.txt file 2-The program is duplicating whatever is writing on products.txt in products_output.txt...
-
Below is my two codes..I am trying to figure out how to add string builder to the second code to display the records in a table format. please advise. Thanks!! class Automobile { private int ID; //...
-
INTELLIJ QUESTION: Intellij is literally running whatever files it wants! I am trying to run my code but it's impossible. I don't know how to fix it. It goes immediately to my other Utils.java file...
Study smarter with the SolutionInn App