A company has a Days Receivable (DSO) of 50days(ona365daybasis),accountsreceivable are$100million,anditsbalancesheetshowsinventoryof$125million.What istheinventoryturnoverratio?

Fantastic news! We've Found the answer you've been seeking!

Question:

Posted Date: May 19, 2024 02:00 AM

See More Questions

Corning-Howell reported taxable income in 2013 of $120 million. At December 31, 2013, the reported amount of some assets and liabilities in the financial statements differed from their tax bases as...
Saturated propane vapor at 2.00 x 10 2 psia is fed to a well-insulated heat exchanger at a rate of 3.00 x 10 3 SCFH (standard cubic feet per hour). The propane leaves the exchanger as a saturated...
Cubs Incorporated manufactures a product with a selling price of $60 per unit. Units and monthly cost data follow: Cubs Inc. pays all bills in the month incurred. All sales are on account with 50...
Where would you be able to bring about cost savings as a program manager for a company? Discuss these using the standard project constraints. (Lo 2)
The inventory records of the Riedel Company showed the following transactions for the fiscal period ended June 30: Required Compute the ending inventory and the cost of goods sold under the LIFO cost...
Practice Using the graph, determine each of the following. (a) the average velocity for the first 2.5 s (b) the average velocity for the interval 2.5 to 7.5 s (c) the instantaneous velocity at the...
One of the ways we may reduce prejudice and discrimination is to improve contact between different groups. In order for this to be successful there are three rules that must be followed. Please click
Q1: Mr. ASLAM is employed on a monthly salary of Rs. 120,000/-. In December 2018 his salary is increased by Rs. 10,000/- per month retrospectively with effect from the 1 st January 2016 and arrears...
You purchase $100,000 of par value of a TIPS with a real rate of 4.5%. Over the first 6 months after issuance the annualized inflation rate is 8.2% and over the following six months it is 8.5%. What...
Ashton Construction assembles residential houses. It uses a job-costing system with two direct-cost categories (direct materials and direct labor) and one indirect-cost pool (assembly support)....
Assume that for the 2017 fiscal year, AstroCo reported sales revenue of $4.0 billion and cost of goods sold of $1.8 billion. Fiscal Year Balance Sheet (in millions) 2017 2016 Cash $ 96 $ 66 Accounts...
You have $100,000 now and will receive $130,000 in exactly one years' time. If you spend $80,000 today and market interest rates are 10% p.a. compounded semi-annually, how much will you have in one...
ow let's further our understanding of how companies finance their investment decisions. Please read the following Annual report from Microsoft, in particular the Financial Condition section. How is...
Huntingdon Capital Corp. is a competitor of Plazacorp and First Capital Realty. Huntingdon reported the following selected information (in millions):...
Maurice Turner, the owner of a newsletter for managers of hotels and restaurants, has prepared the following condensed amounts from his companys financial statements for 20x6: Given these figures,...
What percentage of a general managers time and energy should be devoted to public relations and advocacy?
In CVS Corporations annual report in the Supplement to Chapter 1, refer to the balance sheet and the Summary of Significant Accounting Policies in the notes to the financial statements. 1. Examine...

A company has a Days Receivable (DSO) of 50days(ona365daybasis),accountsreceivable are$100million,anditsbalancesheetshowsinventoryof$125million.What istheinventoryturnoverratio?

Question:

Expert Answer:

Students also viewed these finance questions