Question: For the next three questions , use the information below A 7 X Corporation has ending inventory of $ 6 8 6 , 3 7

For the next three questions , use the information below A7X Corporation has ending inventory of $686,373 and cost of goods sold for the year just ended was $4,765,1354. What is the inventory turnover ? Type your answer 52 points 5. What is the days in inventory ? Answer must be a numberRemove any symbols or units 61 point 6. How long on average did a unit of inventory sit on the shelf before it was sold ? Type your answer

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

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

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!

Q:

For the next three questions, use the information below. A 7 X Corporation has ending inventory of $ 6 8 6 , 3 7 3 and cost of goods sold for the year just ended was $ 4 , 7 6 5 , 1 3 5 4 . What is...

Q:

For the next three questions, use the information provided below. Inventory: Beginning = 100,000 Ending = 300,000 Accounts Receivable: Beginning = 175,000 Ending = 225,000 Accounts Payable: Beginning...

Q:

can you answer the queston asap i need it asap please 1. QUESTION 1 Both New York Stock Exchange and NASDAQ are examples of primary markets. True False 1 points 1. QUESTION 2 Free cash flow...

Q:

ACG 2021 - CHAPTER 5 PERPETUAL INVENTORY SYSTEM A perpetual inventory system seeks to track inventory levels in real-time throughout the entire inventory cycle (purchase, storage, sale, replace)....

Q:

need help with fina 6301 final exam. need to finish soon please help. Question 1 1. Both New York Stock Exchange and NASDAQ are examples of primary markets. Answer True False 1 points Question 2 1....

Q:

Please answer the following: a) After completing the LIFO chart in Exercise One, what is the correct total COGS? See circle on the printed exercise. (5 points for correct answer. No partial credit)....

Q:

1 Both New York Stock Exchange and NASDAQ are examples of primary markets. True False 1 points QUESTION 2 Free cash flow hypothesis states that an increase in dividend should benefit the shareholders...

Q:

B G H E In this project, you will need to prepare the operating budgets for Buff Company which manufactures and sells a singal product. The budgets are prepared by quarter for the year ending on...

Q:

Please help answer the following questions, and show your work. Thank you! Question 1 1. Both New York Stock Exchange and NASDAQ are examples of primary markets. Answer True False 1 points Question 2...

Q:

Instruction: Buff Company expects to meet future sales requirements by maintaing an ending inventory equal to 20% of the next quarter's budgted sales volume. Use these information to complete the...

Q:

1. The radium isotope 223Ra, an alpha emitter, has a half-life of 11.43 days. You happen to have a 1.0 gg cube of 223Ra, so you decide to use it to boil water for tea. You fill a well-insulated...

Q:

Ontario, Inc. manufactures two products, Standard and Enhanced, and applies overhead on the basis of direct-labor hours. Anticipated overhead and direct-labor time for the upcoming accounting period...

Q:

3.43 Let X denote the reaction time, in seconds, to a certain stimulus and Y denote the temperature (F) at which a certain reaction starts to take place. Suppose that two random variables X and Y...

Q:

The Employee Free Choice Act, that strengthened workers' freedom to form unions, was passed through Congress in 2 0 0 9 and implemented into law. Refence books From the folks who brought you the...

Q:

4.27 A store owner stocks an out-of-town newspaper that is sometimes requested by a small number of customers. Each copy of this newspaper costs her 70 cents, and she sells them for 90 cents each....

Q:

Suppose that a real estate agent, Jeanette Nelson, has 5 contacts, and she believes that for each contact the probability of making a sale is 0.40. Using Equation 4.18, do the following: a. Find the...

Q:

Have you ever agreed to give up your airplane ticket in return for a free ticket? Have you ever searched for the cheapest flight so that you could visit a special friend? This example provides some...