Question: Good Vibes Manufacturing is a firm with an annual net income of $20 million, revenue of $60 million and cost of goods sold of

Good Vibes Manufacturing is a firm with an annual net income of $20 million, revenue of $60 million and cost of goods sold of $25 million. If the balance sheet amounts show $2.5 million of inventory and $500K of property, plant & equipment, calculate Good Vibe Manufacturing's percentage invested in inventory. O 12.50% O 16.67% O 83.33% O 100% 0 60.00% Previous N

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock

To calculate Good Vibe Manufacturings percentage invested in inventory we need to use the follow... View full answer

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 General Management Questions!

Suppose a division of Vermont Instruments Incorporated that sells computer microchips has these inventory records for January 2021: (Click the icon to view the inventory records.) The company's...

a. Write a realistic problem for which these are the correct freebody diagrams. Be sure that the answer your problem requests is consistent with the diagrams shown. b. Finish the solution of the...

O O O % Homework: Applied Activity 7 Question 17, P7-54 (similar to) Part 2 of 5 Required vans and receivables 40.41%, 27.48 of 68 points Mezau Financial specializes in providing financing for...

Which of the following quadratic equations is in standard form? (a) x 2 7x = 5 (b) 9 = x (c) (x + 5)(x - 4) = 0 (d) 0 = 5x - 6x - 1

Display as a bar chart the periods since 1854 that are designated as U.S. recessions by the National Bureau of Economic Research (FRED code: USREC). Why has the frequency of recessions declined over...

How does investment in housing create its own investment in social capital?

Let X and Y be independent exponential random variables with respective rates and , where >. Let c > 0. (a) Show that the conditional density function of X, given that X + Y = c, is fX|X+Y (x|c) = (...

Determine the number of periods for which the following annuity payments would have to be invested to accumulate to $20,000. Assume payments are made at the end of each period. Convert the number of...

Open the Customer Order Excel file in Tableau. Create a line chart showing yearly Profit. What can you conclude? Check all that apply. We can also use a pie chart to visualize the yearly profit data....

Consolidating an International Subsidiary, Year of Acquisition On February 1, 2016, Pathway Inc., a U.S. company, acquired all of the outstanding shares of Superbarn Supermarkets, an Australian...

A report prepared by a government official comparing actual costs to budgeted costs for the blood bank appears below. Continued support from the government depends on the blood banks ability to...

Renaldo's Bakery makes bread for the local restaurants. Gennaro's job is to inspect the bread for defects, including size, holes, slice width, hardness, and softness. Each loaf of bread could have as...

An archer wants to test the speed of his shot (arrow) using limited sources. During the experiment, he hits a solid ball made up of clay soil having mass 0.4 kg kept at a height of 80 m on the...

The term (2 points) refers to a broad range of tools and activities used to explore big data in order to make forecasting models that will inform decision-making. a) Information system b) Knowledge...

Jim decided to sell his business because he wanted to retire. Through their lawyers, Mike agreed to buy Jim's business for $500,000. A certified cheque was specified as the method of payment for the...

Homework: Chapter 22 Comprehensiv Score: 14.76 of 20 pts P22-41A (similar to) The Gridley Tire Company manufactures racing tires for bloyoles. Gridley sells tires for $80 ea by developing a master...

For the next several days, take notes on your listening performance during at least a half-dozen situations in class, during social activities, and at work, if applicable. Referring to the traits of...

2. Identify reasons to hold (or not hold) a meeting.

3. Construct a complete meeting agenda.

2. Explain the advantages and disadvantages of face-to-face and virtual teams and describe ways to address the disadvantages.