Question: How many days on average does it take Precision Tool to sell its inventory? ( Use 2 0 1 2 values )

How many days on average does it take Precision Tool to sell its inventory? (Use 2012 values)

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 Finance Questions!

Q:

Please explain with all steps how this was solved. Precision Tool 2011 and 2012 Balance Sheets 01 $8,384 11,500 17,500 3.825 2012 2011 $7,250 9,800 15,000 6357 011 Cash Accounts rec. Inventory Total...

Q:

Use the attached financial information of Precision Tool to calculate the following ratios and show your work: 1) How many days on average does it take Precision Tool to sell its inventory? (Use 2012...

Q:

Eight years ago you invested $2500. Today it is worth $3,500. What rate of interest did you earn? 6.59 percent 19.50 percent 6.88 percent O 4.30percent o 701 percent Precision Tool 2011 2012 Cash...

Q:

Precision Tool 2011 and 2012 Balance Sheets 2011 2011 2012 $1,003 2012 58.384 Cash $2,060 $7,260 Accounts rec. 3,411 4.218 9.800 11.500 Accounts payable Long-term debit Common stock Retained earning...

Q:

Add formula pls Precision Tool 2011 and 2012 Balance Sheets 7. How many days on average does it take Precision Tool to sell its inventory? (Use 2012 values) A. 164.30 days B. 187.77 days C. 219.63...

Q:

$36.408 28.225 1.760 6,423 Precision Tools 2019 Income Statement Net sales Less: Cost of goods sold Less: Depreciation Earnings before interest and taxes Less: Interest paid Taxable income Less:...

Q:

Please answer both parts and show work. :) Precision Tool 2009 Income Statement $36,408 28,225 1760 6,423 Net sales Less: Cost of goods sold Less: Depreciation Earnings before interest and taxes...

Q:

nat Tools Table Window Help a FIN322Assignment Winterto ces Mailings Review View aBbCcDdEe AaBbCeDdF AaBbC Emphasis Heading 1 Norm Precision Tool 2009 Income Statement Net sales Less: Cost of goods...

Q:

nat Tools Table Window Help a FIN322Assignment Winterto ces Mailings Review View aBbCcDdEe AaBbCeDdF AaBbC Emphasis Heading 1 Norm Precision Tool 2009 Income Statement Net sales Less: Cost of goods...

Q:

Precision Tool 2009 Income Statement Net sales Less: Cost of goods sold Less: Depreciation Earnings before interest and taxes Less: Interest paid Taxable Income Less: Taxes Net income $36,408 28,225...

Q:

Select two organizations Michael craft and Hobby lobby craft and assess their relative positions in terms of their outcomes and experiences. How well do they fit with their respective strategies?

Q:

Bentley Inc. (the lessor) leases an asset to Haley Corp. (the lessee) for four years. Data relating to this lease are provided below. Assume this lease is a capital lease in all parts below. Answer...

Q:

valued at $ 4 0 , 0 0 0 . The dealer will let you drive away with no money down. You sign a 5 year lease with monthly payments. The imbedded discount rate on the lease is 6 . 7 5 % . At the end of...

Q:

Students greatest fears are about grades ( failing , losing scholarships, parental disappointment,... ) . To examine whether there are differences between Canadian and International students in the...

Q:

Appreciate the services that consultants provide

Q:

Know about the different kinds of consultants

Q:

Know that arbitration is becoming more widely used in situations related to human resources