Question: Oliver Incorporated has a current ratio = 2 . 6 , and a quick ratio equal to 2 . 2 . The company has $

Oliver Incorporated has a current ratio =2.6, and a quick ratio equal to 2.2. The company has $4 million in sales and its current liabilities are $2 million. What is the companys inventory turnover ratio?

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:

4. ROFFICE RECORDS IS A PRIVATE, SMALL COMPANY. LAST YEAR HAD AN INCOME, AFTER CONTRIBUTIONS OF $ 15,000.00 AND HAD $ 10,000 OUTSTANDING PARTICIPATIONS. THE OWNERS WERE TRYING TO VERIFY THE VALUE IN...

Q:

6. Siyanda Corporation has a return on equity of 20 percent, and a debt ratio of 0.5, what is its return on total assets (ROA)? a. 10 percent. b. 40 percent. C. 20 percent. d. 30 percent. e. We...

Q:

6. Siyanda Corporation has a return on equity of 20 percent, and a debt ratio of 0.5, what is its return on total assets (ROA)? a. 10 percent. b. 40 percent. 20 percent. d. 30 percent. c. e. We...

Q:

1F Oliver Incorporated has a current ratio equal to 1.6 and a quick ratio equal to 1.2. The company has $2 million in sales and its current liabilities are $1 million. What is the company's inventory...

Q:

5 Liquidity ratios 5. Oliver Incorporated has a current ratio = 1.6, and a quick ratio equal to 1.2. The company has $2 million in sales and its current liabilities are $1 million. What is the...

Q:

see attach .no explanation just choose what is the answer. no need solution Oliver Incorporated has a current ratio equal to 1.45 and a quick ratio equal to 1.2. The companyr has Rs. 2 million in...

Q:

4. ROFFICE RECORDS IS A PRIVATE, SMALL COMPANY. LAST YEAR HAD AN INCOME, AFTER CONTRIBUTIONS OF $ 15,000.00 AND HAD $ 10,000 OUTSTANDING PARTICIPATIONS. THE OWNERS WERE TRYING TO VERIFY THE VALUE IN...

Q:

Oliver Incorporated has a current ratio equal to 1.6 and a quick ratio equal to 1.2. The company has a cost of goods sold of $850,000 and its current liabilities are $1.2 million. Compute the...

Q:

Winter 2019 ACC 1100 A01-A03 Introductory Financial Accounting Term Project Part 2 Instructions Instructions to students: ualitative 6% weight of course grade) al Your group should refer to the data...

Q:

see attach .no explanation just choose what is the answer. no need solution. Oliver Incorporated has a current ratio equal to 1.45 and a quick ratio equal to 1.2. The companyr has Rs. 2 million in...

Q:

To approximate an actual spark-ignition engine consider an air-standard Otto cycle that has a heat addition of 1800 kJ/kg of air, a compression ratio of 7, and a pressure and temperature at the...

Q:

1-Design a 4 Bit ALU- a) Make Block Diagram b) System should take input from Keypad c) System should take the desired operation (+ - * /).You can use built in IC from libraries d) System Should...

Q:

Weight losses of as little as q , of an athlete's weight through dehydration can impair performance. 1 % 1 2 % 6 % 8 % 2 %

Q:

Which of the following are problems with identifying users of ABC? Multiple select question. ABC means different things to different organizations. Organizations will announce the discontinuance of...

Q:

Teamwork. Ethics. Form groups with four or five students in each. Each member of the group will choose a specific cultural dimension from among the following: ethnicity, race, gender, age, or...

Q:

Teamwork. Form groups of four to seven people. Discuss the importance of diversity initiatives in businesses. Plan an agenda for a seminar that could help people in a business understand the needs...

Q:

Technology. Global. Ethics. Interview a student, a businessperson, or a visiting lecturer who is a native of another country or who has spent extensive time in a particular country other than the...