Question: please answer ASAP and i will like Sparky's sells auto parts. Provided below is selected financial information from the company's anvual report: Sparky's forecasts that

please answer ASAP and i will like

Sparky's sells auto parts. Provided below is selected financial information from the company's anvual report: Sparky's forecasts that sales will grow by 25% in Year 3 and that its cost of goods sold to sales ratio will be the same in Year 3 as it was in Year 2 . If these assumptions prove correct and Sparky's inventory turnover ratio for Year 3 is 6.5 what will be the level of inventory at the end of Year 3 ? a. 514,000 b. 524,117 c. 520,017 d. 575,035

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!

Information on Kwon Manufacturing's activities for its first month of operations follows: a. Purchased $100,400 of raw materials on credit b. Materials requisitions show the following materials used...

Sparky's Sparky's sells auto parts. Provided below is selected financial information from the company's annual report: Sparky's forecasts that sales will grow by 25% in Year 3 and that its cost of...

Sparky's sells auto parts. Provided below is selected financial information from the company's annual report: Sparky's forecasts that sales will grow by 25% in Year 3 and that its cost of goods sold...

22. Which of the following will most likely help identify an increasing proportion of uncollectible sales? (Points : 2) a. accounts receivable turnover b. the ratio of bad debt expense to sales c....

Hancock's sells auto parts. Provided below is selected financial information from the company's 2020 annual report: *Need an Excel spreadsheet for calculation? --> MS Excel (You may need to widen the...

Sparky's sells auto parts. Provided below is selected financial information from the company's annual report: Sparky's Selected Financial Statement data Fiscal year end Year 2 Year 1 (amounts in...

Sparkys Sparkys sells auto parts. Provided below is selected financial information from the companys 2012 annual report: Sparkys Selected Financial Statement data Fiscal year end 2012 2011 (amounts...

Sparky's sells auto parts. Provided below is selected financial information from the company's annual report: Sparky's Selected Financial Statement data Fiscal year end (amounts in thousands of...

Sparkys sells auto parts. Provided below is selected financial information from the companys 2012 annual report: Using Sparkys financial information what is the companys inventory turnover ratio for...

Example: $2,500 at stated rate of 6%, five equal quarterly principal payments PLUS $25 Fee Five payments: $500 every 3 months. Please note the 6% is an annual rate and there are five quarterly...

A heavy car plunges into a lake during an accident and lands at the bottom of the lake on its wheels (Fig. 3-31). The door is 1.2 m high and 1 m wide, and the top edge of the door is 8 m below the...

Why wont my function return a negative value w / a ' N ' ? def roll _ egeln ( ployer ) :ordent ( f ' I donl't understands ( response ) , Please onter elether " Y " a I - roll cyan ( " san " )...

Precious Metal Trust has the following classes of stock: Preferred Stock5%, $15 Par Value; 7,000 shares authorized, 5,500 shares issued and outstanding Common Stock$ 0.30 Par Value; 2,000,000 shares...

The following information pertains to peak heights company: Required: Present the operation activities section of the statement of cash flows for peak heights company using the indirectmethod. Income...

For the coming year, Archway Computers Inc. expects to produce and sell 200,000 computers. Of these, 80,000 will be consumer (personal) computers and 120,000 will be small business computers. Common...

Wescott Company has three divisions: A, B, and C. The company has a hurdle rate of 8 percent. Selected operating data for the three divisions are as follows: Wescott is considering an expansion...

The following information relates to Starr Companys investment in available- for- sale bonds for 2016: Jan. 1 Purchased $ 30,000 face value of Bradford Company 8% bonds for $ 29,100. The market rate...

Realiza un cuadro comparativo donde analices y expliques: Las diferencias y semejanzas entre los diferentes tipos de auditora incluyendo la auditoria adminstrativa

1. LaunchPad for Real Communication offers key term videos and encourages selfassessment through adaptive quizzing. Go to bedfordstmartins.com/realcomm to get access to: LearningCurve Adaptive...

3. For an interesting look at conflict and debate, you need not search further than the U.S. Congress. Debates on the floor of the Senate and House of Representatives are broadcast on C-SPAN and...

2. Identify conflict triggers in yourself and others