Question: Question 17 1 pts Gateway Corp. has an inventory turnover ratio of 7.2. What is its day's sales in inventory? Round your final answer to

Question 17 1 pts Gateway Corp. has an inventory turnover ratio

Question 17 1 pts Gateway Corp. has an inventory turnover ratio of 7.2. What is its day's sales in inventory? Round your final answer to nearest day. 63 days 59 days 64 days 51 days

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!

P-3. To review, here is the information for the first problem: One of your first assignments at the world famous Pez Candy Company located in Milford, Connecticut, is to evaluate two proposals for a...

You helped me a couple of weeks ago. I was wondering if i could setup a time for tomorrow that you could be available to help me with some questions. I will pay $20 per question. They are short and I...

Help me figure out the ratios to analyze a company's liquidity and solvency. Please add the formulas to show how you got the answers. Also please answer the stuff in yellow. 1. Use ratios to analyze...

MUST use ROUND function in excel. already have the answers but dont know how to compute them with the ROUND function A B) C D Recent financial statements for Zimmer, Inc, are as follows: Zirnmer,...

Hi can u pls help me to find out the auditing MCQ questions answer .I attach a file.please.My email id is (ruhin_1986@yahoo.com) 1 Marks: 1 When an auditor calculates the gross margin as a percent of...

1..With the Pfizer Inc. Financial Ratio Summary, you need to complete the Liquidity Ratios, Efficiency Ratios, Leverage Ratios, Profitability Ratios and Market Valuation Ratios for 2015-2019,...

pls i need help with the samsung wiley Annual Report Project only the other 4 Attachment is a guideline telling you what need to be done.pls see the attached Apple company wiley Annual Report ANNUAL...

please help me with this questions they are for a finance class i do not understand. thanks. 1. Indicate the effect of the following on the operating cycle: Accounts payable goes up Increase No...

I need help wirh questions 2-10 Question 2 1 pts Which of the following statements is correct? Financial managers need to balance shortage costs against carrying costs to find an optimal management...

Victor's Vittles had the following liabilities by the end of 2020 : Accounts Payable $45.000 Wages Payable $125.000 Uneamed Revenue $40,000(25% will be earned in 2021) Notes Payable $50,000 (\$10,000...

Instructions: This paper consists of TWO (2) compulsory questions. Answer BOTH compulsory questions in the answer booklet provided. Question 1 Morrison and McLaren Berhad produces dairy products, and...

Corelli Company provides below a list (in alphabetical order) of all the accounts it uses (far left column). For each line you are provided five choices of families of accounts to which the account...

Evaluate the following statement: "A firm can reduce its currency exposure by diversifying across different business lines."

How is a processing workflow established inside cleanroom micro and nano fabrication

Jaylen and Avery have asked you to evaluate their current disability insurance coverage. What are the cash flow implications if Jaylen were to experience a serious disabling incident before...

Clear Sound Audio uses a periodic inventory system. One of the store's most popular products is an MP8 car stereo system. The inventory quantities, purchases, and sales of this product for the most...

A small manufacturer has two plants located in New York and Ohio. It is possible to produce any of the three products A, B, and C at either of the two plants. The gross profit without labor cost from...

You are hired by a company Gem Stones co ltd, which is a cubic zirconia manufacturer. You are provided with the dataset containing the prices and other attributes of almost 27,000 cubic zirconia...

The product life cycle is a; concept that describes the stages, the amount of time it takes a product innovation, a concept that

=+6. dan you tolerate less: |jrecis;e statistics than a professional researcher might generate?

=+ Is the information source respected?

=+ Is the source or sponsor of the information indicated?