A firm has $200 million annual sales, $180 million costs of goods sold, $40 million of inventory,
Question:
A firm has $200 million annual sales, $180 million costs of goods sold, $40 million of inventory, and $60 million of accounts receivable. What is its inventory turnover ratio? (4.5) What is its DSO based on a 365-day year?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 100% (1 review)
To calculate the inventory turnover ratio use the formula Invento...View the full answer
Answered By
Muhammad Umair
I have done job as Embedded System Engineer for just four months but after it i have decided to open my own lab and to work on projects that i can launch my own product in market. I work on different softwares like Proteus, Mikroc to program Embedded Systems. My basic work is on Embedded Systems. I have skills in Autocad, Proteus, C++, C programming and i love to share these skills to other to enhance my knowledge too.
3.50+
1+ Reviews
10+ Question Solved
Related Book For
Intermediate Financial Management
ISBN: 9781337395083
13th Edition
Authors: Eugene F. Brigham, Phillip R. Daves
Question Posted:
Students also viewed these Business questions
-
Walmart Stores, Inc. (Walmart) is the largest retailing firm in the world. Building on a base of discount stores, Walmart has expanded into warehouse clubs and Supercenters, which sell traditional...
-
Mainord Corporation issues $1,700,000 of 10-year, 6% convertible bonds. Each $1,000 bond is convertible into 21 common shares. On the date of the issue, the shares had a par value of $15 per share....
-
Reitmans (Canada) Limited is a Canadian retailer that specializes in the sale of womens wear. Exhibits 9.8A to 9.8C contain information from the companys 2017 annual report. All figures are expressed...
-
Use a computer and generate 50 random samples, each of size n = 28, from a normal probability distribution with = 19 and = 4. a. Calculate the z corresponding to each sample mean that would result...
-
A 650- and an 1800- resistor are connected in series with a 12-V battery. What is the voltage across the 1800- resistor?
-
How do guidelines treat the income of a child?
-
Fill in the Blank. Cork is a(n) ____________ isolator.
-
1. The project that Nationwide undertook was quite clearly a success. What made this possible? Discuss three different practices that helped Nation wide pull this off. Use examples from the case...
-
What would you say to a disruptive employee to turn them around and get them back on the right track. Also introduce the employees to the process of cash flow analysis, breakeven analysis, and return...
-
How does the use of financial leverage affect current stockholders control position?
-
Morris Corporation has the following information on its balance sheets: Cash = $40, accounts receivable = $30, inventories = $100, net fixed assets 5 $500, accounts payable = $20, accruals = $10,...
-
Prove the statement using the , definition of a limit. 9 4x2 lim x--15 3 + 2x 9 =
-
Determine the moment in N.m about line OB of the force F. F = 647 N. N 325 mm 150 mm F 350 mm y 400 mm O a. MOB = 142.3 N.m O b. MOB = -48.5 N.m O c. MOB = -82.9 N.m O d. MOB = -135.9 N.m O e. MOB =...
-
Hope everyone is doing well. Here in this email I am providing how you should calculate the percentage of yield in the PHASE TRANSFER CATALYSIS experiment. Initially every group took 2ml of reaction...
-
1. A lake contains V = 3 * 10 m of water, and is fed by a river discharging Qupstream = 12 * 10 3 m year of water into the lake. An upstream factory pollutes this river with a concentration Criver 3...
-
Beer-Lambert law states that the absorbance of light is proportional to the pathlength (I) that light must travel through the sample, the concentration (c) of the sample and the molar attenuation...
-
It has been determined that the steady-state diffusion flux of nitrogen through a steel plate is 1.5 10-8 kg/m.s at a temperature of 1300 K (1027C), and for a concentration gradient of -300 kg/m....
-
Preparing a classified balance sheet Required Use the following information to prepare a classified balance sheet for Little Co. at the end of 2010. Accounts receivable ...... $42,500 Accounts...
-
Study the pictures/images below. Obviously these was focus on LT sociology, anthropology and poltical science. Try to do some analysis by finding clues that are synonymous with the main concepts....
-
What's the difference between an IPO and an SEO? Would you view purchasing a stock in an SEO to be more or less risky than purchasing a stock in an IPO? Would you expect the same first-day returns...
-
Start with the partial model in the file Ch19 P06 Build a Model.xls on the textbook's Web site. As part of its overall plant modernization and cost reduction program, Western Fabrics' management has...
-
a. (1) What is the present value cost of owning the equipment? (2) Explain the rationale for the discount rate you used to find the PV. b. What is Lewis's present value cost of leasing the equipment?...
-
The Sun companys projected balance sheet as of December 31, 2010 is provided below: Cash USD 35,000 Accounts receivable USD 270,000 Marketable securities USD 15,000 Inventory USD 154,000 Net PPE USD...
-
SUBJECT: CREATIVE WRITING - Microsoft PowerPoint Make a simple presentation about the following and a simple explanation about it (ps.gonna report this in front) *Environment of Microsoft Office...
-
(a) Consider a single input system x = Ax+bu, where A and bare nxnand nx1 constant matrices, respectively. Suppose that the system is controllable. Introduce the linear transformation =Px, where P =...
Study smarter with the SolutionInn App