Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

2014 2015 Change in % % of Sale 2014 % Sale of 2015 Sales 8550000 8150000 Cost of Sales 6150000 6000000 Finished Goods Inventory 1554500

2014 2015 Change in % % of Sale 2014 % Sale of 2015
Sales 8550000 8150000
Cost of Sales 6150000 6000000
Finished Goods Inventory 1554500 1058000
Copper Rod Inventory 2480000 1450000
Plastics Inventory 220000 172000
Accounts Payable(for Inv, Purchases 450000 415000
Days Purchases in A/P 25.4 days 27.1 days
Days Sales in Receivables 59.3 days 47.9 days
Market Price of Insulated Wire(per foot) 0.007 0.009
Market Price of Copper Rod(per lb.) 0.46 0.46
Market Price of Plastics(per lb.) 0.12 0.19

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Preliminary Audit Results Montanas State Employee Compensation 1990

Authors: Waters Consulting Group, Montana. State Employee Compensation Committee

1st Edition

1378152700, 978-1378152706

More Books

Students also viewed these Accounting questions

Question

Name this amine. C-C-N -C-C

Answered: 1 week ago