Question
A company has an account receivable turnover ratio of 4, an inventory turnover ratio of 6 in 360 days of operation. Assuming that all its
A company has an account receivable turnover ratio of 4, an inventory turnover ratio of 6 in 360 days of operation. Assuming that all its capital is borrowed with an interest rate of 28%, what should be its markup to make a 30% return on capital after debt servicing? (Round your answer to the nearest integer)
The required markup is ---------?
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Account receivable Turnover ratio is Sales Account Receivable is 4 Inventory T...
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Intermediate Accounting
Authors: Beechy Thomas, Conrod Joan, Farrell Elizabeth, McLeod Dick I
Volume 1, 6th Edition
1259103250, 978-1259103254, 978-0071339476
