FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

An analyst has obtained the following information about ABC, Inc. Sales: $58,326 COGS = $15,494 Accounts Receivables = $16,843 Accounts Payable = $23,542 Inventory =

An analyst has obtained the following information about ABC, Inc. Sales: $58,326 COGS = $15,494 Accounts Receivables = $16,843 Accounts Payable = $23,542 Inventory = $18,139 Assume 365 days. What is the Inventory Period? That is, what is the Days Inventory Held? Enter your answer rounded off to two decimal points.

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

Step: 3

blur-text-image

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

The Handbook For Investment Committee Members

The Handbook For Investment Committee Members

Authors: Russell L. Olson

1st Edition

0471719781, 978-0471719786

More Books

Students also viewed these Finance questions

Question

★★★★★
A radio tuning circuit contains an RLC circuit with R = 5.0 and L = 2.8 H. (a) What capacitance is needed to produce a resonance frequency of 85 MHz? (b) If the capacitance is increased above the...

Answered: 1 week ago

Question

★★★★★
17. A study was done on 41 rst-year medical students to see if their anxiety levels changed during the rst semester. One measure used was the level of serum cortisol, which is associated with stress....

Answered: 1 week ago

Question

★★★★★
With regard to signature liability, which provision of the Uniform Commercial Code (UCC) discussed in this chapter applies to this scenario? Nancy Mahar was the office manager at Golden Years Nursing...

Answered: 1 week ago

Question

★★★★★
An analyst has obtained the following information about ABC, Inc. Sales: $58,326 COGS = $15,494 Accounts Receivables = $16,843 Accounts Payable = $23,542 Inventory = $18,139 Assume 365 days. What is...

Answered: 1 week ago

Question

★★★★★
QUESTION 18 Given this information about an activity: ES = 10, EF - 20. LS - 29, and LF = 39. The amount of slack associated with the activity is O A. 10 OB. 38 OC. 29 OD. 19 OE

Answered: 1 week ago

Question

★★★★★
Question 46 1 pts A ship loaded with gold and jewels sank off of the coast of Florida in 1650. A diving company finds the sunken ship in 2022 and claims the gold and jewels. Who would win and why? It...

Answered: 1 week ago

Question

★★★★★
The owners of Pixie, a normally playful puppy, didn't know why she had slowed down and would whine any time she was picked up. The answer came when a veterinarian removed the 7inch long, serrated...

Answered: 1 week ago

Question

★★★★★
In my role as a development finance analyst, it is imperative to thoroughly evaluate the financial feasibility and prospective ramifications of three distinct projects initiated by Godezhy PVT LTD, a...

Answered: 1 week ago

Question

★★★★★
This 4-minute video talks grit. A trait that researchers argue leads to success in school and career. It relates to our topics of emotions and moods. So, let me know what you think about the video....

Answered: 1 week ago

Question

★★★★★
Many large developers have for years "gobbled-up" vacant land, not necessarily for their own development plans, but for resale to other developers (often at premium prices). There has been some...

Answered: 1 week ago

Question

★★★★★
Identify the ways language works to help people communicate the five functional communication competencies

Answered: 1 week ago

Question

★★★★★
The Functions of Language Problems with Language

Answered: 1 week ago

Question

★★★★★
The Nature of Language

Answered: 1 week ago

Previous Question Next Question