Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Jul 16, 2024

Easton Company had average inventory for the year of $640,000 and an inventory turnover ratio of 10.0. What was the company's Days Outstanding in Inventory.

Easton Company had average inventory for the year of $640,000 and an inventory turnover ratio of 10.0. What was the company's Days Outstanding in Inventory. Assume a 365 day year. Round to one decimal place.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access to Expert-Tailored Solutions

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

Step: 2

Step: 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

Research On Professional Responsibility And Ethics In Accounting Volume 21

Authors: Cynthia Jeffrey

1st Edition

1787549739, 9781787549739

More Books

Students explore these related Accounting questions

Question

Imagine that youre the CEO of a retail store such as Aggresshop this chapter and at.Lets say youre planning to redesign each of the 16 stores in the United States. As part of this effort, youll need...

Answered: 3 weeks ago

Question

Define the employment relationship and discuss the changes that have taken place to the relationship in recent years.

Answered: 3 weeks ago

Question

Let A1, A2,, An be a finite collection of events on a sample space such that A1 A2 An = and the Ais are pairwise disjoint. If it is known that P(Ai) = 3P(Ai+1) for i = 1, 2,, n 1, find P(A3)...

Answered: 3 weeks ago

Question

The Fast Reader Company supplies bulletin board services to numerous hotel chains nationwide. The owner of the firm is investigating the desirability of employing a billing firm to do her billing and...

Answered: 3 weeks ago

Question

Plot the in the range t [0,1] . (in matlab). ( : Largest integer less than 5t ) 5t

Answered: 3 weeks ago

Question

1 Required information Problem 7 - 4 6 ( LO 7 - 2 ) ( Algo ) [ The following information applies to the questions displayed below. ] Grayson ( single ) is in the 2 4 percent tax rate bracket and has...

Answered: 3 weeks ago

Question

The Dexter Products Company manufactures a single product. Its operations are a continuing process carried on in two departments - machining and finishing. In the production process, materials are...

Answered: 3 weeks ago

Question

Correlation is an important concept in portfolio optimisation. Portfolios with combinations of assets with low or negative correlation tend to display lower volatility than individual assets or...

Answered: 3 weeks ago

Question

The following data was prepared by the Oriole Company. Total Variable Fixed Sales price $22/unit Direct materials used $82,650 Direct labor $96,000 Manufacturing overhead $99,600 $9,600 $90,000...

Answered: 3 weeks ago

Question

TFS is trading at $50 / share.It has no dividend and the current cc interest rate is 4%.What is the 2 month forward price? TFS is still trading at $50 / share and the cc interest rate r =...

Answered: 3 weeks ago

Question

You have received detailed feedback on the concept you proposed for assignment 1. Based on that feedback and based on the concept of Minimum Viable Product - MVP you must rethink and sharpen your...

Answered: 3 weeks ago

Question

8. What is meant by good-faith bargaining? Using examples, explain when bargaining is not in good faith.

Answered: 3 weeks ago

Question

3. Describe the process of a union drive and election.

Answered: 3 weeks ago

Question

2. What appeals processes are open to this person?

Answered: 3 weeks ago

Previous Question Next Question