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

Question

1 Approved Answer

For a company, the inventory turnover ratio is 5. It charges a markup of 16% on its merchandise. Its entire sales operations is on borrowed

For a company, the inventory turnover ratio is 5. It charges a markup of 16% on its merchandise. Its entire sales operations is on borrowed capital on which it pays an annual interest rate of 26 %. All sales are cash.

Its net annual profit (on COGS) after paying interest on loan = _______ %?

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

Students also viewed these Finance questions

Question

What is a self-fulfilling prophecy? Why is it relevant when we examine how stereotypes can influence behavior? Identify one of your own behaviors that is more gender stereotyped than you might wish,...

Answered: 1 week ago

Question

★★★★★
Examine the bus matrix for a university shown in Figure 32.12. The university is organized as schools such as the School of Computing, School of Business Studies and each school has a portfolio of...

Answered: 1 week ago

Question

★★★★★
C6-48. Reconocimiento de ingresos y reembolsosDesde el primer trimestre de 2018 10-Q de Groupon, Inc.: Groupon opera mercados de comercio local en lnea en todo el mundo que conectan a los...

Answered: 1 week ago

Question

★★★★★
A kitchen worker fractures her skull. Injured member of staff unlikely to work again. When an inspector visited the restaurant to investigate the circumstances surrounding the serious injury...

Answered: 1 week ago

Question

★★★★★
4. 16. A 5.0-kg block and a 4.0-kg block are connected by a 0.6 kg rod, as shown in the figure. The links between the blocks and the rod are denoted by A and B. A vertical upward force of magnitude F...

Answered: 1 week ago

Question

★★★★★
A small town in S. America had been plagued, thousands of people were dying of yellow fever. The task was to find the cause and eradicate it. Two approaches used were: Microscopic research on the...

Answered: 1 week ago

Question

★★★★★
A small publisher wants to keep data about its books and authors. What are possible business rules (must come from the real world)? Draw a conceptual ERD for the publisher.

Answered: 1 week ago

Question

★★★★★
Consider a contingency table of observed frequencies with seven rows and five columns. a) How many chi-square degrees of freedom are associated with this table? b) What is the chi-square critical...

Answered: 1 week ago

Question

★★★★★
If a medical screening test to detect a disease whose prevalence is 10/100 has 90% hit rate (rate at which positive results are given for positive cases) and 10% false alarm rate (rate at which...

Answered: 1 week ago

Previous Question Next Question