Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

I need fast help in this question. Please do it 100%. I need it fast Insula Company's cost of goods sold during the year is

I need fast help in this question. Please do it 100%. I need it fast

image text in transcribed

image text in transcribed

Insula Company's cost of goods sold during the year is $540,000. The average inventory during the year is $80,000. Calculate the inventory turnover of Insula Company in days. (Round your answer to one decimal place.) a. 7.4 days O b. 47.2 days O c. 41.3 days O d. 54.1 days In the previous year, Hades Company had a net profit of $242,500 and total sales during that period was $970,000. Calculate the return on sales for Hades Company. O a. 25% O b. 75% O c. 50% O d. 30%

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

Financial Accounting

Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso

8th Edition

1118484320, 978-1118484326

More Books

Students also viewed these Accounting questions