Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Aug 31, 2024

If ABC Corporation has sales of $900,000 a gross profit ratio of 60% and inventory turnover of 12.5. Based on the given information, the inventory

If ABC Corporation has sales of $900,000 a gross profit ratio of 60% and inventory turnover of 12.5. Based on the given information, the inventory amount is O a. $33,600 O b. $32,000 c. $28,800 d. $28,000

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access with AI-Powered 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

Students also viewed these Finance questions

Question

=+17.10. 13.9 17.91 Let f be a finite-valued Borel function over [0, 1]. By the following steps, prove Lusin's theorem: For each there exists a continuous

Answered: 1 week ago

Question

★★★★★

In 1999, Andreas Halvorsen, David Ott, and Brian Olson formed a hedge fund, Viking Global Investors LLC. The LLC's written agreement provided that the three founders would operate Viking, and divide...

Answered: 1 week ago

Question

★★★★★

1 . You are making an offer on a house and trying to determine your monthly payment on your mortgage. You offer $ 1 , 0 0 0 , 0 0 0 and the bank tells you your down payment is 1 0 % . It is a 3 0...

Answered: 1 week ago

Question

★★★★★

A couple plans to purchase a house. The bank requires a 1 0 % down payment on the $ 3 7 0 , 0 0 0 house. The couple will finance the rest of the cost with a fixedrate mortgage at 7 % annual interest...

Answered: 1 week ago

Question

★★★★★

state the current situation of Learnenow inc and describe the team's goals and the desired outcome should be?

Answered: 1 week ago

Question

★★★★★

A collector found a bone near a former Mayan territory. After careful research it has been determined that the bone lost about 8% of its Carbon-14. Approximately how old is the bone? Could it have...

Answered: 1 week ago

Question

★★★★★

Sweet Memories Inc (for Q11-13) Sweet Memories Inc is a company that produces Customized Family Portraits. Preparing a Family Portrait involves 3-steps: Collect the Images and Stories, Edit, and...

Answered: 1 week ago

Question

★★★★★

5. An outside manufacturer has offered to produce 86,000 Daks and ship them directly to Andretti's customers. If Andretti Company accepts this offer, the facilities that it uses to produce Daks would...

Answered: 1 week ago

Question

★★★★★

Howard is in the 33% tax bracket, so his after-tax profit is 67% of his before-tax profit. He invests $10,000 in a certain stock, whose annual return is normally distributed with mean 5% and standard...

Answered: 1 week ago

Previous Question Next Question