Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Oct 02, 2024

If the inventory turnover ratio for Cast Co. is 5x and its gross profits and sales are 5270 million and 1.200 min respectively.ro the inventory

If the inventory turnover ratio for Cast Co. is 5x and its gross profits and sales are 5270 million and 1.200 min respectively.ro the inventory account for Cast is: OA 5180 million B. $182 million OC 5186 million OD. $196 million

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

Bitcoin For Beginners Understanding And Expertise To Be Able To Swim Safely In The Bitcoin Pool

Authors: Suzanna Steuber

1st Edition

979-8354175697

More Books

Students also viewed these Finance questions

Question

★★★★★

What factors affect a company's gross profit margin; that is, what can cause the gross profit margin to increase and what can cause it to decrease?

Answered: 1 week ago

Question

★★★★★

3. Watch the audio and visual coverage of a live event on television or online. Then read about the same event in a newspaper the next day. How does the medium affect your understanding of the event...

Answered: 1 week ago

Question

★★★★★

Which of the following statements is not true? a. The convergence of technologies has created global connectedness. b. Communication with people from other cultures is becoming increasingly uncommon....

Answered: 1 week ago

Question

★★★★★

Walmart Inc. is the worlds largest retailer. A large portion of the premises that the company occupies are leased. Its financial statements and disclosure notes revealed the following information:...

Answered: 1 week ago

Question

★★★★★

Answered: 1 week ago

Question

★★★★★

On April 1, 10,000 shares of $5 par common stock were issued at $24, and on April 7, 4,000 shares of $50 par preferred stock were issued at $106. Required: Journalize the entries for April 1 and 7....

Answered: 1 week ago

Question

★★★★★

How many three-digit numbers are divisible by 7?

Answered: 1 week ago

Question

★★★★★

The common difference of two arithmetic sequences is the same. If the difference of their 100th terms is 100, then what will be the difference of their 1000th terms?

Answered: 1 week ago

Question

★★★★★

Which term of ?.?.: 3, 15, 27, 39, ......will be 132 more than its 54th term?

Answered: 1 week ago

Question

★★★★★

What is Indian Polity and Governance ?

Answered: 1 week ago

Question

★★★★★

The Assessable Unit Manager (AUM) meets with the external Independent Auditor (IPA) to prepare and submit the Annual Statement of Assurance (ASOA) feeder package to the Head of the Reporting...

Answered: 1 week ago

Previous Question Next Question