Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on May 20, 2024

JP Vineyards has sales of $803,000, a grossprofit margin of 0.302, and inventory of $172,000. What is thecompany's inventory turnover ratio? Round to two decimal

JP Vineyards has sales of $803,000, a grossprofit margin of 0.302, and inventory of $172,000. What is thecompany's inventory turnover ratio? Round to two decimal places.

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

Investments Analysis and Management

Authors: Charles P. Jones

12th edition

978-1118475904, 1118475909, 1118363299, 978-1118363294

More Books

Students also viewed these Finance questions

Question

Question 21 of 25 Solve for n : 1.05" = 1.38 n= Round to two decimal places question Solve for n : I.osn = 1.38 Round to two decimal places

Answered: 1 week ago

Question

Question 21 of 25 Solve for n : 1.05" = 1.38 n= Round to two decimal places question Solve for n : I.osn = 1.38 Round to two decimal places

Answered: 1 week ago

Question

Question 21 of 25 Solve for n : 1.05" = 1.38 n= Round to two decimal places question Solve for n : I.osn = 1.38 Round to two decimal places

Answered: 1 week ago

Question

A stock is currently priced at $39.3. Its dividend is expected to grow at a rate of 5.9% per year indefinitely. The stock's required return is 8.4%. The stock's predicted price 7 years from now, P7,...

Answered: 1 week ago

Question

★★★★★

Using a financial calculator, provide a solution to each of the following situations. (a) Lynn Anglin owes a debt of $42,000 from the purchase of her new sport utility vehicle. The debt bears annual...

Answered: 1 week ago

Question

★★★★★

Explain how an early societys waste problems could actually compromise the security of a community.

Answered: 1 week ago

Question

★★★★★

What role do hormone levels play in mood?

Answered: 1 week ago

Question

★★★★★

George Overton has plans for establishing a new business with Elena Costanza. They will both be managers, and each will take an annual salary of $50,000.The company will have other expenses of...

Answered: 1 week ago

Question

★★★★★

please fast Fill the following blanks that refer to the following tree: The tree size The tree height The tree degree The number of nodes at level 2 The width of the tree How long is the path from...

Answered: 1 week ago

Question

★★★★★

Watch A Tale of One City, Braddock Rises From the Ashes or watch Renewal and Reality: Rebuilding Braddock(with CC) Answer the following questions about the video. Answer each question in ONE...

Answered: 1 week ago

Question

★★★★★

Energy Forms and Changes ( T Brick Iron Energy Symbols Link Heaters Heat Heat Olive Oil Water Cool Cool Intro Systems PHET The heat capacity of brick is about twice as large as iron. The density of...

Answered: 1 week ago

Question

★★★★★

Sprint Manufacturing Company produces two products, X and Y. The following information is presented for both products: X Y Selling price per unit $30 $20 Variable cost per unit 20 5 Total fixed costs...

Answered: 1 week ago

Question

★★★★★

Eddie's Galleria sells billiard tables. The company has the following purchases and sales for 2024. Date January 1 March 8 August 22 October 29 January 1 to December 31 Transactions Beginning...

Answered: 1 week ago

Question

★★★★★

This data structure, working on a Hash Table that takes two keys rather than one. In terms of storage, this can be thought of as a hash table of hash tables, where a top-level key is used to...

Answered: 1 week ago

Question

★★★★★

Ramona and Hermione formed Wiley Corporation on January 2. Ramona contributed cash of $285,000 in return for 50 percent of the corporation's stock. Hermione contributed a building and land with the...

Answered: 1 week ago

Question

★★★★★

Was it ethical for Kaufmann to try to back out of the contract? Was it ethical for the buyer to sue for specific performance when the seller had "change of heart" and no longer wanted to sell?

Answered: 1 week ago

Question

★★★★★

The risk-free rate is 2.19% and the market risk premium is 5.43%. A stock with a of 1.14 just paid a dividend of $2.99. The dividend is expected to grow at 20.29% for five years and then grow at...

Answered: 1 week ago

Question

★★★★★

The power company must generate 100 kW in order to supply an industrial load with 94 kW through a transmission line with 0.09  resistance. If the load power factor is 0.83 lagging, find the...

Answered: 1 week ago

Question

★★★★★

18. Describe financial statement analysis and identify its objectives.

Answered: 1 week ago

Question

★★★★★

13. Describe the different types of business analysis. Identify the category of users of financial statements that applies to each different type of business analysis.

Answered: 1 week ago

Question

★★★★★

111. Explain how financial statements reflect the business activities of a company.

Answered: 1 week ago

Previous Question Next Question