Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Mar 05, 2024

Lambda Corporation has current liabilities of $432,000, a quick ratio of 1.9, inventory turnover of 4.6, and a current ratio of 3.3. What is the

Lambda Corporation has current liabilities of $432,000, a quick ratio of 1.9, inventory turnover of 4.6, and a current ratio of 3.3. What is the cost of goods sold for Lambda Corporation?

Step by Step Solution

There are 3 Steps involved in it

Step: 1

To find the cost of goods sold COGS for Lambda Corporation we can use the formula for inventory turn... 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

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

Fundamentals of corporate finance

Authors: Robert Parrino, David S. Kidwell, Thomas W. Bates

2nd Edition

978-0470933268, 470933267, 470876441, 978-0470876442

More Books

Students also viewed these Finance questions

Question

★★★★★

A company has current liabilities of $500 Million, and its current ratio is 2.0. 1. What is the total of its current assets? 2. If the firms quick ratio is 1.6, how much inventory does it have? A...

Answered: 1 week ago

Question

★★★★★

Assignment Description The final assignment for MBA 675 is to demonstrate one's understanding of the importance of the operations of a firm through an examination of the firm's operations strategy...

Answered: 1 week ago

Question

★★★★★

A professor notes that students in her 3-hour lab seem to get sloppy by the end of the class and make many mistakes in their work. She thinks that the sloppy work is due to fatigue and hypothesizes...

Answered: 1 week ago

Question

★★★★★

How could a company's "green" policies affect their reputation management and community-building strategies, both positively and negatively?

Answered: 1 week ago

Question

★★★★★

Nico is Omega Corporation's majority shareholder. He owns enough stock in Omega that if he were to sell it, the sale would be a transfer of control of the firm. Discuss whether Nico owes a duty to...

Answered: 1 week ago

Question

★★★★★

Measure the angles in the diagrams below. a. b. c. d. e. f. b a

Answered: 1 week ago

Question

★★★★★

Apply functional behavioral assessment, positive behavioral supports, and self-management techniques.

Answered: 1 week ago

Question

★★★★★

What are the alternative forms of work cells discussed in this textbook?

Answered: 1 week ago

Question

★★★★★

python code STRINGS AND LISTS In this lab, you will work with strings and lists. A. In the file lab6.py, write code that will do the following: 1. Assign to variable str 1 the value "Today is...

Answered: 1 week ago

Question

★★★★★

Opus, Incorporated, owns 90 percent of Bloom Company. On December 31, 2012, Opus acquires half of Bloom's $500,000 outstanding bonds. These bonds had been sold on the open market on January 1, 2010,...

Answered: 1 week ago

Question

★★★★★

A company started a new product, and in the first month started 100,000 units. The ending work in process inventory was 30,000 units that were 100% complete with materials and 75% complete with...

Answered: 1 week ago

Question

★★★★★

Professional Skepticism Case I was a senior working on a public company audit engagement. As part of our risk assessment, we evaluated the compensation and performance management process of a...

Answered: 1 week ago

Question

★★★★★

Employee Demographics Company A has 4 0 employees: 3 0 work in Sales, the rest in Customer Service. Company B has 3 6 employees: 1 8 work in Customer Service, the rest in Sales. Question Arrange the...

Answered: 1 week ago

Question

★★★★★

Renovation Nation Pty Ltd (Company) sold bathroom and kitchen products. Due to financial difficulties Tristan, an administrator, has been appointed to take control of the company. At the time of his...

Answered: 1 week ago

Question

★★★★★

Suppose Tim is a single full time worker, earning $75000 per year. He has a government bonds which return $1300 a month. He rents his apartment for $210 a week, with a monthly electricity bill of...

Answered: 1 week ago

Question

★★★★★

Pamrod Manufacturing acquired all the assets and liabilities of Stafford Industries on January 1, 20X2, in exchange for 4,000 shares of Pamrods $20 par value common stock. Balance sheet data for both...

Answered: 1 week ago

Question

★★★★★

( Numbers in Thousands ) Cost of Recommendation Inflows / Outflows Year 3 Year 4 Year 5 Year 2 Year 1 Year 1 Year 3 1 - What is the NPV ? 2 - What is the IRR Of the proposed ?

Answered: 1 week ago

Question

★★★★★

[a] Two foam blocks, each with a charge of 19 micro coulombs (1 C = 10-6 C), are both held in place 19 cm apart in the east-west direction. A foam ball with a charge 49 C is placed 55 cm north of the...

Answered: 1 week ago

Question

★★★★★

The idea that we can know the return on a security for each possible outcome is overly simplistic. However, even though we cannot possibly predict all possible outcomes, this fact has little bearing...

Answered: 1 week ago

Question

★★★★★

Sharon Kabana has won a state lottery and will receive a payment of $89,729.45 every year, starting today, for the next 20 years. If she invests the proceeds at a rate of 7.25 percent, what is the...

Answered: 1 week ago

Question

★★★★★

Fjord Luxury Liners has preferred shares outstanding that pay an annual dividend equal to $15 per year. If the current price of Fjord preferred shares is $107.14, what is the after-tax cost of...

Answered: 1 week ago

Question

★★★★★

Consider the following project tasks and their identified best, likely, and worst-case estimates of task duration. Assume the organization you work for computes TE based on the standard beta...

Answered: 1 week ago

Question

★★★★★

Using the information from the following table, create an AON network activity diagram. a. Calculate each activity TE (rounding to the nearest integer); the total duration of the project; its early...

Answered: 1 week ago

Question

★★★★★

The shortest total length of a project is determined by the longest path through the network. Explain the concept behind this statement. Why does the longest path determine the shortest project...

Answered: 1 week ago

Previous Question Next Question