FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Mabini Corp. has been successful with its gross profit being 20% of sales. What is the average age of inventory (average inventory period) given the

image text in transcribed
Mabini Corp. has been successful with its gross profit being 20% of sales. What is the average age of inventory (average inventory period) given the information shown below was taken from the company's financial statements: 32.6 days 28.7 days 11.2 days 36.2 days 35.6 days

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

Principles Of Commercial Real Estate Finance

Principles Of Commercial Real Estate Finance

Authors: Gail Ramshaw, Mortgage Bank

1st Edition

0793157099, 9780793157099

More Books

Students also viewed these Finance questions

Question

★★★★★
Use the results from Problem 2 to compute and interpret R2.

Answered: 1 week ago

Question

★★★★★
Wilf paid $557.05 for a $1000 face value strip bond. At this price the investment will yield a return of 5.22% compounded semiannually. How long (to the nearest day) before its maturity date did Wilf...

Answered: 1 week ago

Question

★★★★★
Find a qualitative study (e.g., Sample Study 1.2 or 1.3, or find a study by doing a literature search) and explain what the researchers did or could do to improve the quality of their study....

Answered: 1 week ago

Question

★★★★★
Create a decision tree for Problem 12.

Answered: 1 week ago

Question

★★★★★
Are the following if statements equivalent? If not, why not? if ( score 9 0 ) if ( score 6 0 ) printf ( " A " ) ; , printf ( " F " ) ; else if ( score > = 8 0 ) else if ( score 7 0 ) printf ( " B " )...

Answered: 1 week ago

Question

★★★★★
Do you agree or disagree with this statement? Why? Companies [should not] use animals for testing to prove a product is safe for humans.

Answered: 1 week ago

Question

★★★★★
From the following data prepare a statement of cost of goods manufactured and cost of goods sold of Popular Stoves Manufacturing Co. for the year 2011: Rs. Stock of materials on 1-1-201135,000 Stock...

Answered: 1 week ago

Question

★★★★★
Reflect on your learning experience and course resources and answering the following. Note that this is not a research project and would expect either your personal thoughts or SYST 3 0 0 2...

Answered: 1 week ago

Question

★★★★★
1. What does your company produce? 2. Analyze the trends in sales, cost of goods sold, gross profit, and operating income for your manufacturing company. Prepare a trend analysis for percentage...

Answered: 1 week ago

Question

★★★★★
1. Find and describe a real-world example of a method for enhancing the bond strength between different phases of a composite. Include the materials system, the details of the technique being used...

Answered: 1 week ago

Question

★★★★★
Ria Company manufactures quality wooden furniture sets. A job order from Ebie Randall Company of Ohio, USA, for 5 sets of furniture was received. The cost information related to this order as at year...

Answered: 1 week ago

Question

★★★★★
Understand how activities and decisions of a human resources nature can affect all employees and managers in an organization

Answered: 1 week ago

Question

★★★★★
Be able to discuss the potential effects of a reduction on the survivors and suggest how management can address these issues

Answered: 1 week ago

Question

★★★★★
Appreciate that all managers and supervisors must be familiar with HR policies as well as the reasons why they exi

Answered: 1 week ago

Previous Question Next Question