Question
Oriole, Inc. had net credit sales of $9700000 and cost of goods sold of $5100000 for the year. The average inventory for the year amounted
Oriole, Inc. had net credit sales of $9700000 and cost of goods sold of $5100000 for the year. The average inventory for the year amounted to $1020000. The average days in inventory during the year was approximately
| 38 days. |
| 51 days. |
| 56 days. |
| 73 days. |
BrambleStore had a balance in the Accounts Receivable account of $730000 at the beginning of the year and a balance of $870000 at the end of the year. Net credit sales during the year amounted to $6320000. The accounts receivable turnover was
| 7.5 times. |
| 8.7 times. |
| 7.9 times. |
| 4.0 times |
Given the following data for the Waterway Company:
Current liabilities | $ 440 |
Long-term debt | 540 |
Common stock | 760 |
Retained earnings | 760 |
Total liabilities & stockholders equity | $2500 |
How would common stock appear on a common size balance sheet?
| 22.4% |
| 72.4% |
| 30.4% |
| 32.4% |
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