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Please answer the 3 questions below!! Required information Your company sells $789,300 of goods during the year at a cost of goods sold of $558,600.
Please answer the 3 questions below!!
Required information Your company sells $789,300 of goods during the year at a cost of goods sold of $558,600. Inventory was $31,383 at the beginning of the year and $35,638 at the end of the year. What is the inventory turnover ratio (rounded to one decimal place)? At the end of the third year, the Treadwell Tire Company had accounts receivable of $65,000, and at the end of the fourth year, the company had accounts receivable of $73,400. If the company's net sales revenue during the fourth year were $892,000, the days to collect during year four was (Do not round intermediate calculation, round your final answer to 2 decimal places. Use 365 days in a year): Multiple Choice 0 8.23 8.23 0 28.32 0 30.03 0 12.15 Required information The Widget Tool and Die Company buys a $640,000 stamping machine that has an estimated residual value of $60,000. The company expects the machine to produce two million units. It makes 720,000 units during the current period. the units-of-production method is used, the depreciation rate is: Multiple Choice $0.81 per unit. $0.08 per unit. $0.89 per unit. $0.29 per unitStep by Step Solution
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