Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Please help.Only need answer. 1. 2. 3. 4. 5. Zhang Company reported Cost of goods sold of $840.000, ending Inventory of $168,000, and Net sales

Please help.Only need answer.
1.
image text in transcribed
2.
image text in transcribed
3.
image text in transcribed
4.
image text in transcribed
5.
image text in transcribed
Zhang Company reported Cost of goods sold of $840.000, ending Inventory of $168,000, and Net sales of $2,338,000. The Days' sales in inventory is Multiple Choice 73 days 1825 days O tom 131 days Carducci Corporation reported net sales of $3,597,000, average total assets of $1,100,000, and net income of $847,000 The total asset Turnover ratio is: Multiple Choice 031 times 327 timet 430 times 2.27 times Martinez Corporation reported net sales of S765,000, net income of $141,525, and total assets of $7.634.409. The profit margin is: Multiple Choice 5390 O 54% B14% 1.9 Clairmont Industries reported net income of $282,828, average total assets of S637000, and comprehensive income of 5354.172. The return on total assets is Multiple Choice OS562 O 78.98 615 444 A company wants to decrease its $200 petty cash fund to $175 The entry to reduce the fund 15 Multiple Choice O Debit Cash Over and short for $25, credit Petty Cash $25. O Debit to Cash $25, credit Petty Cash $25. O Debt Miscellaneous Expenses $25. credit Cash $25 Debit Petty Cash for $175; debit Cash Over and Short 525, credit Cash $200

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

Handbook Of EDP Auditing

Authors: Michael A. Murphy, Xenia Ley Parker

2nd Edition

0791304116, 978-0791304112

More Books

Students also viewed these Accounting questions