Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Aug 27, 2024

Which of the following is the best explanation of a company's inventory turnover of 12.0 for the year 2013? The company averages about 12 months

Which of the following is the best explanation of a company's inventory turnover of 12.0 for the year 2013?

The company averages about 12 months sales in inventory.

The company averages about 12 days sales in inventory.

The company averages about one month's sales in inventory.

The company averages about 12 days from the time an item is sold until the cash is collected.

None of the answer choices is correct.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

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

Auditors Guide To IT Auditing

Authors: Richard E. Cascarino

2nd Edition

1118147618, 978-1118147610

More Books

Students also viewed these Accounting questions

Question

★★★★★

-39 + 17 Find the sum by hand.

Answered: 1 week ago

Question

★★★★★

9 Verify (4.36) of [18].

Answered: 1 week ago

Question

★★★★★

List the ways that perception is an active mental process.

Answered: 1 week ago

Question

★★★★★

1. How has HSBC adapted its global strategy to operate in China, both before and after Chinas WTO accession? 2. Discuss HSBCs strategy for entering and operating in other emerging markets. Where has...

Answered: 1 week ago

Question

★★★★★

Larry Company makes and sells 2 models of dishwashers, Model ABC and Model XYZ. For every 2 Model ABC sold, 3 Model XYZ are sold. The following information is also provided Model ABC Model XYZ M/0 $0...

Answered: 1 week ago

Question

★★★★★

Terminal cash flow: Replacement decision Russell Industries is considering replacing a fully depreciated machine that has a remaining useful life of 1 0 years with a newer, more sophisticated...

Answered: 1 week ago

Question

★★★★★

Crystal wants life insurance that will diversify her financial portfolio and build wealth. She is searching for a policy that uses an investment method that has the potential to grow at a maximum...

Answered: 1 week ago

Question

★★★★★

Mention and explain the job description of Distribution and Exhibition do fast and need correct answer with good explanation

Answered: 1 week ago

Question

★★★★★

3. Assignment Task Question No 1 a) Which is better, an investment that earns 10% compounded quarterly, one that earns 9.95% compounded monthly, or one that earns 9.9% compounded continuously? b) The...

Answered: 1 week ago

Question

★★★★★

Please do a to c a) Figure 3.1 shows the light intensity on a screen behind a single slit. The slit width is 0.20 mm and the screen is 1.5 m behind the slit. What is the wavelength (in nm) of the...

Answered: 1 week ago

Question

★★★★★

On Nov 8 th , the 4 % , 3 0 - year U . S T - bond has quoted ( asked ) price 1 0 2 . 1 2 5 0 , it paid interest 6 2 days ago . What s the actual sale price? ( The bond pays interest every 1 8 2 days....

Answered: 1 week ago

Question

★★★★★

2. How is this fine-grained data analysis improving operations and decision making in the companies described in this case? What business strategies are being supported? With the amount of data...

Answered: 1 week ago

Question

★★★★★

4. How much of a competitive advantage is software providing for automakers? Explain your answer.. As the smartphone market continues to expand, another industry has begun getting smarter with...

Answered: 1 week ago

Question

★★★★★

3. What value chain activities are involved in enhancing cars with software? As the smartphone market continues to expand, another industry has begun getting smarter with software and apps: the...

Answered: 1 week ago

Previous Question Next Question