What is the days' sales in inventory ratio?
Question:
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 58% (12 reviews)
Days sales in inventory ratio shows the number of days a company take to sell its i...View the full answer
Answered By
HABIBULLAH HABIBULLAH
I have been tutor on chegg for approx 5 months and had solved a lot of questions.
5.00+
1+ Reviews
10+ Question Solved
Related Book For
Auditing A Risk Based Approach to Conducting a Quality Audit
ISBN: 978-1305080577
10th edition
Authors: Karla Johnstone, Audrey Gramling, Larry E. Rittenberg
Question Posted:
Students also viewed these Cost Accounting questions
-
The days sales in inventory is an estimate of the number of days that it will take to sell the current inventory. a. What is the ideal number of days sales in inventory? b. In general, does a company...
-
This case will enable you to practice conducting planning and substantive analytical procedures for accounts in the acquisition and payment cycle. When analyzing the financial data, you may assume...
-
Selected year-end financial statements of Cadet Corporation follow. (All sales were on credit; selected balance sheet amounts at December 31, 2008, were inventory, $56,900; total assets, $219,400;...
-
Cliff Arthur has equally attractive job offers in Miami and Los Angeles. The rent ratios in the cities are 8 and 20, respectively. Cliff would really like to buy rather than rent a home after he...
-
A simple Instrument for measuring the acceleration of gravity employs a linear spring from which a mass is suspended. At a location on Earth where the acceleration of gravity is 32.174ft/s2 the...
-
What is the meter reading, in ccf, indicated by each of the gas meters shown? a. b. c. d. 2 0 5 9 9 9 2 2 0 8 7 5 .3 2 9 7 9 2 2 0 2 2 7 7 9 23 0 1
-
What actions should a manager take if she has an associate experiencing burnout? LO5
-
Harrell and Smith, Inc., 204 Ambulance Street, Anywhere, CA 92345, is a corporation (EIN 57-1234567) formed on January 1, 2010. Information concerning the corporation and its two shareholders...
-
are given the following information for Carla Vista Company for the month ended November 30, 2021: Units Unit Price $51 45 Date Nov. 1 9 15 65 Description Beginning inventory Purchase Sale Purchase...
-
Chang Corporation sells products for $120 each that have variable costs of $80 per unit. Chang's annual fixed cost is $720,000. Required Use the per-unit contribution margin approach to determine the...
-
What is the debt to total assets ratio?
-
What is the difference between a land improvement and a leasehold improvement?
-
Refer to the data for E5-16A. However, instead of the FIFO method, assume Jamesons Sports Shop uses the average cost method. Requirements 1. Prepare a perpetual inventory record for the watches on...
-
Piperel Lake Resort's four employees are paid monthly. Assume an income tax rate of 20%. Required: Complete the payroll register below for the month ended January 31, 2021. (Do not round intermediate...
-
4. [Communication network 1] Consider the communication network shown in the figure below and suppose that each link can fail with probability p. Assume that failures of different links are...
-
The 60 deg strain gauge rosette is mounted on the bracket. The following readings are obtained for each gauge a = 100 106, b = 250 106, and c = 150 106. Determine: (a) the strains x, y, and xy for...
-
Assume the ledge has the dimensions shown and is attached to the building with a series of equally spaved pins around the circumference of the building. Design the pins so that the ledge can support...
-
Describe in detail about the arterial supply and venous drainage of heart with its Applied Anatomy?
-
You have enough material to build a fence 120-feet long. If you use it all to enclose a square region, how many square feet will you enclose? A. 900 B. 480 C. 240 D. 120 E. 60
-
Determine the optimal use of Applichem's plant capacity using the Solver in Excel.
-
When credit terms for a sale are 2/15, n/40, the customer saves by paying early. What percent (rounded) would this savings amount to on an annual basis
-
An industrial robot that is depreciated by the MACRS method has B = $60,000 and a 5-year depreciable life. If the depreciation charge in year 3 is $8,640, the salvage value that was used in the...
-
What determines a firm's beta? Should firm management make changes to its beta? Be sure to consider the implications for the firm's investors using CAPM.
Study smarter with the SolutionInn App