Determining the inventory turnover ratio
You have a quick ratio of 2.00x; 31500 in cash; 17500 in A/R; some inventory; total current assets of $70,000;& total current liabilities of $24,500. Annual sales reported $200,000.
What is the inventory turnover ratio?
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A company had expenses other than cost of goods sold of $278,000. Determine sales and gross profit given cost of goods sold was $114,000 and net income was $178,000.
Lee Provo is paid $20 per hour, plus time-and-one-half for hours over 40 for a given week. During the week of January 21, Provo worked 46 hours.
Create a spreadsheet to compute the NPV and payback period to assist with a purchase decision. Use to results to answer questions about your findings.
Prepare the following budgets for March 2012:?a. Revenues budget?b. Production budget in units?c. Direct material usage budget and direct material purchases budget d. Direct manufacturing labor budget.
The Arlington Property Development Co. has a $10,000 note receivable from a customer due in 3 years. How much is the note worth today (PV) if the interest rate is?
A company purchased $2,000 of merchandise on Nov. 2 with terms 2/10, n/30. On Nov. 8, it returned $500 worth of merchandise. On Nov. 10, it paid the invoice. The amount paid on Nov. 10 equals : ?
Franco Electronics currently sells a camera for $300. An aggressive competitor has announced plans for a similar product that will be sold for $235.
Jim's stock has a risk premium of 9.6percent while the inflation rate is 3.1 percent and the risk-free rate is 3.8 percent. What is the expected return on this stock?
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