Sherwood packing has sales of 32 million and cost of goods, Financial Management

+44 141 628 6080
[email protected]

Sherwood packing has sales of 32 million and cost of goods

Sherwood Packing has sales of $3.2 million and cost of goods sold is 65% of sales. If Sherwood's inventory averaged $0.4 million last year, what was the length of the inventory conversion period?

a. 130.4 days

b. 69.2 days

c. 195.5 days

d. 145.2 days

View Complete Question

Request for Solution File

Ask an Expert for Answer!!

Financial Management: Sherwood packing has sales of 32 million and cost of goods

Reference No:- TGS01093687

Expected delivery within 24 Hours

Have a Question? (oR Write a Review)

Write atleast 100 words!!

Asked Questions

Investigate the cause of the recent werewolf attacks

create a temporary committee to investigate the cause of the recent werewolf attacks in major cities throughout the United States.

Describe marxist theory and psychology of addiction

Compare the Marxist Theory and Psychology of Addiction with the Realistic Theory and psychology of Addition.

Explain framers decisions in creating the constitution

Explain how the Articles of Confederation made the above scenario possible. Describe how this scenario influenced the framers' decisions in creating the Constit

Federal bureaucracy has to put up with a lot of red tape

Question: The Federal Bureaucracy has to put up with a lot of "red tape". What is "red tape" in regards to government?

What power of recognition when it comes to office president

Question: What is "power of recognition" when it comes to the office of the president? Question Select one

What right ordinance power give to the president

Question: What right does the Ordinance Power give to the president? Question Select one:

Analyze leadership of organization during particular event

Analyze leadership of an organization during a particular event or across a defined set of events. The assignment will assess your ability to identify

Request for Solution File

Ask an Expert for Answer!!

Financial Management: Sherwood packing has sales of 32 million and cost of goods

Reference No:- TGS01093687

Have a Question? (oR Write a Review)

Recent Questions Asked Financial Management

Q : Tank johnson just deposited his 75000 game check in his

Q : A bond that matures in 7 years sells for 1020 the bond has

Q : Roberts manufacturing has never offered cash discounts to

Q : Targaryen aeronautics is exploring the possibility of

Q : Sherwood packing has sales of 32 million and cost of goods

Q : Suppose a firm estimates its wacc to be 10 should the wacc

Q : You expect to receive 3000 in 3 years ie end of year 3 then

Q : Your firm has an average collection period of 39 days

Q : Xyz company borrows 60000 today to be repaid in equal