Compute the percentage of increase in owners equity

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Reference no: EM13890391

Part A

A tourist from the United States wants to purchase a painting in Mexico City. The price of the painting was 5,927 pesos plus a shipping charge of 387 pesos to send the painting to the tourist's home.

How many U.S. dollars would the tourist have to pay when the exchange rate was 10.812 pesos per U.S. Dollar? (Round your answer to two decimal places.)

$_____

Part B

If the Australian Dollar exchange rate in U.S. Dollars is 0.903497, compute the amount in Australian Dollars needed to purchase $200 in U.S. currency. Round your answer to two decimal places.

$_____ (Australian Dollars)

Part C

Warm Winters Linen, Inc. had ending inventory this year of $250,000; ending inventory last year of $200,000; and cost of goods sold of $240,000.

Compute the inventory turnover.________ (Compute answer to two decimal places.)

Part C.2

The balance sheet of Lawn Products, Inc. showed owners' equity of $180,000 in 2001 and $200,000 in 2002.

Compute the percentage of increase in owners' equity. (Round answer to one decimal place.)

____%

Reference no: EM13890391

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