Assuming that a company has 365 million in annual sales and

Reference no: EM13599114

1.How is inventory turnover calculated?

2.Explain how inventory turnover affects the amount of cash that must be invested in inventory.

3.How is accounts receivable turnover calculated?

4.Explain how accounts receivable turnover affects the amount of cash that must be invested in accounts receivable.

5.Assuming that a company has $365 million in annual sales, and a gross margin of 20%, how much investment will each additional day ofsales in inventory require?

6.Assuming that a company has $365 million in annual sales, and a gross margin of 20%, how much investment will each additional day of sales in accounts receivable require?

Reference no: EM13599114

Questions Cloud

Open the following t-accounts with their july 1 balances : the following ransactions occured for london eningeering july 2 paid utilities expense for 400 5 purchased equipment on

Compute the amount wainwright should report as net cash : wainwright corporation had the following activities1- sale of land 1800002- purchase of inventory 8450003- purchase of

The rah manufacturing company has two service departments : the rah manufacturing company has two service departments maintenance and accounting. the maintenance departments cost

Devon inc engaged rao to examine its financial statements : devon inc. engaged rao to examine its financial statements for the year ended.december 31 2009. the financial

Assuming that a company has 365 million in annual sales and : 1.how is inventory turnover calculated?2.explain how inventory turnover affects the amount of cash that must be

Under the terms of their divorce agreement tom transferred : under the terms of their divorce agreement tom transferred google stock to his former wife tammy as a property

Tyler corporation has two service departments it department : tyler corporation has two service departments it department and hr department and two producing departments a and b.

Tammy who is divorced maintains a home in which she and her : tammy who is divorced maintains a home in which she and her 15-year old daughter live. tammy provides the majority of

Namiki cpa is auditing the financial statements of taylor : namiki cpa is auditing the financial statements of taylor corporation for the year ended december 31 2009. namiki plans

User Account

All Pages