User Account

All Pages

Calculate the days sales in inventory ratio

Assignment Help Accounting Basics
Reference no: EM132440664

Question - Betty Company shows the following data on its 2013 financial statements:

Accounts receivable, January 1 $720,000

Accounts receivable, December 31 $ 960,000

Merchandise inventory, January 1 $900,000

Merchandise inventory, December 31 $1,020,000
Net sales 4,620,000

Cost of goods sold 3,360,000

Net income 384,000

Calculate the days' sales in inventory ratio?

Reference no: EM132440664

Questions Cloud

Calculate the formula for mrs : Consider the following ?ve utility functions and assume that a and ß are positive real numbers:
Description-deployment and countermeasures : Select and research one of the many types of Deceptions and briefly provide a description, deployment (methods) and countermeasures.
Discuss the local county public health department : Consider the role governmental public health agencies play in collaborating with non-governmental organizations.Discuss local county public health department
How the lower rental cost is incorporated in answer : Choose the correct answer from the list of choices below. Clearly explain how the lower rental cost is incorporated in your answer.
Calculate the days sales in inventory ratio : Betty Company shows the following data on its 2013 financial statements: Accounts receivable, January 1 $720,000. Calculate the days' sales in inventory ratio
Market failure arising from negative externalities : Discuss to what extent should governments attempt to influence markets where positive externalities exist?
Foundation called the future of life institute : Elon-Musk donated $10 million to foundation called the Future of Life Institute. How valid are Elon Musk, Bill Gates, and Stephen Hawking's concerns?
How do their incentives to complete paperwork differ : How do the therapists' incentives to produce sessions compare? How do their incentives to complete paperwork differ?
What should the unit sales price : Concord has received a special order from a foreign company for 2000 units. If Concord wants to break even on the order, what should the unit sales price be

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +91-977-207-8620

Phone: +91-977-207-8620

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd