User Account

All Pages

Compute the gross profit rate and days in inventory

Assignment Help Accounting Basics
Reference no: EM133133370

Question - Sunland Enterprises reported the following information for 2014:

Beginning inventory $37,120

Cost of goods sold 468,640

Ending inventory 52,200

Net income 31,320

Net sales 870,000

Operating expenses 255,200

Sales revenue 887,400

Required - Compute each of the following ratios:

(1) Gross profit rate

(2) Inventory turnover

(3) Days in inventory

(4) Profit margin

Reference no: EM133133370

Questions Cloud

Explain roles of the government : Select a social problem where free markets are not allowed to function.
Handout on speech acts : What are the similarities and differences between the following two cases: Innis and Brewer? What important point do the two cases make in terms of linguistics?
Rising tension between russia and ukraine : Do a brief research online about the rising tension between Russia and Ukraine. Compose a short thought paper (maximum of 2 pages) regarding the issue.
Development of the website prototype using html code : Development of the website prototype using HTML code, based on the design document you submitted for Assessment
Compute the gross profit rate and days in inventory : Sunland Enterprises reported the following information for 2014: Beginning inventory $37,120. Compute the Gross profit rate and Days in inventory
What is the nominal interest rate in venezuela : You have the following information. The current nominal interest rate for a 1-year deposit in a U.S bank is 5% (0.05). The current spot exchange rate between th
What types of disabilities are present on your campus : How does the leader promote an inclusive environment for students of all abilities? What types of disabilities are present on your campus?
Contrast centrally planned economies and free market : 1. Explain the role played by consumers, business, and government in a market economy. Hint: Focus on the factor and product markets.
Mention the reasons why the legislation is in place : Mention the reasons why the legislation is in place?. Also, in a few words what are the implications of not following the legislation?

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