Cost of goods sold for the year totaled

Reference no: EM131017141

1. Assume 007 Inc. made sales of $964.4 million during 2016. Cost of goods sold for the year totaled $655.3 million. At the end of 2015, 007 Inc. inventories stood at $200.7 million, and the company ended 2016 with inventory of $240 million. Compute 007's gross profit percentage and rate of inventory turnover for 2016.

Reference no: EM131017141

Questions Cloud

How do they relate to the narratives : How do they relate to the narratives (victory/overcoming challenges), Victory and overcoming challenges in depth overview, Why do people love him now? What makes him appealing again

What are the recognized strengths of your identified area : What are the recognized strengths of your identified area - what does your identified area do better than other companies?

If retained earnings at december : Hercules Manufacturing's Retained Earnings at December 31, 2014, amounts to:$533,000.$345,000.$198,000.$356,000.

What is the sony aibo value proposition : What is the Sony AIBO Value Proposition? What is the appeal of the AIBO to buyers in Japan? In the US? Sony is facing competition from other robot manufacturers, including Honda. How should this affect Sony's marketing strategy

Cost of goods sold for the year totaled : Assume 007 Inc. made sales of $964.4 million during 2016. Cost of goods sold for the year totaled $655.3 million.

Green corporation holds assets valued : Apricot Corporation moves its headquarters and incorporation from Rochester, New York, to Santa Fe, New Mexico. It changes its name to Chile Pepper, Inc.

Do you think these phenomena are related : Do you think these phenomena are related? Could higher wages and better job opportunities lead to a more capital-intensive way of performing household chores? Explain.

How was event which changed operations in organization : Identify one example of an event that has changed the operations of your organization or an organization with which you are familiar. If you are not currently working in a health care organization (HCO), you may choose a case study from a reliable..

Refer to the chart of accounts for exact wording of account : Journalize the following merchandise transactions. Refer to the Chart of Accounts for exact wording of account titles.

User Account

All Pages