Do you think that by improving stock turnover

Assignment Help Financial Accounting
Reference no: EM132204029

In 2017, the records of Metrolink Cosmetics were:

Stock Turnover for 2015 (actual) and 2016 (budgeted) where 90 and 80 respectively.

Creditors turnovers for the same periods where 28 days and 37 days respectively.

i. Do you think that by improving Stock Turnover, there will be an increase in gross profit as well?

ii. What two strategies can the business adopt in order to improve the Stock Turnover?

iii. In what ways (both positive and negative) can the increase in Creditors Turnover be felt by the business?

Reference no: EM132204029

Questions Cloud

What is morris tie ratio : What is Morris's TIE ratio? Round intermediate calculations to two decimal places. Round your answer to two decimal places.
What is its return on equity : What is its Return on Equity (ROE)? Round your answer to two decimal places.
Spent on research for the project : How would I incorporate $ previously spent on research for the project (i.e not the capex to start the project but capex 1-2years previously but related to the
Relationship between the increases in the two ratios : Based on this information, what can you deduce from the relationship between the increases in the two ratios?
Do you think that by improving stock turnover : i. Do you think that by improving Stock Turnover, there will be an increase in gross profit as well?
Journalize all entries required as a result : Presented below are selected transactions for Werley Company for 2018.
Why does the discount on a bond payable : Why does the discount on a bond payable becomes additional interest expense over the life of the bonds?
What is its ?after-tax wacc : It has an equity beta of 1.18 Assume the? risk-free rate is 2.1 % the market risk premium is 6.8 % and? AllCity's tax rate is 35%
How government intervention is used to curb that power : Explain how government intervention is used, or may be used, to curb that power and provide a more efficient outcome for the economy

Reviews

Write a Review

Financial Accounting Questions & Answers

  Financial statement analysis and preparation

Financial Statement Analysis and Preparation

  Shareholder of a company

Describe the ways that a person can become a shareholder of a company. Why Wal-Mart would split its stock?

  Financial and accounting principles

An understanding of financial and accounting principles can be a valuable tool for managers. While not all managers will find themselves calculating financial ratios or preparing annual financial data.

  Prepare a statement of cash flow using the direct method

Prepare a Statement of Cash Flow using the Direct Method and Prepare the Operations section of the Statement of Cash Flow using the Indirect Method.

  Financial accounting assignment

This assignment has one case study and two question apart from case study. Questions related to document Liquidation question and Company financial statements question - Torquay Limited

  Prepare general journal entries for goela

Prepare general journal entries for Goela Ltd

  Principles of financial accounting

Prepare the journal entry to record the acquisition of the assets.

  Prepare general journal entries to record the transactions

Prepare general journal entries to record the transactions, assuming use of the periodic inventory system

  Global reporting initiative

Compare the view espoused by the economist Milton Friedman about the social responsibilities of business with the views express by Stigler.

  Explain the iasb conceptual frameworks

Explain the IASB Conceptual Framework's perspective of users and their decisions.

  Determine the company''s financial statements

T he focus of the report is to determine the extent to which you are comfortable relying on the financial statements as presented by management .

  Computation of free cash flow

Computation of Free Cash Flow

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!

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