What are bestsell''s inventory conversion period

Assignment Help Finance Basics
Reference no: EM131393865

BestSell Auctions carries an average inventory equal to $100,000. The company's cost of goods sold averages $1.5 million. What are BestSell's

(a) inventory turnover, and

(b) inventory conversion period?

Reference no: EM131393865

Questions Cloud

What rate of return does the investor expect to receive : The projected growth at a rate of dividends for this stock is 5.66 percent per year. What rate of return does the investor expect to receive on this stock if he or she purchases the stock today?
What is the average amount of inventory : Cost of goods sold normally equal 75 percent of sales. If 3LS turns over its inventory 20 times during the year, what is the average amount of inventory that is shown on its balance sheet?
Write a brief introduction to the article : The assignment must include the following components:1. a brief introduction to the article,2. a summary and analysis of the key points of the article,3. a decision on whether or not the article supports the concepts as presented in the textbook, and..
What is marys effective annual rate : Mary purchased 100 shares of Sweet Pea Co. stock at a price of $40.31 six months ago. She sold all stocks today for $45.36. During that period the stock paid dividends of $1.25 per share. What is Mary's effective annual rate?
What are bestsell''s inventory conversion period : BestSell Auctions carries an average inventory equal to $100,000. The company's cost of goods sold averages $1.5 million.
What is toms effective annual rate : Tom purchased 100 shares of Dalia Co. stock at a price of $123.47 four months ago. He sold all stocks today for $125.23. During the year the stock paid dividends of $7.44 per share. What is Tom's effective annual rate?
Propose the manner in which you would apply portfolio theory : Imagine that one of your clients has $100,000 to invest. Propose the manner in which you would apply portfolio theory to this scenario. Justify your response.
Explain the basic steps in the planning process : Explain the basic steps in the planning process.Describe the steps in the decision-making process, and predict how the personal attributes of the manager influence decision making. Predict how the steps of the strategic planning process and the e..
What is lou''s payables deferral period (dpo) : Lights Out Utilities (LOU) purchases $15,000 in raw materials from its suppliers each day. LOU's accounts payable turnover is 12.

Reviews

Write a Review

Finance Basics Questions & Answers

  What financial activities is the treasurer or financial

What financial activities is the treasurer or financial manage; responsible for handling in the mature firm?

  Confu inc expects to have the following data during the

confu inc. expects to have the following data during the coming year. what is the firms expected roe?assets

  Is there an arbitrage opportunity

Is there an arbitrage opportunity, if so, show the gain on the arbitrage.

  What is the return on equity

Webster & Jones has net income of $49,200, sales of $936,800, a capital intensity ratio of 0.74, and an equity multiplier of 1.5. What is the return on equity?

  Discuss pros and cons for professional staff compensation

If a corporation wants to allocate Head Quarters administrative expenses to its consulting offices and discuss the pros and cons for each of the following in terms of incentives,

  Determine appropriate wacc for average-risk

Richard works for a firm that is expanding into a completely new line of business. He has been asked to determine an appropriate WACC for an average-risk project in the expansion division.

  Describe factors that bring about managerial discretion for

describe factors that bring about managerial discretion for preparing financial

  What are some of the different types of variances

What are some of the different types of variances that may occur in a business and the factors that contribute to these variances?

  What is the common size percentage for the cost of goods

delmont movers has a profit margin of 6.2 percent and net income of 48900. what is the common size percentage for the

  What percentage return do you earn on the investment

Explain what percentage return do you earn on the investment - During the year the company distributes $ 0.75 in dividends

  During the us civil war the confederate government had to

during the u.s. civil war the confederate government had to resort to printing currency to obtain the goods they

  Suppose that the rate of inflation accelerates from 5 to

suppose that the rate of inflation accelerates from 5 to 10 percent per year. would firms cash balances go up or down

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