What is the cost of goods sold for lambda corporation

Assignment Help Financial Management
Reference no: EM13721741

Lambda Corporation has current liabilities of $420,000, a quick ratio of 1.5, inventory turnover of 4.0, and a current ratio of 3.0. What is the cost of goods sold for Lambda Corporation?

Reference no: EM13721741

Questions Cloud

Rogues operating income is equal : Rogue Industries reported the following items for the current year: Sales = $3,000,000; Cost of Goods Sold = $1,500,000; Depreciation Expense = $170,000; Administrative Expenses = $150,000; Interest Expense = $30,000; Marketing Expenses = $80,000; an..
How do tcp and udp relate to ip : i. How do TCP and UDP relate to IP (Internet protocol)? Which of these pro- tocols are encapsulated within (or layered atop) one another? Could all three be used simultaneously?
Information about elkridge sporting goods : Given the following information about Elkridge Sporting Goods, Inc., construct a balance sheet for June 30, 2014. On that date the firm had cash and marketable securities of $25,135, accounts receivable of $43,758, inventory of $166,700, net fixed as..
What is the companys net income : Recreational Supplies Co. has net sales of $12,660,000, an ROE of 23.00 percent, and a total asset turnover of 2.52 times. If the firm has a debt-to-equity ratio of 0.76, what is the company’s net income?
What is the cost of goods sold for lambda corporation : Lambda Corporation has current liabilities of $420,000, a quick ratio of 1.5, inventory turnover of 4.0, and a current ratio of 3.0. What is the cost of goods sold for Lambda Corporation?
What is the price of the bond : A bond has a coupon rate of 9.8 percent and 11 years until maturity. If the yield to maturity is 8.2 percent, what is the price of the bond?
The operating cost of a new machine : The operating cost of a new machine is $500 for the first year. Starting the second year, the operating cost increases by $200 per year for the next 10 years. Calculate the equivalent annual operating cost of the machine. What will be the present and..
Inventory turnover ratio and days sales in inventory : Sorenson Inc. has sales of $5,712,000, a gross profit margin of 27.45 percent, and inventory of $937,000. What are the company’s inventory turnover ratio and days’ sales in inventory?
Two different salary arrangements : You've just joined the investment banking firm of Dewey, Cheatum, and Howe. They've offered you two different salary arrangements. You can have $95,000 per year for the next two years, or you can have $70,000 per year for the next two years, along wi..

Reviews

Write a Review

Financial Management Questions & Answers

  Explain manage potential conflicts of interest

Financial Analysis (called Security Analysis on Wall Street) can be less than totally objective. How big a problem do you think this is? What can be done to manage potential conflicts of interest? Maybe we just have to live with it and search out ..

  The firm manufactures a global positioning system gps that

the firm manufactures a global positioning system gps that sells for 2000 with cost of goods sold hardware 30 and

  Describe the maximum gain when a bear spread

Describe the maximum gain when a bear spread is created from the calls Describe the maximum loss when a bear spread is created from the calls

  Explain the degree to which the existing benchmarks align

Explain the degree to which the existing benchmarks align with existing organisational goals. Propose improvements which would better align benchmarks as needed.

  A regional bank has decided to open an office overseas for

a regional bank has decided to open an office overseas for serving those businesses that are expanding internationally.

  Question 1the current yield on a 5000 8 percent coupon bond

question 1the current yield on a 5000 8 percent coupon bond selling for 4000 is5.8.10.20.none of the above.question

  What gold futures price per ounce will trigger a margin call

A company enters into a long futures contract to buy 200 ounces of gold for $1,257 per ounce. The initial margin is $4,000 and the maintenance margin is $1,000. What gold futures price per ounce will trigger a margin call? (Margin of error: +/- $1)

  Explain how using a risk-adjusted discount rate improves

Explain how using a risk-adjusted discount rate improves capital budgeting decision making compared to using a single discount rate for all projects?

  Calculate the current earnings per share

Calculate the firms EOQ for the item of inventory and what is the firms total cost based upon the EOQ calculated above - Calculate the current earnings per share

  What are some examples of restrictive covenants that might

If a convertible bond has a conversion ratio of 20, a face value of $1,000, a coupon rate of 8 percent, and the market price for the company’s stock is $15 per share, what is the convertible bond’s conversion value?

  Footnote for danerys year-end financial statements

Write the footnote for Danerys' year-end financial statements (assume 12/31/13 year-end) related to goodwill and other intangible assets - Determine the appropriate acquisition-date journal entry for the acquisition.

  Explain financial data and associated decision making

In addition, you may wish to seek out further information through your own research. When you have reviewed the advice and the plans, please prepare a short (2-3 page) paper discussing:

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