What is the inventory period

Assignment Help Finance Basics
Reference no: EM13265278

Wage Garnishers, Inc. has sales for the year of $50,300 and cost of goods sold of $23,700. The firm carries an average inventory of $4,800 and has an average accounts payable balance of $4,400. What is the inventory period?

12.39 days
18.68 days
31.29 days
73.92 days
81.36 days

 

Reference no: EM13265278

Questions Cloud

Discuss the evolving musical language of the period : How does the emergence of the symphony, as a genre, reflect the cultural values and history associated with the Enlightenment and discuss the evolving musical language of the period
Which fet operates in both depletion and enhanced mode : Which FET operates in both Depletion and Enhanced mode and how do you recognize the mode by just looking at the Family of Drain Characteristic Curves
How tall is the person : The owner of a van installs a rear-window lens that has a focal length of -0.299 m. When the owner looks out through the lens at a person standing directly behind the van, How tall is the person
What is the firms effective cost of borrowing : Lacey's has an average collection period of 32 days and factors all of its receivables immediately at a 1.1 percent discount. Assume all accounts are collected in full. What is the firm's effective cost of borrowing?
What is the inventory period : Wage Garnishers, Inc. has sales for the year of $50,300 and cost of goods sold of $23,700. The firm carries an average inventory of $4,800 and has an average accounts payable balance of $4,400. What is the inventory period?
What is the smallest thickness of a soap film : What is the smallest thickness of a soap film (n=1.40) that would appear black if illuminated with 470nm light? Assume there is air on both sides of the soap film
What is the projects operating cash flow for the first year : What is the project ' s operating cash flow for the first year (t = 1)? Page(s): 459, Financial Management: Theory & Practice by Eugene F. Brigham
Explain intermolecular attractions influence the solubility : How do intermolecular attractions influence the solubility of a solute in a particular solvent
Discuss about socrates and his philosophical thoughts : Discuss about Socrates and his philosophical thoughts and your reaction to it and your personal reaction to it, or how it is relevant for you

Reviews

Write a Review

Finance Basics Questions & Answers

  Find the base value of stock

Edward purchased stock last year as follows: In April of this year, Edward sells 80 shares for $250. Edward cannot specifically identify the stock sold. The basis for the 80 shares sold is

  Calculate price of the stock

The stock of Robotic Atlanta Corporation is trading at $40 each share. In the past, the firm has paid a constant dividend of $5 each share and it has just paid an yearly dividend.

  Investment and portfolio analysis assignment

Investment and Portfolio Analysis Assignments

  How does your decision influence the ultimate amount of cash

It is a common fact that many lottery winners are "broke" sooner than later. If you won a $1,000,000 lottery, would you want to collect the lump sum winnings today or receive the monies over time? How does your decision influence the ultimate amount ..

  Calculate wacc after tax

Capital Co. has a capital structure, based on current market values, that consists of 34 percent debt, 12 percent preferred stock, and 54 percent common stock.  Calculate WACC after tax in percent.

  Important questions of finance

Why do you think a company that is considering investing in a long-term project that will not generate any positive cash flow for many years would fund it by issuing zero-coupon bonds?

  Find the rate of return on stock

The Frisco Corporation just paid $2.20 as its annual dividend. The dividends have been increasing at a rate of 4% yearly and this trend is expected to continue.

  Corporate dividend policies

Here are many assertions about typical corporate dividend policies. Which of them are true? Write out a corrected version of any false statements.

  What is your financial recommendation

the clinic is supposed to have an average of 100 patients per month. calculate your break-even analysis for the clinc? what is your financial recommendation?

  How much free cash flow did the firm generate during 2009

Net income = $825; after-tax operating income [EBIT (1-T)] = $925; EBITDA=1,700; Gross fixed assets = $2,500; and Net operating working capital (NOWC) = 350. Tax rate is 40%. How much free cash flow did the firm generate during 2009?

  Change in retained earnings account

The current market price of the firm's shares is $20. If the firm declares a 10 percent stock dividend followed by a cash dividend of $0.10 per share,

  Information about capital asset pricing model

What is the estimated beta coefficient of your company? What does this beta mean in terms of your choice to include this company in your overall portfolio?

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