What is the inventory turnover

Assignment Help Finance Basics

Reference no: EM131407854

The average inventory shown on Drip-Fixer Plumbing's balance sheet is $270,000. The inventory conversion period is nine days.

(a) What is the inventory turnover?

(b) What amount of inventory does Drip-Fixer normally purchase each day?

Reference no: EM131407854

Questions Cloud

Find the median number of goals : The table below shows information about the number of goals scored by a football club in eahc of its last 45 games. find the median number of goals. Show your working clearly.

Professional or academic journal : The selected article must be from a professional or academic journal, at least two pages in length, and published within the last five years. Be sure that the article is specific to occupational safety and health as some search terms may result in..

Identify the potential market segments : Using the following list of products, identify the potential market segments of each product based on demographics, psychographic, and behavioral differences. Prepare a brief report and explain the segmentation variables associated with each examp..

Origination of funding for your business venture : Describe origination of funding for your business venture and include a description of the two main sources of funding (equity and debt funding).

What is the inventory turnover : The average inventory shown on Drip-Fixer Plumbing's balance sheet is $270,000. The inventory conversion period is nine days.

Advantages and disadvantages of secondary data collection : 1: What are the advantages and disadvantages of secondary data collection? 2: What are some of the issues to be considered when using data from leisure participation surveys?

Compare an expensive restaurant : Compare an expensive restaurant, a fast-food restaurant, and a cafeteria in terms of process characteristics.

Does a price floor attempt to make a price higher or lower : Does a price ceiling attempt to make a price higher or lower? How does a price ceiling set below the equilibrium level affect quantity demanded and quantity supplied? Does a price floor attempt to make a price higher or lower?

What is the average amount of inventory : 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?

User Account

All Pages