What is the length of the days sales in inventory

Assignment Help Financial Management
Reference no: EM131023230

Scribble, Inc. has sales of $92,000 and cost of goods sold of $76,000. The firm had a beginning inventory of $22,000 and an ending inventory of $24,000. What is the length of the days' sales in inventory? (Round your answer to 2 decimal places.)

Reference no: EM131023230

Questions Cloud

National bureau of economic research : The National Bureau of Economic Research, a private group, is responsible for declaring when recessions begin and end. Can you think of reasons the Bureau of Economic Analysis, part of the federal government, might not want to take on this respons..
Find the equation of the line : Please Show all work: In 2006, the median price of an existing home in some country was approximately $230,450. In 2001, the median price of an existing home was $157,700.
What was the gdp of oliveria : In 2004, 46 widgets and 89 olives were produced in Oliveria. What was the GDP of Oliveria in 2004
Gdp-business cycle : Briefly explain whether production of each of the following goods is likely to fluctuate more or less than real GDP does during the business cycle:
What is the length of the days sales in inventory : Scribble, Inc. has sales of $92,000 and cost of goods sold of $76,000. The firm had a beginning inventory of $22,000 and an ending inventory of $24,000. What is the length of the days' sales in inventory? (Round your answer to 2 decimal places.)
What is the fair price of this investment : An investment pays $2,050 per year for the first 4 years, $4,100 per year for the next 5 years, and $6,150 per year the following 9 years (all payments are at the end of each year). If the discount rate is 8.05% compounding quarterly, what is the fai..
Price of the stock according to the dividend discount model : A stock is expected to pay a dividend of $3 at the end of one year. After that dividends are expected to grow at the rate of 2% per year forever. The required return on the stock is 15%. What's the price of the stock according to the dividend discoun..
Bond with coupon paid semiannually : Suppose that today’s date is April 15. A bond with a 10% coupon paid semiannually every January 15 and July 15 is listed in The Wall Street Journal as selling at an ask price of 101:04. If you buy the bond from a dealer today, what price will you pay..
Period of relative macroeconomic stability : Briefly compare the severity of recessions before and after 1950. What explanations have economists offered for the period of relative macroeconomic stability from 1950 to 2007?

Reviews

Write a Review

Financial Management Questions & Answers

  Financial statements for its first year in business

In its closing financial statements for its first year in business, ABC Enterprises, had cash of $242, accounts receivable of $850, inventory of $820, net fixed assets of $3,408, accounts payable of $700, short-term notes payable of $740, long-term l..

  Banking crisis just started-reducing availability of credit

Describe one way that a financial manager of a retail company would efficiently adjust his company’s financial management practices to each of the following changes in market conditions: (a) a big competitor enters the market; (b) technological progr..

  Able to withdraw each year of retirement

How much will the client be able to withdraw each year of retirement, if the client wants to leave an amount equal to 20% of the starting amount of the retirement account on day retires (so 20% of $6,075,465), to heirs upon his death which he assumes..

  If projects are mutually exclusive

If projects are mutually exclusive: a: they can only be accepted under capital rationing, b: the selection of one alternative precludes the seclusion of other alternatives, c: the payback method should be used, or d: the net present value method will..

  The price of the stock go before you get a margin call

You are bearish on AT&T stocks and decide to sell short 100 shares at the current market price of $15 per share. The initial margin requirement is 50% and the maintenance margin requirement is 30%. How high can the price of the stock go before you ge..

  Income statement related to this option grant

Tanner Inc. reports 2,858,000 stock options granted during fiscal 2014 at a weighted-average fair-value of $15.40. The average vesting period for these options is four years. Tanner should record a $44,013,200 expense on its income statement related ..

  What is the best estimate of value of sunshines operations

Sunshine Resorts, Inc. is a fast growing hotel chain whose free cash flow (FCF) in the year just ended was $225 (in millions of dollars). Analysts expect the company's FCF to grow by 40% this year, by 25% in Year 2, by 15% in Year 3, and at a constan..

  Calculating rates of return

Suppose an investment offers to quadruple your money in 18 months (don’t believe it). What rate of return per quarter are you being offered?

  Calculate the deltas of the call and put

A stock has a price of $31 and an annual return volatility of 59 percent. The risk-free rate is 3.03 percent. Calculate the call and put option prices with a strike price of $29 and a 90-day expiration.  Calculate the deltas of the call and put

  What is the equipments after-tax net salvage value

Allen Air Lines must liquidate some equipment that is being replaced. The equipment originally cost $15 million, of which 80% has been depreciated. The used equipment can be sold today for $3.75 million, and its tax rate is 30%. What is the equipment..

  Make semiannual withdrawals from an account starting

You make semiannual withdrawals from an account starting in month 6 for $500 and increasing by $100 each semiannual period thereafter until end of year 4. The account pays 12% compounded monthly

  Determine whether or not you believe that applersquos

use the internet to research the apple corporation its current position and reputation regarding ethical and social

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