User Account

All Pages

What the estimated inventory amount is

Assignment Help Financial Accounting
Reference no: EM132497959

1. The current assets of Cannon Enterprise consists of cash, accounts receivable, and inventory. The following information is available:

Credit sales 75% of total sales

Inventory turnover 5 times

Working capital P1,200,000

Current ratio 2.00 to 1

Quick ratio 1.25 to 1

Average collection period 42 days

Working days 360

Question 1: The estimated inventory amount is

a. 840,000

b. 600,000

c. 720,000

d. 550,000

Reference no: EM132497959

Questions Cloud

What is goodwill in the purchase : Balance sheet with a net book value of $1,500,000 and a fair value of $2,500,000. Reticular had no liabilities at this time. What is goodwill in this purchase?
Calculate her dol for her : All that she knows is that her operating income will likely increase from $300,000 to $350,000 during that time period. Calculate her DOL for her.
Find what would the journal entries be : Price for the equipment, and the average discount on sticker that the seller provides their customers on backhoes, what would the journal entries be?
What is the ebit-eps indifference point : Scott's company is looking at expanding into a new territory and needs to evaluate various financing plans. Below are the characteristics of each plan:
What the estimated inventory amount is : What The estimated inventory amount is? The current assets of Cannon Enterprise consists of cash, accounts receivable, and inventory
Using iot simulator - identify the driver using card reader : Need you to do this work Aurdiono with nodmcu connected to network portable connected to the public server connected to the end user staff sensors
What is the average collection period of the receivables : The net credit sales during the year amounted to P4,000,000. Using the 360 day period, what is the average collection period of the receivables?
What did retained earnings change to : Either way, they decided to issue a stock dividend of 10% and a cash dividend of $0.10 per share. What did retained earnings change to?
What the receivables turnover was : The Accounts receivables balances at the beginning and end of the year were P600,000 and P700,000, respectively. The receivables turnover was

Reviews

Write a Review

Financial Accounting Questions & Answers

  Financial statement analysis and preparation

Financial Statement Analysis and Preparation

  Shareholder of a company

Describe the ways that a person can become a shareholder of a company. Why Wal-Mart would split its stock?

  Financial and accounting principles

An understanding of financial and accounting principles can be a valuable tool for managers. While not all managers will find themselves calculating financial ratios or preparing annual financial data.

  Prepare a statement of cash flow using the direct method

Prepare a Statement of Cash Flow using the Direct Method and Prepare the Operations section of the Statement of Cash Flow using the Indirect Method.

  Financial accounting assignment

This assignment has one case study and two question apart from case study. Questions related to document Liquidation question and Company financial statements question - Torquay Limited

  Prepare general journal entries for goela

Prepare general journal entries for Goela Ltd

  Principles of financial accounting

Prepare the journal entry to record the acquisition of the assets.

  Prepare general journal entries to record the transactions

Prepare general journal entries to record the transactions, assuming use of the periodic inventory system

  Global reporting initiative

Compare the view espoused by the economist Milton Friedman about the social responsibilities of business with the views express by Stigler.

  Explain the iasb conceptual frameworks

Explain the IASB Conceptual Framework's perspective of users and their decisions.

  Determine the company''s financial statements

T he focus of the report is to determine the extent to which you are comfortable relying on the financial statements as presented by management .

  Computation of free cash flow

Computation of Free Cash Flow

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +91-977-207-8620

Phone: +91-977-207-8620

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd