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What was the actual inventory turnover of the firm

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1. Sticky Fingers Inc. produces scotch tape and masking tape. Last year's annual report has been compiled, and you are in charge of business analysis for the year. The company had a goal for inventory turnover of 6, cost of goods sold of $400,000, beginning inventory of $50,000, and ending inventory of $70,000. What was the actual inventory turnover, and at what percent did the firm achieve its goal?

2. Tinsley Inc. is an industry-leading cardboard manufacturer. You have been asked to determine a market value for the firm's equity. The firm has 100,000 shares outstanding, earnings per share of $2.50 last year, and a stock price of $25. What is the market value?

 

Reference no: EM13874990

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What was the actual inventory turnover of the firm : Sticky Fingers Inc. produces scotch tape and masking tape. Last year's annual report has been compiled. What was the actual inventory turnover, and at what percent did the firm achieve its goal?
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