Solution-What was the company inventory turnover for the

What was the company inventory turnover for the most recent

Reference no: EM131129826

Using figures from the income statement and balance sheet, answer the following questions:

a. What was the company’s inventory turnover for the most recent year reported?

b. Using your answer from part a, what was the average number of days that merchandise remained in inventory before it was sold?

c. Is the company’s operating cycle influenced significantly by its accounts receivable turnover rate? Explain.

Reference no: EM131129826

Questions Cloud

What is the bonds straight debt value : What is the bond's straight-debt value (a) $684.78 (b) $720.82 (c) $758.76 (d) $798.70 (e) $838.63

Discuss the two major types of leases : Discuss the two major types of leases

Find price per share of company 3 million shares outstanding : Corpus Christie Inc has $10 million face value zero-coupon bonds due in 6 years, and its σ is 0.4. The total market value of Corpus Christie is $25 million and the riskless rate is 4%. The company has 3 million shares outstanding. Find its price per ..

Calculate earnings after taxes for each of your alternatives : Collins Systems, Inc., is trying to develop an asset-financing plan. The firm has $300,000 in temporary current assets and $200,000 in permanent current assets. Collins also has $400,000 in fixed assets. Assume a tax rate of 40 percent. Given the Col..

What was the company inventory turnover for the most recent : Using figures from the income statement and balance sheet, answer the following questions: a. What was the company’s inventory turnover for the most recent year reported? b. Using your answer from part a, what was the average number of days that merc..

What is the amount of consolidated net income : On the consolidated financial statements, what amount should have been shown for Equity in Subsidiary Earnings? On the consolidated financial statements, what amount should have been shown for consolidated dividends? What is the amount of consolidate..

How much are current assets what is the company quick ratio : A firm’s balance sheet contains $320 of cash, $2,000 of fixed assets, $1,380 of accounts receivable, $780 of accounts payable, $500 of inventory, and $1,000 on a revolving line of credit. Assuming that list contains all of the company’s assets and li..

What will the portfolio new beta be : You hold a diversified $100,000 portfolio consisting of 20 stocks with $5,000 invested in each. The portfolio's beta is 1.12. You plan to sell a stock with b = 0.90 and use the proceeds to buy a new stock with b = 1.80. What will the portfolio's new ..

How much would the reduction in assets improve the roe : Sales, costs, and net income would not be affected, and the firm would maintain the same debt ratio (but with less total debt). By how much would the reduction in assets improve the ROE?

User Account

All Pages

What was the company inventory turnover for the most recent

Reference no: EM131129826

Reference no: EM131129826

Questions Cloud

Reviews

Write a Review

Finance Basics Questions & Answers

What regulations should be considered when making a decision

What are the various kinds of budgets

Beneficiaries of the power of appointment trust

Why has behavioral finance grown as a field of study

Why is it important to understand the ability to evaluate

What net return did you earn on your el share investment

What would earning share under each financing alternative

Discuss business taxes and importance in financial decisions

Should they borrow the money to pay its accounts payable

Dixie medical center estimates that a cpitated population

Consider the situation in which stock price movements

Identify the major risk exposures resulting

Assured A++ Grade

Academics

Major Subjects

Majors

Get In Touch

TERMS & POLICIES

HELP & SUPPORT