User Account

All Pages

What was trade payables turnover ratio

Assignment Help Accounting Basics
Reference no: EM132234187

Question - A Co, a biotechnology company, reported cost of sales of $345.2 million and trade payables of $121.6 million for 20X3. In 20X2, cost of sales was $300.8 million and trade payable was $103.9 million. What was A Co's trade payables turnover ratio in 20X3?

3.06

2.84

2.90

2.86

Reference no: EM132234187

Questions Cloud

What is Lance tax basis in his LIC interest : LANCE Contributed investment property worth $652,500, purchased five Years ago for $392,500 cash, What is Lance tax basis in his LIC interest
What are the multicultural concerns : As we discussed at the beginning of the course, while there are numerous dimensions of diversity, Hays's ADDRESSING model provides a useful framework.
What types of firms are most at risk : Retail firms are at risk that their inventory will become obsolete. What can a firm do to minimize this risk? What types of firms are most at risk
How cultural differences contributed to the conflict in case : Identify common concerns with each cultural identity. Be careful to avoid using stereotypes. Analyze how cultural differences contributed to the conflict.
What was trade payables turnover ratio : A Co, a biotechnology company, reported cost of sales of $345.2 million. What was A Co's trade payables turnover ratio in 20X3
What is the amount of depletion that pratt should expense : The property has an estimated value of $300,000. During 20X7, 400,000 tons were sold. What is the amount of depletion that Pratt should expense for 20X7
How given theories explain changes in the economy : You are a financial analyst for the CMC Corporation. This corporation predicts changes in the economy, such as interest rates, retail trends, and unemployment.
Calculate the net income for March : Jeff Jackson opened Jackson's Repairs on March 1 of the current year. Based on this information, calculate the net income for March
What entry is needed at october : Straight-line amortization is used by the company. What entry is needed at October 1 for the first interest payment

Reviews

Write a Review

Accounting Basics Questions & Answers

  What is probability that all three promotions were of males

What is the probability that all three promotions were of males? Show how you calculated that probability.

  Wilcox electronics uses a sales & purchase journal

Wilcox Electronics uses a sales journal, a purchases journal, a cash receipts journal, a cash disbursements journal, and a general journal as illustrated in this chapter.

  Should navinow account for the contingent payments

Should NaviNow account for the contingent payments promised to the former owners of Traffic Eye as consideration transferred in the acquisition or as compensation expense to employees?

  Calculate Cranberry regular income tax liability

If the current year is a calendar year ending on December 31, 2018, calculate Cranberry's regular income tax liability

  During your year-end review of the accounts related to

in 2011 space technology company modified its model z2 satellite to incorporate a new communication device. the company

  How should the entity recognize revenue

How should the entity recognize revenue for the satisfaction of its performance obligation? What amount of revenue should be recognized for the following period

  Mishima inc report this amount on its balance sheet

Mishima, Inc. indicated in a recent annual report that approximately $19 million of merchandise was received on consignment. Should Mishima, Inc. report this amount on its balance sheet? Explain.

  Full-coverage crown to replace the tooth

As a result, Carrie lost a tooth, had to undergo root canal treatments, and must now wear a full-coverage crown to replace the tooth. Is the store liable for the damage? Why?

  Prepare comparative statements for the 5 years

Prepare comparative statements for the 5 years, assuming that Utrillo changed its method of inventory pricing to average cost. Indicate the effects on net income and earnings per share for the years involved. Utrillo Instruments started business in 2..

  What amount should be reported for total currents assets

What amount should be reported for total currents assets? What amount should be reported for total current liabilities? Show all computations.

  Which of the following statements concerning audit evidence

which of the following statements concerning audit evidence is true?a clients accounting data can be sufficient audit

  A mine is purchased for 4000000 there will be a salvage

a mine is purchased for 4000000. there will be a salvage value of 300000 when the land is restored after mining is

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: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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