1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
AlexFokin [52]
1 year ago
6

Dollar General Corporation operates general merchandise stores that feature quality merchandise at low prices. All stores are lo

cated in the United States, predominantly in small towns in 24 midwestern and south eastern states. In the current year, the company reported average inventories of $ 1,668 million and an inventory turnover ratio of 8.0. Average total fixed assets were $ 2,098 million, and the fixed asset turnover ratio was 9.0. What amount did Dollar General report as gross profit in the current year?
Business
1 answer:
Rzqust [24]1 year ago
6 0

Dollar General Corporation operates general merchandise stores that feature quality merchandise at low prices. All stores are located in the United States, predominantly in small towns in 24 midwestern and south eastern states. In the current year, the company reported average inventories of $ 1,668 million and an inventory turnover ratio of 8.0.

Fixed assets turnover ratio = 9.04 Net sales / Avera.

This ratio divides net sales by net fixed assets, calculated over an annual period. The net fixed assets include the amount of property,

Using Fixed Assets turnover ratio, we can find the net sale

Fixed Assets turnover = Net sale/Average fixed assets

$ 2,098 Net sale/1218674000

Net sale is=$ 2,098 × 1218674000

Net Sales is=$ 9.140.055000

Learn more about turnover ratio  here

brainly.com/question/27523896

#SPJ4

You might be interested in
Rank the five following levels of post secondary education based on the average yearly income .
mr Goodwill [35]
What’s your question? I don’t see the options...
7 0
2 years ago
Insider trading is when people buy or sell stocks based on
stiv31 [10]

Answer:

B

Explanation:

Insider trading when you trade with non public information (you are an insider) and it can be illegal.

Wiki

Insider trading is the trading of a public company's stock or other securities based on material, nonpublic information about the company. In various countries, some kinds of trading based on insider information is illegal. This is because it is seen as unfair to other investors who do not have access to the information, as the investor with insider information could potentially make larger profits than a typical investor could make.

8 0
3 years ago
Read 2 more answers
the is a multiple choice examination that evaluates the skills of the applicants for enlistment in the US military.
Gekata [30.6K]
The <u>ASVAB </u><span>is a multiple choice examination that evaluates the skills of the applicants for enlistment in the US military.
ASVAB is short for Armed Services Vocational Aptitude Battery, and refers to a test that determines whether a person taking it is suitable for the army. High school students can take this test starting from the 10th grade, and if they pass it, they can join the army when they become of age.</span>
6 0
3 years ago
____ pricing can be used in various types of contracts to require the buyer to pay the supplier a predetermined amount per unit
kondaur [170]
Unit pricing can be used in various types of contracts to require the buyer to pay the supplier a predetermined amount per unit of service. 
8 0
3 years ago
Read 2 more answers
"compare intel's actual and pro forma (as if) ratios of intangible assets to long-lived tangible assets in 2012. use r&amp;d cap
kobusy [5.1K]

Since Intel has a history of effectively transforming R&D investment into income, the pro-forma version of the ration seems to be of more significant. A company starting, for instance, would be unalike: its track record would be much poorer and probabilities are that the criteria set in place would not be as rough as Intel’s. Therefore, it appears that the significance hinge on the kind of business: if future benefit is more of a doubt, then R&D should be expensed. The contradictory is true if benefit is almost certain. Intel also has the advantage of being very vibrant with its R&D objectives and having exact, measurable standards. They note obviously what the funds are apportioned to and what the end outcomes should be of the growth.

4 0
3 years ago
Other questions:
  • Which standard is for safeguarding of phi specifically in electronic form (ephi)?
    6·1 answer
  • When brand equity is measured using stock valuation with an estimate of the portion of the value allocated to brand equity and n
    6·2 answers
  • Prior, Inc. has decided to raise additional capital by issuing $175,000 face value of bonds with a coupon rate of 10%. In discus
    14·1 answer
  • Match the following:
    13·2 answers
  • Firms experience economies of scaleLOADING... for several reasons. What is one such​ reason? A firm might experience economies o
    13·1 answer
  • 1. A company issues new stock with a fair value of $120,000 to acquire 85% of the stock of another company. The fair value of th
    9·1 answer
  • Apple Inc.'s decision to acquire Beats Electronics and Beats Music in 2014 for $3 billion rather than enter into a joint venture
    14·1 answer
  • Select all that apply. Which of the following items demonstrate poor choices made by private property owners?
    15·2 answers
  • Pyrdum Corporation produces metal telephone poles. In the most recent month, the company budgeted production of 3,500 poles. Act
    15·1 answer
  • What are the name of the 7 contents
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!