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grin007 [14]
3 years ago
12

On a given trading day, 700 stocks advanced and 1,200 stocks declined. The volume of declining stocks was 280 million while the

volume of advancing stocks was 530 million. What is the TRIN value for the day?A) 0.31B) 0.91C) 1.10D) 3.24
Business
1 answer:
morpeh [17]3 years ago
3 0

Answer:

The correct option is (A)

Explanation:

Given:

Advancing stocks = 700

Declining stocks = 1,200

Advancing ratio = Advancing stock ÷ Declining stock

                          = 700 ÷ 1,200

                          = 0.583

Advancing stock volume = 530 million

Declining stock volume = 280 million

Advancing volume = Advancing stock volume ÷ Declining stock volume

                                = 530 million ÷ 280 million

                                 = 1.893

Computation of TRIN:

TRIN = Advancing ratio ÷ Advancing volume

         = 0.583 ÷ 1.893

         = 0.307 or 0.31

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Sapphire Aerospace operates 52 weeks per year, and its cost of goods sold last year was $6,500,000. The firm carries eight items
OLEGan [10]

a. The average aggregate inventory value is <em>$336,000.</em>

b. The number of weeks of supply that the firm has is <em>3 weeks</em>, approximately (2.69 ($336,000/$6,500,000 x 52).

c. The inventory turnover of Sapphire Aerospace for last year was<em> 19.3x.</em>

<u>Question Completion</u>:

Category        Part Number        Average           Value        Total      Category

                                              Inventory Units    per Unit      Value        Totals

Raw Materials      RM-1                20,000               $1        $20,000

Materials             RM-2                 5,000                 5          25,000

                            RM-3                 3,000                 6           18,000

                            RM-4                  1,000                 8            8,000      $71,000

Work-in-process WIP-1                 6,000                10         60,000

                            WIP-2               8,000                 12         96,000   $156,000

Finished goods   FG-1                  1,000                65         65,000

                            FG-2                   500                88         44,000   $109,000

Total value of inventory                                               $336,000  $336,000

Inventory turnover = Cost of goods sold/Average inventory

= 19.3x ($6,500,000/$336,000)

Thus, the average inventory value is $336,000, while the inventory turnover was 19.3x.

Learn more about inventory turnover here: brainly.com/question/5701250

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