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nydimaria [60]
3 years ago
8

Zhang company reported cost of goods sold of $835,000 and average inventory of $41,750. the inventory turnover ratio is

Business
1 answer:
Ahat [919]3 years ago
8 0
To find the inventory turnover ratio you will:
divide the cost of goods sold (COGS) by the average inventory
COGS = $835,000
Average inventory = $41,750

Inventory turnover ratio = $835,000/$41,750 
Inventory turnover ratio = 20
In most cases, we can assume if there is a higher ratio more sales are being generated from the inventory. 
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1 year ago
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kolbaska11 [484]

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2 years ago
Which of the following statements is false?A) We say a portfolio is long those stocks that have negative portfolio weights. B) T
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3 years ago
analysis, formulation, and implementation are the pillars of research and knowledge about strategic management. this activity is
AlekseyPX

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8 0
11 months ago
Overton, Inc. had the following transactions in 2017, its first year of operations: • Issued 15,000 shares of common stock. Stoc
dimaraw [331]

Answer:

total stockholders' equity =  $660000

Explanation:

given data

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to find out

total stockholders' equity

solution

we get here common stock that is express as

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and

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total stockholders' equity =  $660000

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3 years ago
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