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anyanavicka [17]
3 years ago
15

What is the inventory turnover ratio for ABC Corp. if cost of goods sold equals $5,000, current ratio equals 3, quick ratio equa

ls 1.5, and the firm has $1,800 in current assets
Business
1 answer:
soldi70 [24.7K]3 years ago
6 0

Answer:

Inventory turnover= 5.5 times

Explanation:

Current ratio is given as 3

Cost of goods sold = $5,000

Current assets = $1,800

Quick ratio= 1.5

Current ratio= current assets/ current liabilities

3= 1,800/ current liabilities

Current liabilities= 1,800/3

Current liabilities= $600

Quick ratio= Cash and Receivables/ Current liabilities

1.5= Cash and Receivables/600

Cash and Receivables= 600* 1.5= $900

Current asset= Cash and Receivables + Inventory

1,800= 900+ Inventory

Inventory= 1,800-900

Inventory= $900

Inventory turnover= Cost of goods sold/ Inventory

Inventory turnover= 5,000/900

Inventory turnover= 5.5 times

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Answer:

are higher than average, because the job sector is rapidly growing.

Explanation:

Compared to other industries, salaries for technology-related jobs: "are higher than average, because the job sector is rapidly growing."

This is evident in the fact that virtually every industry makes use of technological equipment or operations to enhance their services or manufacturing products.

Hence, with the increase in job markets or rapid growth in the job sector, employers are trying to acquire and retain the best employees in the technology-related industry by paying more than the average.

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3 years ago
In a population of 100 individuals, we have 25 people that are homozygous AA, 50 people that are heterozygous Aa, and 25 people
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Answer:

50 A alleles

Explanation:

Since the question only wants information regarding the homozygous AA group, the information pertaining the other two groups may be disregarded.

Each individual with the AA genotype has two A alleles. Therefore, if there are 25 individuals that are homozygous AA, the number of A alleles in this group is:

n = 25*2=50\ A\ alleles

There are 50 A alleles in in the homozygous AA group.

6 0
2 years ago
Based on the following passage, what force can you infer is responsible for causing an implosion if not pressure?
vova2212 [387]
The correct should be 3 or 4 im not exactly sure they both have to do with force
3 0
3 years ago
Read 2 more answers
Jade puts a picture of a collection of rare sports memorabilia up for bids on BuyBay, an Internet auction site. Khalil makes the
tankabanditka [31]

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cyber fraud.

Explanation:

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For a typical firm, which of the following sequences is CORRECT? All rates are after taxes, and assume that the firm operates at
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Answer:

a. re > rs > WACC > rd.

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Re represents cost of equity

Rs represents cost of retained earnings

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