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belka [17]
4 years ago
11

Financial statement data at December 31 for Ecco Company are shown below. Cost of merchandise sold $552,500 Inventories: Beginni

ng of year 200,000 End of year 140,000 Determine inventory turnover for the year. a.1.63 b.2.76 c.3.95 d.3.25
Business
1 answer:
Lostsunrise [7]4 years ago
3 0

Answer:

Inventory turnover= 3.25

Explanation:

Giving the following information:

Cost of merchandise sold $552,500

Inventories:

Beginning of year 200,000

End of year 140,000

<u>To calculate the inventory turnover, we need to use the following formula:</u>

Inventory turnover= Cost of goods sold/ average inventory

Average inventory= (beginning inventory + ending inventory) / 2

Average inventory= (200,000 + 140,000)/2= 170,000

Inventory turnover= 552,500/170,000

Inventory turnover= 3.25

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Time Warner Inc. is a leading media and entertainment company with businesses in television networks, filmed entertainment, and
ehidna [41]

Answer and Explanation:

a. The cash flow from operating activities using the indirect method is

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Add: Depreciation, amortization, and impairments $34,790

Add: Decrease in receivables $1,245

Less: Increase in inventories -$5,766

Less: Decrease in accounts payable -$445

Net cash flow from operating activities $16,442

b. The reasons for net loss but positive cash flow from operations are

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8 0
3 years ago
Which consideration is of least importance in an individual’s basic wealth protection?
Levart [38]
<span>income tax reduction. hope it helps</span>
5 0
4 years ago
Read 2 more answers
Opponents of free trade zones might use this map to argue that free trade. What is this map?
Elena-2011 [213]

Answer:

Map of Colonial empire in 1945.

Explanation:

The map that is talked about here is the map of the colonial empire in 1945. It was the end of World War II, and there arose a conflict in export and import of goods and services between various nations. Free trade encouraged the greater mobility of goods where people might use the above-mentioned map to draw and redraw their boundaries.

8 0
4 years ago
Yolanda manages a Best Sleep Inn along an interstate highway. She knows from experience that 5 to 10 last-minute customers will
Studentka2010 [4]

Answer:

<em>Perishable </em>

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6 0
3 years ago
On March 1 the price of a commodity is $1,000 and the December futures price is $1,015. On November 1 the price is $980 and the
stich3 [128]

Answer:

$1,014

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