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4 years ago

Based on the following data for the current year, what is the inventory turnover?

Business

1 answer:

GenaCL600 [577]4 years ago

3 0

Answer:

The answer is D.

Explanation:

Inventory turnover is a measure of the number of times inventory is being sold or used during a given period of time.

A high inventory turnover means a company is selling goods very quickly and that demand for their product exists. Low inventory turnover means weaker sales and ing demand for a company's products.

Inventory turnover = Cost of goods sold/Average inventory

Average inventory is:

($110,000 + $90,000)/2

=$100,000

Therefore, inventory turnover ratio:

$270,00//$100,000

2.7

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Oil Services Corp. reports the following EPS data in its 2017 annual report (in million except per share data). Net income $1,82

m_a_m_a [10]

Answer:

15.2million dilutive shares

Explanation:

Calculation to determine How many weighted average shares were dilutive in 2017.

First step is to calculate the Basic EPS using this formula

Basic EPS= Net income -Basic

Let plug in the formula

Basic EPS= $1,827 /$1.56

Basic EPS=$1,171.2 million

Second step is to calculate the Diluted EPS

Diluted EPS =$1,827 million / $1.54

Diluted EPS = $1,186.4 million.

Now let calculate How many weighted average shares were dilutive in 2017

2017 Diluted weighted average=$1,186.4 million - $1,171.2 million.

2017 Diluted weighted average= 15.2million dilutive shares

Therefore How many weighted average shares were dilutive in 2017 is 15.2 million dilutive shares

6 0

4 years ago

When should you use the "Reply All" function when replying to an email?

Orlov [11]

Reply all?..............

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3 years ago

Read 2 more answers

Why do people donate to charitable organizations? Check all that apply.

lutik1710 [3]

Explanation:

The act of helping others, donating to charity, or volunteering your time, will give you an improved sense of wellbeing. The knowledge that you've sacrificed time and/or money in order to help others in need or create positive change in the world is a beautiful thing. Your monetary donations can go to causes that promote better health, fund medical research, stock food banks or support organizations that fight poverty. Investing in charities is like making an investment towards a better future for your employees and your business

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3 years ago

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Credit reports are viewed by?

Umnica [9.8K]

Answer:

bank tellers i think

Explanation:

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4 years ago

Which of the following statements about conflict is most accurate? Conflict generally occurs between competitive individuals and

MAVERICK [17]

The correct answer is B. Conflict is a normal part of everyday workplace.

Explanation

Conflict is the term to refer to the situation in which two or more people disagree on any matter, that is, they have different points of view on the same thing and neither of them gives in or agrees to negotiate mediation on such matters. affair. This is due to the diversity of likes, thoughts, beliefs, preferences of people that influence their actions in daily life. According to the above, in a workplace, it is very common to find conflict situations because different people are working on the same issues and each one has specific considerations of how it would be better to do things; however, this does is not necessarily negative or reduces productivity; indeed, conflict can lead to negotiation, cooperation and new ideas. So, the correct answer is B. Conflict is a normal part of everyday workplace.

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3 years ago