Dollar General Corporation operates general merchandise stores that feature quality merchandise at low prices. All stores are located in the United States, predominantly in small towns in 24 midwestern and south eastern states. In the current year, the company reported average inventories of $ 1,668 million and an inventory turnover ratio of 8.0.
Fixed assets turnover ratio = 9.04 Net sales / Avera.
This ratio divides net sales by net fixed assets, calculated over an annual period. The net fixed assets include the amount of property,
Using Fixed Assets turnover ratio, we can find the net sale
Fixed Assets turnover = Net sale/Average fixed assets
$ 2,098 Net sale/1218674000
Net sale is=$ 2,098 × 1218674000
Net Sales is=$ 9.140.055000
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Answer:
The number of days' sales in receivables for Year 2 is 48.7
Explanation:
The formula that is applicable to this scenario is the accounts receivable divided by sales multiplied by 365 days
The number of days' sales in receivables=$11,000/$82,500*365=48.67
The correct option is D, since the 48.67 was simply rounded down to one decimal place.
I'm going to use A B C going down from "prevents detects(A).... to protects consumers(D)"
A-Dodd Frank Act
B-Patriot act
C-identity theft and assumptions
D-Credit card act
