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storchak [24]
3 years ago
15

A manufacturing company producing medical devices reported $59 million in sales over the last year. At the end of the same year,

the company had $16 million worth of inventory of ready-to-ship devices. (Round your answer to 1 decimal place.) Assuming that units in inventory are valued (based on cost of goods sold) at $500 per unit and are sold for $1750 per unit, what is the company's annual inventory tumover
Business
1 answer:
kaheart [24]3 years ago
4 0

Answer:

The inventory TO is 3.6875

Explanation:

\frac{Sales}{Average Inventory} = $Inventory Turnover

​where:

$$Average Inventory=(Beginning Inventory + Ending Inventory)/2

Considering there is not sufficient information to calculate the begining inventory <u>we are going to work only with the ending inventory </u>so:

\frac{59,000,000}{16,000,000} = 3.6875

The inventory TO is 3.6875 This means the company sales their inventory almost 4 times per year.

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Answer:

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Answer:

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3 years ago
We have the following CAPM E(Ri) = .06 + .08 Beta; a) If Stock X has a beta of 2, what is the required rate of return? b) If we
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Please kindly go through explanation for the answers.

Explanation:

A)The required return if Beta is 2 = 0.06+0.08*2 =0.22

B)Here Rf = 0.06

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