1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
stellarik [79]
3 years ago
14

Net sales $410,660 Cost of goods sold (purchased items) $102,500 Net income after taxes $ 45,415 Current assets $299,665 Current

liabilities $276,230 Avg. inventory value $ 91,620 Find out the inventory turnover from the information provided above. Group of answer choices 1.1 0.3 1.6 0.9 Do not have enough information to compute
Business
1 answer:
I am Lyosha [343]3 years ago
4 0

Answer:

1.1 times

Explanation:

The formula to compute the inventory turnover ratio is shown below:

Inventory turnover ratio =  Cost of goods sold ÷ average inventory

                                        = $102,500 ÷  $91,620

                                        = 1.12 times

Since the average inventory is given so there is no need to find out. We simply apply the formula which is presented above.

Moreover, it shows a relationship between the cost of goods sold and the average inventory

You might be interested in
Choosing a differentiated targeting strategy has many​ benefits, but a potential downside is that​ __________.
Nesterboy [21]
<span>it requires a company or individual divide resources on multiple targets rather than one. Therefore, one must use these resources more efficiently because he or she is using the same amount, usually concentrated on one target, on multiple. A company should only use this strategy if it is extremely confident in its ability to market simultaneously to multiple groups.</span>
4 0
3 years ago
You are faced with the following alternative choices on Saturday afternoon. You can only do one of these activities. None of the
garri49 [273]

Answer:

Missing out on the benefits I get from working out using exercise equipment in my garage.

Explanation:

When an option is chosen from alternatives, the opportunity cost is the "cost" incurred by not enjoying the benefit associated with the best alternative choice. The New Oxford American Dictionary defines it as "the loss of potential gain from other alternatives when one alternative is chosen." Since Choice B is the next best choice to hiking, missing out on the benefits of working out will be my opportunity cost.

3 0
3 years ago
Through coordinating partnerships with dedicated suppliers, Warby Parker have ensured quality, built a lean manufacturing operat
Sedbober [7]

Answer:

B. Profit / Economic

Explanation:

The triple bottom line addresses three factors that a socially responsible company must adhere to. The People / Social factor discusses the importance of the social needs of the customers which the customer must fulfill. The Planet / Environment factors are the factors that discusses about the responsiblity of the company to manufacture environmental friendly products that do not harm the environment and is sustainable. The Profit / Economic factor is one of the three factor which company must try to earn profit to keep the business running and thus benefits by earning profit to a lot of stakeholders.

The quality product is a reason why the customer prefer the company's product which helps the company in making profit. So the profit / economic factor is the right option.

6 0
3 years ago
External factors in a SWOT analysis include the strengths and weaknesses of an organization.
Katarina [22]

Answer:

False

Explanation:

External factors in a SWOT analysis does not include the strengths and weaknesses of an organization.  The full meaning of SWOT stands for Strengths, Weaknesses, Opportunities, and Threats. The Strengths and weaknesses are internal factors to an organization as they have management control over it and can be modify as well.

4 0
2 years ago
Which of the following best approximates a pure monopoly? rev: 05_15_2018 Multiple Choice
goldfiish [28.3K]

Answer:

3) The only bank in a small town

Explanation:

By definition a monopoly occurs when there is only one supplier in the market for a specific good or service. In this case, if there is only one bank that works in a small town, then that bank has a monopoly of all the town's residents that require banking services. If any resident doesn't like that specific bank, they need to go to another town in search for banking services.

5 0
2 years ago
Other questions:
  • Jamal has been tasked with putting together a new team for a new Starbucks project line. As Jamal thinks through the components
    14·1 answer
  • Each of the following functional areas would typically be included within logistics EXCEPT:
    6·1 answer
  • The primary of financial reporting is to provide financial information about companies that is useful to capital providers for d
    7·1 answer
  • Mike started a calendar year business on September 1st of this year by paying 12 months rent on his shop at $1,000 per month. Wh
    10·1 answer
  • A ceiling fan that was purchased at a local hardware store and then is attached to the ceiling becomes _______ to the property.
    7·1 answer
  • Cat's Coaster Company uses cork in all of the protective drink coasters that it manufactures. If Cat's enters into an agreement
    12·1 answer
  • At the end of the current year, the accounts receivable account has a debit balance of $2,950,000 and sales for the year total $
    7·1 answer
  • A country has constant opportunity cost of production. If they devote all of their resources to the production of blankets they
    13·1 answer
  • On-shelf in stock percentage best describes a product availability metric for a ______.
    11·1 answer
  • According to this credit report, how many accounts has Lillie had sent to collections?
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!