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Elena-2011 [213]
4 years ago
12

Deere is a global manufacturer and distributor of agricultural, construction, and forestry equipment. Suppose it reported the fo

llowing information in its 2017 annual report. (In millions)
2017 2016 Inventories (LIFO) $2,267 $2,999
Current asset 32,910
Current liabilities 11,711
LIFO reserve 1,389
Cost of goods sold 15,661
Compute Deere inventory turnover for 2017 ratio.
Business
1 answer:
Sveta_85 [38]4 years ago
7 0

Answer:

5.95

Explanation:

Deere inventory turnover for 2017 ratio is:

Formula for Inventory Turnover Ratio= Cost of Goods sold / Average Inventory

Where Average Inventory = (Previous Inventory + Current Inventory) / 2

= ($2,267 + $2,999) / 2

=$5,266 / 2

=$2,633

Average Inventory = $2,633

Therefore, Inventory Turnover Ratio =  $15,661 / $2,633 = 5.9479 = 5.95

Deere Inventory Turnover for 2017 Ratio is  5.95.

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Control Inc. has no debt and a total market value of $100,000. EBIT are projected to be 6,000 if economic conditions are normal.
Zinaida [17]

Answer:

$3.12

Explanation:

For expansion:

EBT = EBIT - Interest

       = [6,000 + (30% × 6,000)] - $0

      = $7,800

Net income = EBT - Tax

                   = $7,800 - $0

                   = $7,800

Earning per share for the case of strong expansion period before any debt is issued:

= Net income ÷ Number of shares outstanding

= $7,800 ÷ 2,500

= $3.12

5 0
3 years ago
Stock may be described as:_________
nydimaria [60]

Answer:

a. an ownership interest in the corporation.

Explanation:

Stock refers to the stake of the owners of a corporation in the company.

It is sometimes referred to as shares or owner's equity and the owners of stock are called shareholders.

Stock therefore may be described as an ownership interest in the corporation represented as equity in the financial statement.

Option a is right.

5 0
4 years ago
select all of the following that are companies that paid dividends for 100 consecutive years. a. bp b. stanley works c. corning
nevsk [136]

The companies that paid dividends for 100 consecutive years is: b. Stanley Works c. Corning Glass Works, d. Pullman, Inc.

<h3>What is dividend?</h3>

Dividend can be defined as the money a company or an organization paid yearly to their shareholders and the money the company paid to their shareholders are  from the profit they make or generated.

Shareholders often invest their money in a business  or buy part of a company shares in which they in turn receive profit from the company they invested their money into.

Stanley Works, Corning Glass Works and Pullman, Inc. are the companies that has been paying dividend to their shareholders 100 consecutive years.

Therefore the companies that paid dividends for 100 consecutive years is: b. Stanley Works c. Corning Glass Works, d. Pullman, Inc.

Learn more about dividend here:brainly.com/question/2960815

brainly.com/question/3161471

#SPJ1

7 0
2 years ago
Why have many consumers changed their views about the value of online content so they are now willing to pay small fees?
satela [25.4K]

Answer:

The reason many consumers have changed their views about the value of online content so that they are now willing to pay small fees for it is that:

The costs and quality of online products and services compare with those in stores.  Since online transactions are relatively more secure than physical transactions, people are generally more willing to pay for the secured transactions offered online.

Explanation:

In the modern computer age, many products and services are now being offered online.  This makes the physical stores of yesteryears unnecessary.  People are even ready to pay some small fee to receive these goods and services through online transactions instead of visiting physical stores to pick their desired products and services.  This has reinforced online marketing and delivery of products and services.  Many companies are now jettisoning their physical stores to trade online.  And customers are finding the experience uplifting, secure, and satisfactory.  One can transfer money to distant suppliers of goods and services without leaving their offices and homes.  Overcrowding in banking halls and paper expenses are being avoided.  Banks are also reducing their physical infrastructure and personnel.  These are among the benefits of online content-based transactions.

8 0
3 years ago
Robert House believed that a leader cannot move back and forth among the four leadership styles: directive, supportive, achievem
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3 years ago
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