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lions [1.4K]
3 years ago
8

Asset management ratios Asset management ratios are used to measure how effectively a firm manages its assets, by relating the a

mount a firm has invested in a particular type of asset (or group of assets) to the amount of revenues the asset is generating. Examples of asset management ratios include the average collection period (also called the days sales outstanding ratio), the inventory turnover ratio, the fixed asset turnover ratio, and the total asset turnover ratio.
Consider the following case:_______.
Graham Pharmaceuticals has a quick ratio of 2.00x, $31, 500 in cash, $17, 500 in accounts receivable, some assets of inventory, total $70,000, and total abilities of $24, 500. The company reported annual sales of $100,000 in the most recent annual report, over the past year, how often did Graham Pharmaceuticals sell and replace its inventory?
a. 8.01 x
b. 5.24 x
c. 2.85 x
d. 4.75x
Business
1 answer:
emmasim [6.3K]3 years ago
4 0

Answer:

d. 4.75x

Explanation:

The computation is shown below:

Inventories = Total current assets - (Cash + Account receivable)

= $70,000 - ($31,500 + $17,500)

= $21,000

Now

Inventory turnover ratio = Sales ÷ Inventory

= $100.000 ÷ $21,000

= 4.76

hence, the correct option is d. 4.75x

The same is to be considered

We simply applied the above formula

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<u>Solution and Explanation:</u>

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Cash                                                           125000

(Being Record Down Payment)        

Dec 31, 2018  Amortization Expenses ($905861divide 10)  90586  

Accumulated Amortization                                           90586

(Being Record the amortization)        

Jan 5, 2019  Lease Payable (\$ 125000-\$ 62469) 62531  

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Cash                                                                              125000

(Being Record the Second Lease Payment)  

3 0
3 years ago
Which is a feature of a perfectly competitive market?
levacccp [35]

Answer: products are standardized or homogeneous

Explanation:

 Products are standardized or homogeneous for the perfectly competitive market as, in the case of the competitive industry there are no barriers in the industry to entry. The products are homogeneous in the nature and there is large numbers of the firms are perfectly substituted in the industry. So, the price elasticity of the demand for the firm product is infinite.

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3 years ago
What determines how the burden of tax is divided between buyers and sellers? Why?
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Answer:

Explanation:

Taxation is the means by which the government  gets most of its  revenue so it is the duties of private or publicly owned organizations and also the citizen to pay their taxes used by the government to fund all its projects. the taxes generated by the government are then divided among buyers and sellers.

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Answer:

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