Answer:
B) cost of merchandise sold divided by average inventory.
Explanation:
Inventory turnover: It is a liquidity ratio that measures the number of times on average a company sold or replaced its inventory during the period. Computed as the cost of goods sold / by the average inventory on hand during the period. Analysts compute average inventory from the beginning and ending inventory balances. The ideal inventory turnover ratio is about 4 to 6, it is a rate at which restock item is well balanced with the sold inventory.
Answer:
(i know this is late) im taking the test on plato and I think it's a hydrologist
Explanation:
I don’t know the answer but I need points thank you and good luck
Answer:
Hoosier does not adjust its E&P for the stock dividend because it is not taxable to the shareholders.
Explanation:
Hoosier does not adjust its E&P for the stock dividend because it is not taxable to the shareholders. This conclusion is based on the definition of taxable dividends.
Answer:
The question is missing cash value to the tune of $39200.00
The statement of goods manufactured schedule has $400,620.00 as the costs of goods manufactured
Secondly, the income statement has $ 77,380.00 as gross profit.
Lastly, the balance sheet has total current assets as $165,100.00.
Find details in the attached excel file.
Explanation:
Please note that items relating net income were omitted as there was no requirement to calculate net income for the year,only gross profit is required.
