Answer:
6.896; 50.97
Explanation:
Average inventory = (Beginning inventory + Ending inventory) ÷ 2
= ($180,000 + $197,000) ÷ 2
= $188,500
Therefore,
Inventory Turnover ratio = (Cost of goods sold ÷ Average inventory)
= $1,300,000 ÷ $188,500
= 6.896
Days sales in inventory = 365 ÷ Inventory turnover ratio
Days sales in inventory= 365 ÷ 6.89
= 50.97
Answer:
An online retailer would on a balance of probability have a higher asset turnover than a brick-and-mortar retailer.
Explanation:
The reason is not farfetched. If done properly, an online retailer is most likely to succeed at reaching more customers and penetrating more markets.
The total population of active internet users is currently estimated at 4.5 Billion. For truly global products or retail outlets such as Amazon and Alibaba, this figure is staggering. It is impossible to compare a truly successful online retailer to a brick-and-mortar retailer whose market, at its best, covers only those within its locality.
So using online retail store such as Amazon as an example, they might have significant investment in online platforms, dedicated servers and warehouses, their turnover which as at 2019 stood at 4.5x is relatively strong.
The supply chain drivers which impact asset turnover are inventory, accounts receivables and facilities.
Cheers!
Answer and Explanation:
The computation of the dividend per share for each class of stock for four years are as follows
Preferred stock
= 25,000 shares × $25 × 3%
= $18,750
The dividend per share is
= $18,750 ÷ 25,000 shares
= $0.75
Now for the first year
= $7,250 ÷ 25,000
= $0.29
And the 0 is for Common stockholders
For the second year
Preferred stock
= $11,750 ÷ $25,000
= $0.47
And the 0 is for Common stockholders
For the third year
Preferred stock
= $0.46 + $0.28 + $0.75
= $1.49
And for the Common stockholders
= $27,900 ÷ 31,000 shares
= $0.9
For the fourth year
Preferred stock = $0.75
And, for the common stockholders
= $94,860 ÷ 31,000 shares
= $3.06
Call the bank and have them cancel the card
