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
shutvik [7]
3 years ago
11

Use the following information:Net sales $ 240,000Cost of goods sold 172,000Beginning inventory 53,000Ending inventory 43,000Calc

ulate the inventory turnover ratio.
Business
1 answer:
mr_godi [17]3 years ago
5 0

Answer:

The inventory turnover ratio is 3.58 times

Explanation:

Inventory turnover ratio an efficiency ratio that indicates how many times a company sells and replaces its stock of goods during a particular period

Inventory turnover ratio is calculated by using following formula:

Inventory turnover ratio = Cost of Goods Sold/Average Inventory

In there:

Average Inventory = (Beginning inventory + Ending inventory)/2

In the company:

Average Inventory = ($53,000 + $43,000)/2 = $48,000

Inventory turnover = $172,000/$48,000 = 3.58 times

You might be interested in
The price that is set by the interaction of supply and demand for product is called the market price , true or false?!
DerKrebs [107]
 would say that it is true. But I'm not completely sure
5 0
3 years ago
Read 2 more answers
5. Based on information presented in the video, construct an argument that defends the idea that we should not lower taxes for t
Oksanka [162]

Answer:

We should not lower taxes for the wealthiest Americans because they own and run a lot of companies and businesses that we use. Lower income Americans want their leaders to understand or know what it’s like to be less wealthy so they’ll be more sympathetic towards lower income people and won’t do everything out of the want for more money. If they have to pay lower taxes, then that takes away from their ability to sympathize with lower income homes, and that would upset a lot of people.

6 0
3 years ago
Pops' owners and managers use the company's income statement to ultimately determine the company's _________.
Thepotemich [5.8K]

​POPS' owners and managers use the​ company's income statement to ultimately determine the​ company's <u>double </u><u>bottom line</u>.

More about income statement:

One of the three financial statements on which stock investors rely is the income statement. (The balance sheet and cash flow statement round out the list.) Investors who wish to evaluate a company's profitability and potential growth must comprehend an income statement.

Morea about double bottom line:

By adding a second bottom line to gauge a for-profit company's success in terms of its positive social impact, the double bottom line (also known as 2BL or DBL) tries to expand the traditional bottom line, which assesses fiscal performance and accounts for financial profit or loss.

Learn more about bottom line here:

brainly.com/question/3900120

#SPJ4

8 0
1 year ago
Which of the following statements about fluctuating exchange rates and the related effects on companies competing in foreign mar
Elan Coil [88]

C. Companies that are manufacturing goods in a particular country and are exporting much of what they produce lose out when that country's currency grows weaker relative to the currencies of the countries that the goods are being exported to

Explanation:

Fluctuating exchange rates will cause companies that are manufacturing goods in a particular country and are exporting much of what they produce to lose out when that country's currency grows weaker relative to the currencies of the countries that the goods are being exported to.

  • If the currency of a country weakens compared to that of another country, the exchange power of such currency reduces.

It simply implies that more of the weak currency will have to be exchange for little of the stronger one.

  • In this context, comparison is drawn between exchange rates and companies in foreign markets.
  • For companies manufacturing their goods locally and exporting them, they have to pay more using their weak local currency to source for raw materials.
  • This will eventually tell on the cost of production of the goods.
  • To measure up, selling price of the exports will increase.
  • This can dissuade potential buyers from patronizing them in the foreign market. .
  • if they decide to keep selling at the previous price, loss can set in.

Learn more:

Inflation brainly.com/question/10432342

#learnwithBrainly

4 0
3 years ago
Read 2 more answers
Why is it important to consider the apr when comparing credit card offers?
Elena-2011 [213]

Answer:

because it can give you a good idea of how much you'll pay to take out a loan.

Explanation:

7 0
2 years ago
Other questions:
  • Masterson Company's budgeted production calls for 66,000 units in April and 62,000 units in May of a key raw material that costs
    6·1 answer
  • What is code of conduct in hospitality?​
    15·2 answers
  • Ski Market sells snowboards. Ski Market knows that the most people will pay for the snowboards is $129.99. Ski Market is convinc
    6·1 answer
  • The CEO and his top managers have asked themselves two important​ questions: a. do customers value what the company is​ providin
    11·1 answer
  • On January 1, 20Y2, Hebron Company issued a $175,000, five-year, 8% installment note to Ventsam Bank. The note requires annual p
    12·1 answer
  • One year ago, you purchased $6,000 worth of a mutual fund at an offering price of $38.10 a share. Today, the fund distributed $0
    7·1 answer
  • Rachel entered into a contract to purchase a 2004 Dodge from Hanna, who lived in the neighboring apartment. When a dispute arose
    9·1 answer
  • When dragons on planet Pern lay eggs, the eggs are either green or yellow. The biologists have observed over the years that 26%
    8·1 answer
  • If I am convinced that my own neighborhood is safer than it used to be, but that the crime rate in my society is at an all-time
    13·2 answers
  • Which product would be considered part of the business-to-business market?
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!