Answer:
C) a physical inventory is taken at the end of the period
Explanation:
Under the periodic inventory system, the cost of goods sold is determine at the end of the accounting only after a physical count of the inventory has been made. It requires to physically count the units held in inventory to determine how many were actually sold.
On the other hand, a perpetual inventory system continuously discloses the amount of inventory.
Like I’m going to increase my production by 100%
Answer:
2.4
Explanation:
Jones Company's total current assets = $600 (cash) + $500 (accounts receivable) + $100 (Office supplies) = $1,200
total current liabilities = $300 (accounts payable) + $200 (salaries payable) = $500
current ratio = $1,200 / $500 = 2.4
the current ratio measures a company's short term liquidity, or its ability to generate enough cash to pay its short term debts.
Answer:
ROE=24.2%
Explanation:
DuPont Analysis
Return on Equity = Leverage Ratio x Net profit margin x Total asset turnover
ROE = 2.2 * 5.5% * 2.0
ROE=0.242
ROE = 24.2%