Answer:
a. 2.63
b. 139 days
Explanation:
a. Inventory Turnover is a ratio that measures how often inventory is replaced by a company. A higher ratio is good because it means that the company is selling more.
Formula;
= 
= 
= 
= 2.63
b. Days in Inventory refers to the amount of time that stock remains in the company before it is sold. This is preferred to be lower as opposed to higher.
= 
= 
= 138.78
= 139 days
Answer:
a. Profit margin of store = 1.5%
a. Profit margin of child is $3 because store is making 1.5% profit margin.
b.Return on equity ( store) = 9%
Explanation:
As we know that: Profit margin= (Operating income / Revenue ) * 100
= 10.2 / 680 * 100
= 1.5% ( Store)
Profit margin (child) =
ROE=?
Accounting equation: Assets = liabilities + equity
380- 270 = Equity
Equity = $110 (million)
As we know that: Return on equity = Net income / Shareholder equity
= 10.2 / 110
= .09 or 9%
I think Campbell should face the competition by just focusing only on their business. They should focus on how to provide a better quality soup business to their customers. They should make their customers feel very satisfied and happy. They should face the competitors by providing the customers good quality soup and also at a less price than that of the competitors.
This will help in attracting many customers and the customers will feel very happy coming to such a business where they get these benefits.
Thus, the best way to face any competition is to make yourself better enough in comparison to other competitors so that the soup business doesn't have to do anything to attract customers. Customers should come by their own willingness.
This will surely help Campbell to remain at the top of the business and earn more and more and achieve its goals and objectives.
Learn more about the soup business at
brainly.com/question/17130040
#SPJ4
Answer:
The correct answer is B.
Explanation:
Giving the following information:
Uptown Athletic had an inventory of $400,000. During the year, the company purchased goods costing $1,500,000. If Uptown Athletic reported ending inventory of $500,000 and sales of $2,000,000.
Cost of goods sold= beginning inventory + purchase - ending inventory
COGS= 400,000 + 1,500,000 - 500,000= 1,400,000
Sales= 2,000,000
COGS= 1,400,000
Gross profit= 600,000 30%
