Answer:
Higher
Explanation:
The formula to compute the inventory turnover ratio is show below:
= Cost of goods sold ÷ average inventory
where,
Average inventory = (Opening balance of inventory + ending balance of inventory) ÷ 2
It shows a relation between the cost of goods sold and the average inventory which is shown above.
The more long sales request will higher the inventory turnover ratio and therefore inventory turnover ratio is performing better
To put the question simply, we need to find out what the value of 23% of $1,595 is: $1,595 / 100 = 15.95 x 23 = $366.85. So, $366.85 is deducted. Hope this helps!
Answer:
4.20%
Explanation:
The zero-coupon bond now 14 years left before maturity,which means that we need to compute the price with 14 years maturity and interest rate of 9% per year in order to determine the total return on the bond over a year period.
Price of the bond=present value of face value of $1000
9% annually while 4.5% is the semiannual yield
the bond has 28 semiannual periods in 14 years
price of the bond today=$1000/(1+4.5%)^28=$291.57
return over a year=($291.57-$279.83)/$279.83=4.20%
