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SIZIF [17.4K]
3 years ago
8

Re-Up Enterprises has sales of $926,355, costs of goods sold of $613,500, inventory of $189,880, and accounts receivable of $78,

580. How many days, on average, does it take the firm to sell its inventory assuming that all sales are on credit?
Business
1 answer:
densk [106]3 years ago
6 0

Answer:

=112.785

Explanation:

Average days in inventory is financial ratio that shows the average number of days a company takes to turn its inventory.

The formula for calculating the average days in inventory is as below.

Days in inventory = Average inventory /cost of goods sold x 365

for Re-UP Enterprises: average inventory = $189,880

cost of goods sold =$613,500,

Days in inventory

= $189,880/613,000 x 365

=0.309 X 365

=112.785

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8 0
3 years ago
Mann Corporation has been investing $18,000 for the last four years in an investment scheme that will mature at the end of the c
inysia [295]

Answer:

c. lump-sum amount

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Lump-sum amount -

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5 0
3 years ago
A company reports the following:
fredd [130]

Answer:

a. 15 times

b. 24.3 days

Explanation:

The computation is shown below:

a. Accounts receivable turnover

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= 365 days ÷ 15 times

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3 years ago
A seasonal index for a monthly series is about to be calculated on the basis of three​ years' accumulation of data. The three pr
Vika [28.1K]

Answer:

A. 0.684

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The purpose of using a seasonal index is to show the relationship between the two values, and the degree to which the two values are different.

The seasonal index can be calculated as the latest value for a period divided by the average of all periods.  Therefore, we have:

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3 years ago
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sukhopar [10]
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6 0
3 years ago
Read 2 more answers
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