Perez Corporation has the following financial data for the years 20X1 and 20X2: 20X1 20X2 Sales $ 3,472,500 $ 4,462,500 Cost of
goods sold 2,546,500 3,570,000 Inventory 463,000 595,000 a. Compute the inventory turnover for each year using the formula Sales/Inventory. (Round your answers to 2 decimal places.) b. Compute inventory turnover based on an alternative calculation that is used by many financial analysts, Cost of goods sold/Inventory, for each year. (Round your answers to 2 decimal places.)
1 answer:
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Consider the attached figure. The whole rectangle is ABCD, while AEGF is the part located in the third quadrant. In fact, this quadrant is composed by all the points with both coordinates negative.
To answer the question, let's compute the area of the two rectangles and see what part of ABCD is AEGF.
A and B have the same x coordinate, so the length of AB is given by the absolute difference of their y coordinates:
Similarly, but exchanging the role of x and y, we compute the length of BC:
So, the area of the rectangle is
The same procedure allows us to compute width and height of the sub-rectangle in the third quadrant:
So, the area of the portion located in the third quadrant is
This means that the ratio between the two area is
If we want this ratio to be a percentage, just make sure that the denominator is 100:
The car takes the time 5.5 hours i.e.5 hours and 30 minutes to travel 462 kilometres when the car travels at average speed of 84 kilometres per hour
Given the average speed of the car is 84 kilometres per hour and the distance to be travelled is 462 kilometres and asked to find the time taken for the journey of 462 kilometres
To calculate the time taken for the journey we use the below-mentioned formula
(speed)×(Time taken)=distance
Time taken=
Time taken=5.5 hours i.e.5 hours and 30 minutes
As a result, the time spent on the car journey is 5.5 hours
Hence, It takes the time 5hours and 5 minutes to travel 462 kilometres
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