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Gala2k [10]
3 years ago
6

Samson, Inc. had the following balances and transactions during​ 2019: Beginning Merchandise Inventory 10 units at $ 94 March 10

Sold 8 units June 10 Purchased 20 units at $ 100 October 30 Sold 14 units What is the balance of the​ company's Merchandise​ Inventory, as disclosed in the December​ 31, 2019 balance sheet as per the periodic FIFO inventory costing​ method?
Business
1 answer:
lubasha [3.4K]3 years ago
3 0

Answer:

The answer is attached;

Explanation:

Download xlsx
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Last year, Capriana Corporation (CC) had sales of $200 million, and its inventory turnover ratio was 5.0. The CC’s current asset
Brilliant_brown [7]

Answer:

quick ratio  = 0.72

Explanation:

given data

sales = $200 million

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current assets totaled = $100 million

current ratio = 1.2

solution

we get here quick ratio so here

inventory turnover ratio = \frac{sales}{inventory}   ...............1

put here value

inventory = \frac{200}{5}

inventory = 40

and

now we get current liability

current ratio = \frac{current\ assets}{current\ liability}   ...............2

put here value

current liability = \frac{100}{1.20}

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