Answer:
The correct answer is B.
Explanation:
Giving the following information:
Year 2 Year 1
Net sales $651,500 $583,700
Cost of goods sold 389,300 360,920
Ending inventory 78,500 80,180
To calculate the inventory turnover, we need to use the following formula:
Inventory turnover= Cost of goods sold/ average inventory
Average inventory= (beginning inventory + ending inventory) / 2
Average inventory= 158,680/2= 79,340
Inventory turnover= 389,300/79,340
Inventory turnover= 4.91
In the given question GP ratio will be 53.4%
Here Net sales= 296000 $
Cost of goods sold= 138000 $
average inventory= 50000 $
Gross profit= Net sales- Cost of goods sold
=296000-138000
=158000
Formula for calculating Gross profit ratio is:
Gross profit/ Net sales *100
= 158000/296000*100
=53.4%
Gross profit ratio is a financial ratio which measures the performance and efficiency of a business by dividing its gross profit by the total net sales. The gross profit ratio can also be expressed in the form of percentage by multiplying the result by 100.
To know more about GP ratio here:
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Answer:
Check the explanation
Explanation:
What would be the market prices <em><u>(which is the current or present price at which services or goods can be purchased/procured or sold. In the financial markets, the market price can adjust so rapidly which is mostly how people change their bid or the way they offer prices, or as buyers hit the offer or as sellers hit the bid.) </u></em>for both bond on the day can be seen in the attached images below:
C because it makes you seem the most likeable
Answer:
The correct answer is the option E: consumers are encouraged to buy domestically produced goods.
Explanation:
To begin with, in order to the economy to grow the country must encourage the consumers to buy more domestically produced goods so that the when the demand increases so does that income of the firms and that impacts in the demand that the companies do as well. Therefore that the country, and that is, the firms and the government, should encourage the increase of consumption from the buyers in order to intend to experience an economic growth.
