User Account

All Pages

Calculate the average inventory

Assignment Help Accounting Basics
Reference no: EM131698559

Question: Average Inventory, Inventory Turnover Ratio, Inventory Turnover in Days Delater Company had sales of $3,948,340 and a gross margin of $1,859,260. Delater had beginning inventory of $53,420 and ending inventory of $62,640.

Required: 1. Calculate the average inventory.

2. Calculate the inventory turnover ratio.

3. Calculate the inventory turnover in days.

Reference no: EM131698559

Questions Cloud

Discuss study for videos and movies she has in class : Had everything in lecture on notecard she lets you have, is there a good way to study for videos and movies she has in class, just trying to get a fix
Five steps-processes or stages : Paraphrase translation in your own words clearly but concisely enough that someone could visualize what is happening. Include five steps, processes or stages.
Analyze why are business experiencing digital transformation : Analyze Why are businesses experiencing a digital transformation? Why are enterprises adopting cloud computing? What is the value of M2M technology?
Paraphrase dna synthesis : Paraphrase DNA synthesis (replication) in your own words clearly enough so that someone could visualize what is happening.
Calculate the average inventory : Average Inventory, Inventory Turnover Ratio, Inventory Turnover in Days Delater Company had sales of $3,948,340 and a gross margin of $1,859,260.
Discuss the united states in terms of terrorism : Radical Islam is widely perceived to be the greatest international threat to the United States in terms of terrorism
Discuss a viable threat to stability of the united states : Provide an opinion as to whether or not domestic terrorism is a viable threat to the stability of the United States
Examples of biochemical tests : Give two examples of biochemical tests and identify why the tests are used.
Pursue a strategy of related diversification : If your company opted to pursue a strategy of related diversification,

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd