Solution-Calculate the inventory turnover for each year

Calculate the inventory turnover for each year

Reference no: EM13949602

Suppose the R Son Company had a cost of goods sold of $1,000,000 in 2010 and $1,200,000 in 2011 Inventory 350000 In 2010 and 500,000 in 2011.

a) Calculate the inventory turnover for each year. Comment on your findings.

b) What would have been the amount of inventories in 2011 if the 2010 turnover ratio had been maintained?

Reference no: EM13949602

Questions Cloud

Perform vertical analysis on the income statements : Perform vertical analysis on the income statements and balance sheet information for fiscal periods 2014 and 2013 - Perform horizontal analysis on the income statements and balance sheet information

Prepare a report summarizing the two quality system : Prepare a report summarizing the two quality system and showing where they are similar and where they differ. Is there a "best" system for all organization? Discuss

Determine the total dividends paid to each class : Determine the total dividends paid to each class for the four years combined. (Omit the $ sign in your response.)

Problem regarding the piston-cylinder assembly : 1. A piston-cylinder assembly contains 0.1 lb of propane. The propane expands from an initial state where p1 5 60 lbf/in.2 and T1 5 30°F to a final state where p2 5 10 lbf/in.2 During the process, the pressure and specific volume are related by py2 5..

Calculate the inventory turnover for each year : What would have been the amount of inventories in 2011 if the 2010 turnover ratio had been maintained?

Temperature at which condensation first occurs : The temperature drops as a result of energy rejected by heat transfer to the surroundings. Determine the temperature at which condensation first occurs, in °C, and the fraction of the total mass that has condensed when the pressure reaches 5 bar. ..

Why that a factor in capacity planning : What is meant by capacity in chunk and why that a factor in capacity planning?

Sociologists study social phenomena : With all of this upheaval, it is not surprising that many sociologists are now researching and writing about terrorists, economic upheaval, and the loss of identity due to the loss of jobs.

Provide the consolidating worksheet adjusting entries : Provide the consolidating worksheet adjusting entries for 20x9 that deal with the impact of annual depreciation that occurs on the purchasing subsidiary books.

User Account

All Pages

Calculate the inventory turnover for each year

Reference no: EM13949602

Reference no: EM13949602

Questions Cloud

Reviews

Write a Review

Accounting Basics Questions & Answers

How much control does fed have over this longer real rate

Coures:- fundamental accounting principles

Accounting problems

Theory of interest - term structure of interest rates

Write a report on internal controls

Prepare the bank reconciliation for company

Cost-benefit analysis

Theory of interest

Liquidity and profitability

What is the expected risk premium on the portfolio

Simple interest and compound interest

Capm and venture capital

Assured A++ Grade

Academics

Major Subjects

Majors

Get In Touch

TERMS & POLICIES

HELP & SUPPORT