Company gross profit ratio

Reference no: EM13150753

The Baldwin Wholesale Company began 2011 with inventory of $400,000 and ended the year with inventory of $500,000. The company's gross profit ratio is 25%, inventory turnover ratio is 2, and receivables turnover ratio is 4. Accounts receivable at the beginning of 2011 totaled $250,000.

Reference no: EM13150753

Questions Cloud

Difference between notes payable and notes receivable? : What is the difference between notes payable and notes receivable?

Find the expected value and standard error of sum : What is the value range for the sum of 400 draws (the possible lowest value and the largest value of the sum of 400 draws)? What is the expected value and standard error of the sum of 400 draws?

What bid price should you submit : No additional working capital is needed and no working capital will be returned. If your tax rate is 35% and you require a 14% return on your investment, what bid price should you submit?

Contribution margin per unit-carver company : Carver Company produces a product which sells for $40. Variable manufacturing costs are $18 per unit. Fixed manufacturing costs are $5 per unit based on the current level of activity, and fixed selling and administrative costs are $4 per unit.

Company gross profit ratio : The Baldwin Wholesale Company began 2011 with inventory of $400,000 and ended the year with inventory of $500,000. The company's gross profit ratio is 25%, inventory turnover ratio is 2, and receivables turnover ratio is 4. Accounts receivable at ..

How exactly would change affect long term economic growth : Suppose a society decided to reduce consumption and increase investment. How exactly would this change affect long term economic growth?

Forms a coordinate covalent bond with the c : Consider the following reactions and select the false statement below. CO2(g) + OH?(aq) ? HCO3?(aq) Cr3+(aq) + 6H2O(l) ? Cr(H2O)63+(aq) A. a lone pair of electrons on the OH?

Equivalence of moving average and exponentially weighted : Equivalence of moving average and exponentially weighted moving average control charts. Show that if l = 2/(w + 1) for the EWMA control chart, then this chart is equivalent to a w-period moving average control chart in the sense that the control l..

Figure effect size for study use steps of hypothesis testing : Use the steps of hypothesis testing, (b) figure the effect size for the study; and (c) explain your answers to parts (a) and (b) to someone who has never had a course in statistics.

User Account

All Pages