Compute ratio data to evaluate operations

Assignment Help Financial Accounting

Reference no: EM13746440

(Learning Objective 4: Compute ratio data to evaluate operations) Cola Company made sales of $35,376 million during 2012. Cost of goods sold for the year totaled $15,437 million. At the end of 2011, Cola’s inventory stood at $1,672 million, and Cola ended 2012 with inventory of $1,908 million.

Compute Cola’s gross profit percentage and rate of inventory turnover for 2012.

Reference no: EM13746440

Questions Cloud

Tax deductible : Kim’s expected cash payment to a seller is $500,000 and her marginal tax rate is 40%. Kim will receive tax savings from the payment (if there are any) at the time of the payment. What is Kim’s ATCF if the payment is 50% tax deductible?

Components of internal control : (Components of internal control) The chapter identified five components of internal control. Listed below are specific control policies and procedures prescribed by Suntron Company. dentify the components of internal control to which each policy or p..

Direct labor was conversion cost : In September direct labor was 40% of conversion cost. If the manufacturing overhead for the month was $66,000 and the direct materials cost was $20,000, the direct labor cost was: $13,333 $44,000 $99,000 $30,000

Estimate ending inventory by the gross profit method : (Learning Objective 5: Estimate ending inventory by the gross profit method) Federal Technology began the year with inventory of $315,000 and purchased $1,820,000 of goods during the year. Sales for the year are $3,920,000, and Federal’s gross profit..

Compute ratio data to evaluate operations : (Learning Objective 4: Compute ratio data to evaluate operations) Cola Company made sales of $35,376 million during 2012. Cost of goods sold for the year totaled $15,437 million. At the end of 2011, Cola’s inventory stood at $1,672 million, and Cola ..

Prepare a power point presentation coral reefs : Prepare a Power Point Presentation Coral Reefs

Unmodified opinion exists in the engagement : Jeff Johns is a staff accountant and has been assigned to the audit of Worldwide Enterprises, Inc. Subsequent to the completion of field work; Jeff was assigned to draft the audit report. Based on the contents of the paragraph above, which condition ..

Companies that have accelerated month-end closing process : Use the internet to research at least two (2) companies that have accelerated the month-end closing process or have performed a virtual close. identify atleast 3 benefits afforded to the users of the financial statements and the company of accelerati..

Determine the size of the kanban : Maggie Moylan Motorcycle Corp. uses kanbans to support its transmission assembly line. Determine the size of the kanban for the mainshaft assembly and the number of kanbans needed.

User Account

All Pages