Compute the company inventory turnover ratio

Assignment Help Financial Accounting
Reference no: EM132765216

Question - A company's sales equal $60,000 and cost of goods sold equals $20,000. Its beginning inventory was $1,600 and its ending inventory is $2,400. Compute the company's inventory turnover ratio?

Reference no: EM132765216

Questions Cloud

Contact person for quality improvement program : Identify a contact person for the quality improvement program at a long-term care facility in your geographic area.
What will be the net dollar savings over the year : If effective annual interest rate on this loan is 12%, what will be net dollar savings over year by borrowing and then taking the discount on the materials
Midst of developing foundations for the young : In the midst of developing foundations for the young, promising, and necessary field of global leadership,
Compare different theories of management in healthcare : Compare and contrast the different theories of management in healthcare. Is there one theory that is better suited than another? Why?
Compute the company inventory turnover ratio : Its beginning inventory was $1,600 and its ending inventory is $2,400. Compute the company's inventory turnover ratio
Explain plan for evaluating proposed nursing intervention : Discussion of how evidence-based practice was used in creating the intervention plan. Plan for evaluating the proposed nursing intervention.
Centers for disease control and prevention : According to the Centers for Disease Control and Prevention (CDC) (2007), the average length of stay in 2005 for all inpatients in a hospital was 4.8 days
How the intervention would be evaluated : Create a professional presentation of your evidence-based intervention and change proposal to be disseminated to an interprofessional audience of leaders.
How much would you need to invest today : You estimate that you will need $80,000 in 18 years. You can earn 8% compounded annually. How much would you need to invest today

Reviews

Write a Review

Financial Accounting Questions & Answers

  Financial statement analysis and preparation

Financial Statement Analysis and Preparation

  Shareholder of a company

Describe the ways that a person can become a shareholder of a company. Why Wal-Mart would split its stock?

  Financial and accounting principles

An understanding of financial and accounting principles can be a valuable tool for managers. While not all managers will find themselves calculating financial ratios or preparing annual financial data.

  Prepare a statement of cash flow using the direct method

Prepare a Statement of Cash Flow using the Direct Method and Prepare the Operations section of the Statement of Cash Flow using the Indirect Method.

  Financial accounting assignment

This assignment has one case study and two question apart from case study. Questions related to document Liquidation question and Company financial statements question - Torquay Limited

  Prepare general journal entries for goela

Prepare general journal entries for Goela Ltd

  Principles of financial accounting

Prepare the journal entry to record the acquisition of the assets.

  Prepare general journal entries to record the transactions

Prepare general journal entries to record the transactions, assuming use of the periodic inventory system

  Global reporting initiative

Compare the view espoused by the economist Milton Friedman about the social responsibilities of business with the views express by Stigler.

  Explain the iasb conceptual frameworks

Explain the IASB Conceptual Framework's perspective of users and their decisions.

  Determine the company''s financial statements

T he focus of the report is to determine the extent to which you are comfortable relying on the financial statements as presented by management .

  Computation of free cash flow

Computation of Free Cash Flow

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!

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