Solution-Determine for fy the inventory turnover ratio

Determine for fy the inventory turnover ratio

Assignment Help Managerial Accounting

Reference no: EM132622097

The following financial information is for Alpha Corporation are for the fiscal years ending 2017 & 2016 (all balances are normal)

Item/Account	2017	2016
Account Receivable	$9,800	$9,400
Inventory	30,000	16,000
Net Sales (all credit)	85,000	71,000
Cost of Goods Sold	62,000	52,000
Net Income	7,200	6,900

Question a: Use this information to determine for FY 2017: (Round & enter your answers to one decimal place and enter the value.)

1. the inventory turnover ratio

2. number of days of inventory

3. Gross Profit Margin

4. Profit Margin

Reference no: EM132622097

Questions Cloud

What advice to the management team : What advice and recommendation would you give to the management team if they are in the midst of considering digital and technology adoption

Plan appropriate community-based instructional experience : Based on the Alex and Paulo scenarios and using evidence-based practices, plan an appropriate community-based instructional experience

How relevant managerial accounting to pacific island country : How relevant is managerial accounting to Pacific island countries? use appropriate examples from Fiji to discuss this question. Provide the example.

Caregivers who display a sense of entitlement : When teachers encounter parents or caregivers who display a sense of entitlement (perhaps on behalf of their students), how should teachers react?

Determine for fy the inventory turnover ratio : Use the information to determine for FY 2017 the inventory turnover ratio (Round & enter your answers to one decimal place and enter the value.)

Determining the appropriate discount rate : You are given an investment to analyze. The cash flows from this investment are

What are the threats surrounding this offer to Ricardo : What are the threats surrounding this offer to Ricardo? Under the Code of Ethics, what is the proper action that Ricardo must take? Justify the answer

How determine the book value per share as of end : At December 31, 2017, total stockholders' equity was $4,250,000. Use this information to determine the book value per share as of end of the FY 2017

How the us ranks on indicators compared to other nations : Explain how the U.S. ranks on these indicators compared to other nations. Explain two factors that might influence those rankings and the relative standing.

User Account

All Pages

Determine for fy the inventory turnover ratio

Reference no: EM132622097

Reference no: EM132622097

Questions Cloud

Reviews

Write a Review

Managerial Accounting Questions & Answers

Demonstrate what is the net income

Should the costs be treated differently for management

Determine the division return on investment

Find what is the firm margin of safety

What was germosen fixed manufacturing overhead volume

What pinklakes sales are closest to

Compute the dl rate and efficiency variances for may

Record the closing entry for the drawing account

Evaluate the success of the project

Creating higher contribution margin and higher profit margin

Evaluate the minimum price p the company should sell

How much profit can the video rental store expect to earn

Assured A++ Grade

Academics

Major Subjects

Majors

Get In Touch

TERMS & POLICIES

HELP & SUPPORT