User Account

All Pages

Determine the days sales in inventory

Assignment Help Accounting Basics
Reference no: EM132477235

The following financial statement data for years ending December 31 for Holland Company are shown below.
                                             20Y4              20Y3

Cost of merchandise sold           51,471,680   5911,040

Inventories:

Beginning of year                      335,070       234,330

End of year                             482,530         335,070

Question a. Determine the Inventory turnover for 20Y4 and 2073. Round to one decimal place. Inventory Turnover 20Y4 and 20Y3

Question b. Determine the days sales in inventory for 20Y4 and 20Y3. Assume 365 days a year. Round interim calculations and final answers to one decimal phi Days' Sales in Inventory 20Y4 , days 20Y3 days

Question c. Does the chance In Inventory turnover and the days sales In Inventory from 20Y3 to 20Y4 Indicate a favorable or an unfavorable trend?

Reference no: EM132477235

Questions Cloud

Organizational conditions and personal characteristics : Identify ways to minimize organizational politics. Explain how one might relate to a real-world scenario professionally or personally.
Calculate the net present worth of the investment : Calculate the net present worth of the investment? Clean machine Inc. has been presented with a proposal to open a new maintenance
Describe three strategies to minimize relationship : Distinguish constructive from relationship conflict, and describe three strategies to minimize relationship conflict during constructive conflict episodes.
Marketing plan for a company of brar restaurant : Prepare a Marketing Plan for a company of Brar Restaurant - Create a company of Brar Restaurant. It will be an Indian Cuisine
Determine the days sales in inventory : Determine the days sales in inventory for 20Y4 and 20Y3. Assume 365 days a year. Round interim calculations and final answers to one decimal phi Days' Sales
Read the short article the search for worthwhile work : Read the short article "The search for worthwhile work". The author of the column, Kirk Hanson, the Executive Director of the Santa Clara Markkula Center
Key elements of fiedler contingency model : Discuss some of the key elements of Fiedler's contingency model. Share a personal or professional experience that relates to one of these.
Describe the four elements of transformational leadership : Describe the four elements of transformational leadership. Transformational leadership is the most popular perspective of leadership
Gender similarities and differences in leadership : Discuss cultural and gender similarities and differences in leadership. Share a personal or professional experience representative of one of these.

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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