During the current year carl equipment stores had net sales

Reference no: EM13595788

1.During the current year, Carl Equipment Stores had net sales of $600 million, a cost of goods sold of $500 million, average accounts receivable of $75 million, and average inventory of $50 million.Assuming a 365-day year, the number of days required for Carl Equipment to convert its average inventory into cash is:
A) 73.0.
B) 36.5.
C) 304.2.
D) 24.3.

2.Short-term creditors are likely to view a higher-than-average inventory turnover rate as indicating that:
A) The company is able to sell its inventory quickly.
B) The company has a longer-than-average operating cycle.
C) A company is in financial difficulty.
D) The company probably has an excessive amount of inventory.

3.When a company sells bonds between interest dates they will pay which of the following at the first interest payment date?
A) An amount less than the stated interest rate times the principal.
B) An amount more than the stated interest rate times the principal.
C) The company may skip the first interest payment date since the appropriate time has not passed.
D) An amount equal to the stated interest rate times the principal.

Reference no: EM13595788

Questions Cloud

A sample of naphthalene which should be pure white was : a sample of naphthalene which should be pure white was found to have a grayish color after the usual purification

The purchasing department buys the quantities of raw : stromski corporation manufactures a single product. the standard cost per unit of product is shown below. direct

Decision making across the organization byp2-4 lisa ortega : decision making across the organization byp2-4 lisa ortega is president of ortega riding academy inc. the academys

A student adds 490ml of a 0420m hcl solution to the beaker : a beaker with 195ml of an acetic acid buffer with a ph of 5.000 is sitting on a bench. the total molarity of the acid

During the current year carl equipment stores had net sales : 1.during the current year carl equipment stores had net sales of 600 million a cost of goods sold of 500 million

A bond issued by cornwallis inc 15 years ago has a coupon : a bond issued by cornwallis inc. 15 years ago has a coupon rate of 7 and a face value of 1000. the bond will mature in

The trucks will have a useful life of seven years to raise : the diamond freight company has been offered a seven-year contract to haul munitions for the government. because this

If you knew an electron transfer center in a protein had a : if you knew an electron transfer center in a protein had a reduction potential of -400 mv what would be the most likely

Perfect press inc has just purchased a new binding machine : requirement 1 neal company would like to initiate a management development program for its executives. the program

User Account

All Pages