Solution-Finding average days in inventory and the events

Finding average days in inventory and the events

Assignment Help Finance Basics

Reference no: EM13828214

Problem:

1. A firm has $100 of average inventory, operating profit of $500 and sales of $1,500. Its days in inventory is:

36.5 days
24.3 days
73.0 days
Not enough information

2. Which of the following isolated events will NOT change the quick ratio for a manufacturer?

Repayment of short-term debt
The cash purchase of new machinery
The credit sale of finished goods
A customer's cash payment of an outstanding receivable

Additional Information:

These two objective questions is from finance which discuss about finding average days in inventory and the events that will not affect quick ratio.

Reference no: EM13828214

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Finding average days in inventory and the events

Reference no: EM13828214

Reference no: EM13828214

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