Firm to sell inventory assuming that all sales are on credit

Assignment Help Financial Management

Reference no: EM131599959

Al's Sport Store has sales of $3,240, costs of goods sold of $2,110, inventory of $500, and accounts receivable of $425. How many days, on average, does it take the firm to sell its inventory assuming that all sales are on credit?

Reference no: EM131599959

Questions Cloud

What is the maximum investment that will be allowed for dike : what is the maximum investment (to the nearest whole dollar) that will be allowed for the dike?

Eoq for certain aspect of raw materials inventory : You have been tasked with determining the EOQ for a certain aspect of raw materials inventory.

What would her portfolio expected return and risk level be : If Mary decided to invest her money equally in high-tech and counter-cyclical stock, what would her portfolio’s expected return and risk level be?

What portion of the payments : What portion of the payments during the first 26 months goes toward principal?

Firm to sell inventory assuming that all sales are on credit : How many days, on average, does it take the firm to sell its inventory assuming that all sales are on credit?

Calculating the operating profit ratio for fiscal years : Analyze the profitability of Wal-Mart by calculating the operating profit ratio for fiscal years ending 1/31/2016 and 1/31/ 2015.

Glass cockpit multi function displays integrating flight : Later, the customer has your shop install an expensive upgraded avionics suite including the latest “glass cockpit” multi function displays integrating flight.

Calculating gross profit ratio for fiscal years : Analyze the profitability of Wal-Mart by calculating gross profit ratio for fiscal years ending 1/31/2016 and 1/31/ 2015. Use “Net sales” in your calculations.

How long will it take to pay off your balance : You charged $4000 on your credit card for holiday gifts. how long will it take (to the nearest month) to pay off your balance?

User Account

All Pages