User Account

All Pages

How do the company ratios compare to the industry averages

Assignment Help Accounting Basics
Reference no: EM133140540

Question - Assume Gildan Activewear Inc. made sales of $964.4 million during 2920. Cost of goods _ sold for the year totalled $655.3 million. At the end of 2019, Gildan's inventor},r stood at $200.7 million, and Gildan ended 2020 with inventory of $240 million. Compute Gildan's gross profit percentage and rate of inventory turnover for 2020. Assume the industry average is 35% for the gross profit percentage and 2.9 times for the inventory turnover. How do the company's ratios compare to the industry averages?

Reference no: EM133140540

Questions Cloud

Development of colonial expansion : According to Jürgen Kocka in his book: "Capitalism : A Short History," the development of colonial expansion in the 1700's by the European powers was:
Declaring the array of struct in main : Solve a problem using C as a tool. Your program must be well laid out and commented, including a meaningful header comment
Case study-victim of discrimination : When responding to a case study or scenario, it is important to ensure that the human resources practitioner is able to use a consistent, fact-based, problem-so
Explain the diversity and inclusion : Question: What has made your workplace more inclusive from your experience and how do you measure the inclusion. Also, what was the time when you felt not inclu
How do the company ratios compare to the industry averages : Assume the industry average is 35% for the gross profit percentage and 2.9 times for the inventory turnover. How do the company's ratios compare to the industry
Establish a culture of respect and encouragement : An effective organization has a culture where the manager and employees work together to solve performance problems in an atmosphere of respect and encouragemen
Compute the yield to maturity on the old issue : Compute the yield to maturity on the old issue and use this as the yield for the new issue. Make the appropriate tax adjustment to determine the after tax cost
Describe the laws or policies that exist which could remedy : For this assignment, you will compose a two to three-page paper, in full APA format, following the instructions provided below.
What benefits would such a system offer : What benefits would such a system offer to the business and how might the information produced be incorporated into the planning process

Reviews

Write a Review

Accounting Basics Questions & Answers

  What is the cost of right of use asset

Implicit interest rate 8%. PV of an annuity of 1 in advance at 8% for 5 periods 4.31 10) PV of 1 at 8% for 5 periods .68. What is the cost of right of use asset

  What is the balance in Treasury Stock on December

On January 31 of the current year, Lawn Spray Inc. reacquired 50,000 shares of its common stock at $51 per share. What is the balance in Treasury Stock

  Calculate the equity carrying amount of the investment

Nero Ltd purchased a 30% per cent shareholding in Bianco Ltd, Calculate the equity carrying amount of the investment in Bianco Ltd at 31 December 20X8

  What total amount of noncurrent assets and liabilities

Prepaid expenses 800,000. What total amount of noncurrent assets and noncurrent liabilities should be reported on December 31, 2019?

  You compare the cancelled checks with the entries in the

the malamura company deposits all receipts in the bank and makes all payments by check. on november 30 its cash account

  Grosvenor industries has designated 12 million for capital

grosvenor industries has designated 1.2 million for capital investment expenditures during the upcoming year. its cost

  Use the following information to answer questions 1-5

use the following information to answer questions 1-5. determine the due date and amount of interest due at maturity on

  Motorcade company has three service departments s1 s2 and

motorcade company has three service departments s1 s2 and s3 and two production departments p1 and p2. the following

  Postretirement benefit expense

What is the interest cost to be included in the current year's postretirement benefit expense?

  Computation of payroll and related tax expense

An employee received a paycheck from her employer in the amount of $776.35. The pay-check stub indicated that in calculating her $776.35 net pay, $139.75 had been withheld for federal income tax, $34.25 for state income tax, and $74. 65 for FICA. ..

  There are two different restaurant chains that you have

there are two different restaurant chains that you have identified as potential investment opportunities. you are

  What is the amount of interest expense that dcl will report

DCL Industries purchased a supply of mechanical components from E Corporation on November 1, 2020. In payment for the $48,000 purchase, DCL issued a one-year.

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