Million of inventory on its balance sheet

Assignment Help Finance Basics
Reference no: EM131829375

Tater and Pepper Corp. reported sales for 2015 of $30 million. Tater and Pepper listed $6.3 million of inventory on its balance sheet.

How many days did Tater and Pepper's inventory stay on the premises? (Use 365 days a year. Round your answer to 2 decimal places.)

Days' sales in inventory days  

How many times per year did Tater and Pepper's inventory turn over? (Round your answer to 2 decimal places.)

Inventory turnover times

Reference no: EM131829375

Questions Cloud

Compute the inventory by the conventional retail inventory : Retail Inventory Method) Presented below is information related to Kuchinsky Company. Compute the inventory by the conventional retail inventory method
Determine how market commonality impact its main rivals : Determine how market commonality and resource similarity impact Apple's competitive standing in terms of its main rivals.
Compute the profit for the company in dollars : Compute the profit for the company in US Dollars if
What is the approximate year-end : The firm's credit sales for 2011 were $9 million. What is the approximate year-end 2013 balance in accounts receivable for Corn Products?
Million of inventory on its balance sheet : Tater and Pepper Corp. reported sales for 2015 of $30 million. Tater and Pepper listed $6.3 million of inventory on its balance sheet.
What are reasons you feel business practices are important : What are the reasons you feel these business practices are important? What are the concepts that are discussed and how do they relate to the class topic?
Compute the estimated inventory at may : Astaire Company uses the gross profit method to estimate inventory for monthly reporting purposes. Compute the estimated inventory at May 31
Offer to buy equity in a start-up company : An investor is considering an offer to buy equity in a start-up company. The investor will not receive in cash flows from the company until 13.00 years.
What are some factors an organization considers : What are some factors an organization considers when it chooses the mix of long- and short-term capital to finance the organization's activities?

Reviews

Write a Review

Finance Basics Questions & Answers

  Annual payments are made on annuity

That is, no payments are made on annuity at the end of years 1 through 7. Instead, annual payments are made on annuity at the end of years 8 through 17

  Compute the daily net advance-decline

a. Compute the daily net advance-decline line for each of the five b. Compute the cumulative advance-decline line for each day and the final value at the end of the week.

  Doublewide dealers has an roa of 10 percent a 2 percent

doublewide dealers has an roa of 10 percent a 2 percent profit margin and a return on equity equal to 15 percent. what

  Provide a complete citation for the article

Briefly describe how the future research study might be conducted (who would participate, what would be measured, and so on).

  Apple hired you as a consultant to help estimate its cost

apple hired you as a consultant to help estimate its cost of capital. you have been provided with the following data d0

  Budgeting with real options

A capital investment project that generates new opportunities is more valuable than one that doesn't. A flexible project, one that does not commit management to a fixed operating strategy is more valuable than an inflexible one. When a project is ..

  Define cognitive dissonance

Define cognitive dissonance. How can marketers manage a consumer's cognitive dissonance?

  What amount should be used as the initial cash flow

The company now wants to build a new retail store on the site. The building cost is estimated at $1,250,000. What amount should be used as the initial cash flow for this building project?

  Indicate some possible uses of a reliable model

All firms are required to expense R&D costs incurred each period.- Why is it important to observe whether a firm has substantial or immaterial R&D expenses?

  Discuss the two material variances that may occur

Discuss the two material variances that may occur, including how they are calculated and reasons for their occurrence.

  Weighted cost of component

Need help finding Apple's Yield to Maturity, Average Tax Rate, 5 year treasury bond, Return on the top 500 stocks, After-tax cost of debt-weight of component

  Disadvantage of the corporate form of business ownership

One disadvantage of the corporate form of business ownership is the 1. Limited Liability protection provided for all owners 2.

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!

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