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

  Financial reporting and analysis

Finance is about Gunns Ltd, a company in dealing with forestry products in Australia. The company has also been listed in Australian Stock Exchange. As many companies producing forestry products, even Gunns Ltd is facing various problems. Due to the ..

  A report on financial accounting

This report is specific for a core understanding for Financial Accounting and its relevant factors.

  Describe the types of financial ratios

Describe the types of financial ratios and other financial performance measures that are used during venture's successful life cycle.

  Differences between sole proprietorship and corporation

Briefly describe the major differences between a sole proprietorship and a corporation

  Prepare a cash budget statement

Calculate the expected value of the apartment in 20 years' time. What is the mortgage loan repayment at the beginning of each month

  What are the implied interest rates

What are the implied interest rates in Europe and the U.S.?

  State pricing theory and no-arbitrage pricing theory

State pricing theory and no-arbitrage pricing theory

  Small business administration

Identify the likely stage for each venture and describe the type of financing each venture is likely to be seeking and identify potential sources for that financing.

  Effect of financial leverage

The Effect of Financial Leverage and working capital management

  Evaluate the basis for the payment to the lender

Evaluate the basis for the payment to the lender and basis for the payment to the company-counterparty.

  Importance of opps, ipps, mpfs and dmepos

Research and discuss the differences and importance of : OPPS, IPPS, MPFS and DMEPOS.

  Time value of money

Time Value of Money project

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