Take the firm to sell its inventory assuming

Assignment Help Financial Management
Reference no: EM131351114

Al's Sport Store has sales of $2,910, costs of goods sold of $2,130, inventory of $527, and accounts receivable of $449. How many days, on average, does it take the firm to sell its inventory assuming that all sales are on credit? 90.3 122.3 89.1 66.1 122.9

Reference no: EM131351114

Questions Cloud

Kris corporation as an information technology consultant : For this assignment, assume you have been hired by Kris Corporation as an Information Technology consultant. Kris Corporation manufacturers parts for the automotive industry. Your job is to submit a proposal that meets their criteria (listed below..
What are some plausible alternative explanations : What are some plausible alternative explanations for this finding; that is, what variables other than wine could explain the finding?
Experimental research and the nonexperimental research : An experiment is called a clinical trial in medical research. - Why do you think the results were different with the experimental research and the nonexperimental research?
Asciidoctor with the asciidoctor gradle plugin : Trying to work on Converting an AsciiDoc to PDF and HTML5 using Asciidoctor with the Asciidoctor Gradle plugin. SO I changed the CSS in the code it only updated in the pdf not the HTML5 looking for some help from the experts out there to see if yo..
Take the firm to sell its inventory assuming : Al's Sport Store has sales of $2,910, costs of goods sold of $2,130, inventory of $527, and accounts receivable of $449. How many days, on average, does it take the firm to sell its inventory assuming that all sales are on credit?
What is the days sales in receivables : Galaxy United, Inc. 2009 Income Statement ($ in millions) Net sales $8,450 Less: Cost of goods sold 7,210 Less: Depreciation 410 Earnings before interest and taxes 830 Less: What is the days' sales in receivables?
Evaluating the bezier curves at intermediate times : During the animation, you will create intermediate states by evaluating the Bezier curves at intermediate times, and then use these intermediate states to display an intermediate frame. For the orientations you will need to use quaternion splines.
User roles are necessary for linux : Why are user roles are necessary for Linux. How are these roles and permissions similar or different from other user types in other operating systems?
Identify strengths that karen has for progress in personal : Karen is a 25-year-old white woman who lives alone in an apartment with her dog. Karen has been divorced for 2 years and is taking Prozac prescribed by her psychiatrist for depression. Karen and her boyfriend had been discussing marriage until he..

Reviews

Write a Review

Financial Management Questions & Answers

  Sometimes referred to as the horizon value

Suppose that a firm will pay dividends of $3.50 next year and $3 in two years. In year 3, the dividend will be $6, and afterwards the dividend will grow at a constant rate of 7% per year. What will be the value of each share of the firm in two years ..

  What is the companys target debt-equity ratio

Fama's Llamas has a weighted average cost of capital of 12 percent. The company's cost of equity is 15.5 percent, and its pretax cost of debt is 8 percent. The tax rate is 32 percent. What is the company's target debt-equity ratio? (Do not round your..

  Firm needs to plow back its earnings to fuel growth

Solinux, Inc., is a young start-up company and will not pay dividends on its stock for the next 8 years, since the firm needs to plow back its earnings to fuel growth. The company will then pay a $1.35 per share dividend in year 9 and will increase t..

  Two different salary arrangements

BDO Limited just hired you and has offered you two different salary arrangements. Arrangement 1: you can have $90,000 per year for the next two years or Arrangement 2: you can have $65,000 per year for the next two years, along with a $45,000 signing..

  What is the break-even EBIT

Rise Against Corporation is comparing two different capital structures: an all-equity plan (Plan I) and a levered plan (Plan II). Under Plan I, the company would have 170,000 shares of stock outstanding.  What is the break-even EBIT?

  Debt to long-term capital ratio

A firm has a long-term debt–equity ratio of 0.55. Shareholders’ equity is $1.4 million. Current assets are $425,000, and total assets are $2.420 million. If the current ratio is 1.7, what is the ratio of debt to total long-term capital?

  Misrepresents themselves either deliberately

Discuss what you think the ramifications should be if an insurer, or an individual or business, misrepresents themselves either deliberately or by mistake. Give an examples, fact or fiction.

  Assume semi-annual coupon payments unless

Atlantis Fisheries issues zero coupon bonds on the market at a price of $417 per bond. Each bond has a face value of $1,000 payable at maturity. What is the yield to maturity of the bond? (Assume semi-annual coupon payments unless it is explicitly st..

  Future value of five-year ordinary annuity-annual payments

What is the future value of a five-year ordinary annuity with annual payments of $200, evaluated at a 15 percent interest rate?

  How much of the dividend payment did marathon deduct

How much of the dividend payment did Marathon deduct in determining its taxable income. - how much tax will he pay on the $5,000 dividend he received from Marathon Inc.

  Tax component cost of debt

HydroTech Corp stock was $50 per share a year ago when it was purchased. Since then, it paid a $4 per share dividend. The stock price is currently $45. If you owned 500 shares of HydroTech, what was your percent return? TAB Inc. has a $1,000 (face va..

  What is value of preferred stock-expected dividend yield

Stephen and Chris are also looking at issuing preferred and common stock to further expand TechU's businesses. They also want to examine their existing stock value to get a picture of how much they can sell additional stock for. What is the current v..

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