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The following information is taken from the financial statement of Mark's Bike Shop:
Total Current Assets $48,000
Property, equipment $5,000
Current liabilities $12,000
Long Term Liabilities $3,000
Owner's Equity $38,000
Beginning Inventory $40,000
Ending Inventory $32,000
Cost of Goods Sold $125,000
Net Income $40,000
The inventory turnover of Mark's Bike Shop is:
A) 3.5
B)4.6
C)5
A Company with sales in 2003 of $ 102,123,000 closed out 2004 with sales of $ 112,250,000 and net operating incomes (EBIT) of $ 25,530,000 and $ 28,758,000 respectively.
1.What makes for a good investment? Use the approximate yield formula or a financial calculator to rank the following investments according to their expected returns.
Holliman Corp. has current liabilities of $413,000, a quick ratio of 1.60, inventory turnover of 3.80, and a current ratio of 3.90. What is the cost of goods sold for the company?
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The application she plans on using are Word, Excel, and Outlook. Which version of Office do you recommend for her?
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