User Account

All Pages

What amount did dollar general report as gross profit

Assignment Help Financial Accounting
Reference no: EM132846014

Problem - Dollar General Corporation operates general merchandise stores that feature quality merchandise at low prices. All stores are located in the United States, predominantly in small towns in 24 mid-western and south-eastern states. In the current year, the company reported average inventories of $1,668 million and an inventory turnover ratio of 8.0. Average total fixed assets were $2,098 million, and the fixed asset turnover ratio was 9.0. What amount did Dollar General report as gross profit in the current year?

Reference no: EM132846014

Questions Cloud

What are theoretical or empirical results for disciplines : What are the theoretical or empirical results for both disciplines? How do the findings from both disciplines contribute to the holistic understanding?
Discuss how would address a breach of confidentiality : How does confidentiality in a group differ from confidentiality in individual counseling? Also, discuss how you would address a breach of confidentiality?
Explain concrete experiences of actual individuals : Explain concrete experiences of actual individuals and situate them in social structures. These structures include the criminal justice system.
How are going to collect the evidence to answer : How you are going to collect the "evidence" to answer your question or the activities you will be participating in to help your organization achieve these goals
What amount did dollar general report as gross profit : Average total fixed assets were $2,098 million, and fixed asset turnover ratio was 9.0. What amount did Dollar General report as gross profit in current year
Define self-fulfilling prophecy : Define self-fulfilling prophecy. Think of a self-fulfilling prophecy that you've experienced. Based on this experience, do you agree with the Thomas theorem?
Post the transactions to the T-accounts : Madison Harris, the owner, invested $8,400 cash and $35,400 of photography equipment in the company. Post the transactions to the T-accounts
What are the sociological characteristics of religion : What are the sociological characteristics of religion in the United States? Build an argument that religion is likely to remain a strong feature of life.
What is the annual payment necessary : The projected cost of the stadium in 2014 dollars is $7.5 million. What is the annual payment necessary to meet this projected cost of the stadium

Reviews

Write a Review

Financial Accounting Questions & Answers

  Financial statement analysis and preparation

Financial Statement Analysis and Preparation

  Shareholder of a company

Describe the ways that a person can become a shareholder of a company. Why Wal-Mart would split its stock?

  Financial and accounting principles

An understanding of financial and accounting principles can be a valuable tool for managers. While not all managers will find themselves calculating financial ratios or preparing annual financial data.

  Prepare a statement of cash flow using the direct method

Prepare a Statement of Cash Flow using the Direct Method and Prepare the Operations section of the Statement of Cash Flow using the Indirect Method.

  Financial accounting assignment

This assignment has one case study and two question apart from case study. Questions related to document Liquidation question and Company financial statements question - Torquay Limited

  Prepare general journal entries for goela

Prepare general journal entries for Goela Ltd

  Principles of financial accounting

Prepare the journal entry to record the acquisition of the assets.

  Prepare general journal entries to record the transactions

Prepare general journal entries to record the transactions, assuming use of the periodic inventory system

  Global reporting initiative

Compare the view espoused by the economist Milton Friedman about the social responsibilities of business with the views express by Stigler.

  Explain the iasb conceptual frameworks

Explain the IASB Conceptual Framework's perspective of users and their decisions.

  Determine the company''s financial statements

T he focus of the report is to determine the extent to which you are comfortable relying on the financial statements as presented by management .

  Computation of free cash flow

Computation of Free Cash Flow

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