What is inventory turnover ratio for bummel and strand corp

Assignment Help Financial Accounting
Reference no: EM132988480

Problem 1: Bummel and strand Corp has gross profit margin of 33.7 percent, sales of $47112365 and inventories of 14595435. What is inventory turnover ratio

Reference no: EM132988480

Questions Cloud

What is the firm taxable income for talley corporation : What is the firm's taxable income? The Talley Corporation had taxable operating income of $440,000 (i.e., earnings from operating revenues)
What is the additional tax on the interest income : Assume the firm receives an additional $4 million of interest income from some bonds it owns. What is the additional tax on this interest income?
How investors assess the future prospects of the companies : What do these ratios tell you about how investors assess the future prospects of these companies? Financial analysis can be defined as the process of assessing
Did have negative impact regarding wealth inequality : It was much less successful in moving the economy. Did it have a positive or negative impact regarding "wealth inequality"? Why?
What is inventory turnover ratio for bummel and strand corp : Bummel and strand Corp has gross profit margin of 33.7 percent, sales of $47112365 and inventories of 14595435. What is inventory turnover ratio
Prepare journal entries necessary to close temporary account : Retained earnings, Beginning 19,300. Prepare the journal entries necessary to close the temporary accounts at December 31, Year 2, for Zone Health Club
Determine cost of goods sold during the period : Swifty Company just took its physical inventory. Determine cost of goods sold during the period under a periodic inventory system using the FIFO method.
Specific audience consistent style-colors : Best practices for a good visualisation Speak to a specific audience Consistent style & colors
Compute the correct december inventory : Compute the correct December 31 inventory. Swifty Company just took its physical inventory. The count of inventory items on hand at the company

Reviews

Write a Review

Financial Accounting Questions & Answers

  Computer software costs should be expensed

What portion of the $3,000,000 computer software costs should be expensed in 2010?

  What is the current price for this share

Peter North is interested in buying shares in Lynas Ltd. which is growing at a constant rate of 4 per cent. Lynas Ltd. What is the current price for this share

  How much net income would have recorded for the month

If Sweet Catering had recorded transactions using the Accrual method, how much net income (loss) would they have recorded for the month of May?

  Calculate c investment

Three friends, A, B, and C, start.Calculate C's investment. A invested $11,700, and all three of them agree to share profits in the ratio of their investments.

  Total manufacturing cost-income statement-unit cost

Two inventors, recently organized as Innovation, Inc., consult you regarding a planned new product. They have estimates of the costs of materials

  How do find the amount of joint costs to be allocated

In Department 1, 110,000 pounds of material Rho, determine the amount of joint costs to be allocated between the two joint products, Alpha and Gamma.

  What will be the market price per share after the dividend

The firm just announced a small stock dividend of 15 percent. What will be the market price per share after the dividend

  What will be carrying amount of the machine as of december

The company uses the double-declining-balance method of depreciation for all its assets. What will be the carrying amount of the machine as of December

  Construct general journal entries to record the transactions

Construct general journal entries to record the transactions and depreciation journal entries required at the end of each reporting period

  What is the effective annual rate

What is the effective annual rate? (the EAR) of each? CD, and which CD do you recommend to your? grandmother? Calculating an? EAR

  Balance sheet construct a balance sheet for sophies sofas

balance sheet. construct a balance sheet for sophies sofas give the following data. what is shareholders equity?cash

  Provide the journal entries to record the transactions

BB (Pty) Ltd is a company in the Capricorn district. Provide the journal entries to record the transactions and show them separately.

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