What is its inventory turnover ratio

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Reference no: EM131197602

1) Flying Penguins Corp. has total current assets of $14,107,000, current liabilities of $3,317,000, and a quick ratio of 0.76. How much inventory does it have?

2) Bummel and Strand Corp. has a gross profit margin of 30.46 percent, sales of $38,092,000, and inventory of $10,072,000. What is its inventory turnover ratio?

3) If Newton Manufacturers has an accounts receivable turnover of 4.0 times and net sales of $6,863,800, what would its receivables be?

Reference no: EM131197602

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