What is susan stationery inventory turnover ratio

Assignment Help Accounting Basics
Reference no: EM132686532

Problem 1: Susan's stationery sold goods that cost $42000, and had expenses that totaled $5600. The average stock of goods in a year ending december 31 was $7500. What is susan's stationery inventory turnover ratio in year ending december 31?

Option 1: 7.50

Option 2: 6.25

Option 3: 5.60

Option 4: 4.67

Reference no: EM132686532

Questions Cloud

Which of the internal control systems does tap technology : Which of the following internal control systems does TAP Technology, Inc. use when it updates its employee handbook to reflect new company policies?
What is the advantage of multicellularity : What is the advantage of multicellularity? Think of metabolic considerations as discussed in your text book.
Define what is not working in regards to a policy : As we have learned in this class cultural continuity is key for Indigenous Peoples to heal and flourish in their health. The Traditional Models of Wellness.
Outline the complete life cycles of aurelia and obelia : Describe the basic morphological and physiological features of Cnidaria and Ctenophora. How do cnidocytes differ from nematocysts?
What is susan stationery inventory turnover ratio : The average stock of goods in a year ending december 31 was $7500. What is susan's stationery inventory turnover ratio in year ending december 31?
Compare the life cycle of a cestode with that of a trematode : Discuss the significance structural and physiological features of members of the Phylum Platyhelminthes (think of their symmetry, organ-level development
Describe all the basic characteristics of the mollusca : A) What is a coelom? Why was its evolution important to multicellular animals?
GAC6005 Investment Management Assignment : GAC6005 Investment Management Assignment Help and Solution, Gulf College - Assessment Writing Service - Briefly introduce the role of financial market
Differences between oligochaetes and polychaetes : A) Explain the differences between oligochaetes and polychaetes. Do they both have trochophore larvae?

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

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