Solution-What is susan stationery inventory turnover ratio

What is susan stationery inventory turnover ratio

Assignment Help Accounting Basics

Reference no: EM132780038

Question: 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?

Reference no: EM132780038

Questions Cloud

What is the role of the premium account in your answer : When a bond sells at a premium, is the periodic interest expense less than, equal to, or greater than the periodic interest payment? Why? Be specific.

Calculate the debt to equity ratio : Thomas is concerned about his company's ability to pay off its short-term debts. If he wants to know more about his company's liquidity, what should he do?

Does give cause the trial balance to be out of balance : When a general journal is used to record sales returns, the credit of the entry must be posted twice. Does this cause the trial balance to be out of balance?

Compute buffalo actual return on plan assets : For Buffalo Corporation, year-end plan assets were $2,006,000. At the beginning of the year, plan assets were $1,775,000. During the year, contributions.

What is susan stationery inventory turnover ratio : 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.

Calculate the depreciation and book value for each year : Penny and Daughter's construction business is considering purchasing a new Bobcat. The equipment will cost $150,000 and is expected to last 12 years.

Define how the topics apply to the enron case : The "Enron scandal" was one of the biggest corporate collapses in the financial world resulting in an estimated loss of $US74 Billion.

Calculate the cost of equity using the capm : Calculate the cost of equity (Rs) using the CAPM. The formula is Rs = rRF + (RPM ) x ß. Rs is the required return on equity or the Cost of Equity.

Elaborate on the response of the audit manager : During the audit team planning meeting, a member of the audit team passed a comment that based on past experience with the client, he was confident.

User Account

All Pages

What is susan stationery inventory turnover ratio

Reference no: EM132780038

Reference no: EM132780038

Questions Cloud

Reviews

Write a Review

Accounting Basics Questions & Answers

How much control does fed have over this longer real rate

Coures:- fundamental accounting principles

Accounting problems

Theory of interest - term structure of interest rates

Write a report on internal controls

Prepare the bank reconciliation for company

Cost-benefit analysis

Theory of interest

Liquidity and profitability

What is the expected risk premium on the portfolio

Simple interest and compound interest

Capm and venture capital

Assured A++ Grade

Academics

Major Subjects

Majors

Get In Touch

TERMS & POLICIES

HELP & SUPPORT