What is the company inventory turnover ratio

Assignment Help Accounting Basics
Reference no: EM132104817

Question - JP Vineyards has sales of $808,000, a gross profit margin of 0.352, and inventory of $176,000. What is the company's inventory turnover ratio?

Reference no: EM132104817

Questions Cloud

What amount should be reported as capital : On 2/1/y1 Mary began a service proprietorship with an initial investment of $2000 cash. What amount should be reported as capital
Does south korea financial system make it : Does South Korea's financial system make it easy or difficult to do business? Are there any steps my business can take to hedge or minimize financial risks in S
What are the pros and cons of such an arrangement : Once a real estate investor has acquired a property, the investor may lease the property to a third party to generate income.
Achieve the greatest reduction in infant mortality : how would you allocate funds between them to achieve the greatest reduction in infant mortality for a given budget?
What is the company inventory turnover ratio : JP Vineyards has sales of $808,000, a gross profit margin of 0.352, and inventory of $176,000. What is the company's inventory turnover ratio
Put enough time into the planning of this presentation : Do you feel you put enough time into the planning of this presentation? Do you feel like you rehearsed enough?
What is the price of cheese : Suppose a country has 2039 of Labor and its ppf is given by 179*Qc+221*Qw
How far below the top edge does the ray strike the mirror : A light ray leaves point A in Figure 1, reflects from the mirror, and reaches point B. How far below the top edge does the ray strike the mirror?
Identify and describe a substantive audit procedure : ACC 707 Auditing and Assurance Services - Identify and explain the two key assertions most at risk in relation to the intellectual property intangible asset

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