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

  Expect auditors to detect accounting frauds

Stakeholders seem to expect auditors to detect accounting frauds, and yet auditors' opinions carefully avoid making that claim. If auditors can't deliver on stakeholder expectations, what value do they offer stakeholders?

  Paid-in capital at the end

Poodle Corporation was organized on January 3, 2011. The firm was authorized to issue 100,000 shares of $5 par common stock. During 2011, Poodle had the following transactions relating to shareholders' equity:

  A discount rate and a capitalization rate

The primary difference between a discount rate and a capitalization rate

  On january 1 2012 jackson company purchased factory

on january 1 2012 jackson company purchased factory equipment priced at 55000. sales tax was an additional 6 and the

  What is the operating margin for this year

Yahoo.com's finance Internet site provides summary financial information about public companies, such as stock quotes, recent financial filings.

  What are the tax consequences of each option

The projected annual profits of $100000 are to be used in the church's outreach mission. What are the tax consequences of each option

  External financial reporting

If Rushia Company determines that the fair value of the investment is now $3,900,000 and is using U.S. GAAP for its external financial reporting, which of the following is true?

  Medi-call personal alarm systems ltd

Medi-Call Personal Alarm Systems Ltd.

  Eva for 2011 everyday electronics reported 225 million of

eva for 2011 everyday electronics reported 22.5 million of sales and 18 million operating costs including

  Discuss the depreciation expense for paulson transport

What was the depreciation expense for Paulson Transport for the year ended December 31, 2015

  What is the operating income generated by the special order

Harmony Forge manufactures saddles for show horses. What is the operating income generated by the special order

  Diluted earnings per chare of common stock during 2009 the

during 2009 the ellis corporation had 370000 shares of 20 par common stock outstanding. on january 1 2009 2000 8

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