User Account

All Pages

What is the inventory turnover for the current year

Assignment Help Accounting Basics
Reference no: EM132596985

Question - Cullumber Inc. reported inventory at the beginning of the current year of $250000 and at the end of the current year of $301000. If net sales for the current year are $3879200 and the corresponding cost of sales totaled $2755000, what is the inventory turnover for the current year?

a. 9.15.

b. 14.08.

c. 12.89.

d. 10.00.

Reference no: EM132596985

Questions Cloud

Explain why this decision would be made : A company has a December year end and creates checks to pay their vendors towards the end of the month. Explain why this decision would be made
How would accounting differ if tennessee were public company : How would accounting differ if Tennessee were a public company. A patent was purchased from Marvin Inc. for $1.2 million on January 1, 2016.
Evaluate each element of the performance review meetings : In the project for week three, you developed a plan to link the performance management system with an organization's strategic goals.
How has spriggy required return changed : Dividend discount model, and that dividends return to a constant $3.25 in the future, how has Spriggy's required return changed with this announcement?
What is the inventory turnover for the current year : If net sales for the current year are $3879200 and the corresponding cost of sales totaled $2755000, what is the inventory turnover for the current year
What is the npv of the project for gracen inc : If the project produces operating cash flows of $3.5 million per year and Gracen's cost of capital is 7.5%, what is the NPV of the project
Differences in common cause and special cause variation : Why is understanding the differences in common cause variation and special cause variation so important in an organizational system?
Discuss the areas of employee safety : Utilizing the below link, discuss the areas of employee safety that are most important to you. Do you feel the organization has the same concerns as you? Why?
How much must janice deposit annually in an account paying : How much must Janice deposit annually in an account paying 10 percent interest to have enough money to send her parents on the cruise?

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.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd