What is the inventory turnover ratio

Assignment Help Accounting Basics

Reference no: EM13130283

Assume a firm's inventory level of $13,500 represents 37 days' sales. What is the inventory turnover ratio? (Use 365 days in a year. Do not round intermediate calculations. Round your answer to 2 decimal places.)

Reference no: EM13130283

Questions Cloud

Consolidated balance sheet at the date of take-over : For each of the three concepts described in the chapter, what value would be attributed to this land in a consolidated balance sheet at the date of takeover?

Find out or prepare the price-earnings ratio : Find out or prepare the price/earnings ratio, the dividend payout ratio, the dividend yield, book value, and earnings per share, and identify whether you would consider this company a good investment, with regard to your personal investment object..

Find probability that only four of them will graduate : Past data reveals that the graduation rate was 72% for the medical school at a university. If 10 medical students are randomly selected for that school. Find the probability that only 4 of them will graduate.

How many moles of na2so3 were added : How many moles of Na2SO3 were added to the calorimeter cup if 30.0mL 0.50 M NaOCl and 70.0mL 0.50 M Na2SO3 were combined?

What is the inventory turnover ratio : Assume a firm's inventory level of $13,500 represents 37 days' sales. What is the inventory turnover ratio? (Use 365 days in a year. Do not round intermediate calculations. Round your answer to 2 decimal places.)

Proportionate consolidation concept : Under the proportionate consolidation concept, which of the following statements is true?

How many moles of na2so3 were added : How many moles of Na2SO3 were added to the calorimeter cup if 30.0mL 0.50 M NaOCl and 70.0mL 0.50 M Na2SO3 were combined?

Explain yield of reaction : Yield of Reaction, Propene reacts with hydrobromic acid to yield 2-bromopropane via Markovnikov addition about the double bond of the alkene.

Explain how much asset turnover should manufacturer have : Explain how much asset turnover should manufacturer B have to match manufacturer A's ROE?

Reviews

Write a Review

Required(*) Message

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

User Account

All Pages