What was its average days of inventory

Assignment Help Financial Accounting
Reference no: EM132855349

Question - Your Company had $13 million in sales last year. Its cost of goods sold was $9.1 million and its average inventory balance was $1 200 000. What was its average days of inventory?

Reference no: EM132855349

Questions Cloud

Determining the standard deviation of sprinkler systems : Assume the population standard deviation is 33°F. At a = 0.10. do you have enough evidence to reject the manufacturer's claim?
Calculate the p-value of the test above : -Specify the decision rule to use in the p-value method hypothesis testing. Calculate the p-value of the test above. Display working.
What did find most interesting about the programs reviewed : What did you find most interesting about the programs you reviewed on the website? Would the programs make your more inclined to buy the company
Write paper on enterprise risk management strategy : Write paper on Enterprise, Risk Management Strategy. Implementation of ERM strategy.
What was its average days of inventory : Its cost of goods sold was $9.1 million and its average inventory balance was $1 200 000. What was its average days of inventory
Explain how applied social work practice skills : Explain your interpretation of what occurred in the dialogue, including social work practice or theories, and explain how it might relate to engagement.
Sample mean vector and sample variance : Suppose X1, . .. , Xn are iid p x 1 dimensional random vectors from a population with mean vector Mpx1 and covariance matrix Epxp.
Why the cost of fire protection equipment was not expensed : Explain why the cost of the fire protection equipment was not expensed in 2016. What conditions would have allowed Wagner to expense it
Assessment must ask if the solutions are flawed : What health care technology is involved in the situation? What moral guidelines for using that kind of healthcare technology should be used there

Reviews

Write a Review

Financial Accounting Questions & Answers

  Financial statement analysis and preparation

Financial Statement Analysis and Preparation

  Shareholder of a company

Describe the ways that a person can become a shareholder of a company. Why Wal-Mart would split its stock?

  Financial and accounting principles

An understanding of financial and accounting principles can be a valuable tool for managers. While not all managers will find themselves calculating financial ratios or preparing annual financial data.

  Prepare a statement of cash flow using the direct method

Prepare a Statement of Cash Flow using the Direct Method and Prepare the Operations section of the Statement of Cash Flow using the Indirect Method.

  Financial accounting assignment

This assignment has one case study and two question apart from case study. Questions related to document Liquidation question and Company financial statements question - Torquay Limited

  Prepare general journal entries for goela

Prepare general journal entries for Goela Ltd

  Principles of financial accounting

Prepare the journal entry to record the acquisition of the assets.

  Prepare general journal entries to record the transactions

Prepare general journal entries to record the transactions, assuming use of the periodic inventory system

  Global reporting initiative

Compare the view espoused by the economist Milton Friedman about the social responsibilities of business with the views express by Stigler.

  Explain the iasb conceptual frameworks

Explain the IASB Conceptual Framework's perspective of users and their decisions.

  Determine the company''s financial statements

T he focus of the report is to determine the extent to which you are comfortable relying on the financial statements as presented by management .

  Computation of free cash flow

Computation of Free Cash Flow

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