What was oregon inventory turnover ratio

Assignment Help Financial Accounting
Reference no: EM132996735

Questions -

Q1. Oregon Inc. had $420,000 in inventory at the beginning of the year and $340,000 at the end of the year. The cost of the inventory that was sold during the year was $4,200,000. What was Oregon's inventory turnover ratio?

-9.04

-10.00

-12.35

-11.05

Q2. A low inventory turnover might indicate all of the following except:

-slow moving goods

-a worsening economy

-a well-received ad campaign

-poor management

Reference no: EM132996735

Questions Cloud

Identify the nature and scope of the problem : Identify the nature and scope of the problem that you are trying to solve, then utilising available historical data.
What is the cost coefficient : Pandra Manufacturing speci?es the quality characteristic of one of its popular products to be 0.54" ± 0.02. What is the cost coefficient
Calculate the accounting rate of return for this project : They have estimated the initial investment to be similar to Kievon's $4 million, Calculate the Accounting Rate of Return for this project
Prepare the income statement and the total cash flow : Fun Toys can manufacture the new baby dolls for $21 each in variable costs. Prepare the income statement and the total cash flow
What was oregon inventory turnover ratio : Oregon Inc. had $420,000 in inventory at the beginning of the year and $340,000 at the end of the year. What was Oregon inventory turnover ratio
What the accumulated depreciation and common stock balances : What will the accumulated depreciation and common stock balances be for the consolidated company at the end of the year
Prepare the journal entries : These 100,000 shares were forfeited by the management on 20 November 2020. Prepare the journal entries to record the above
Calculate the total manufacturing cost assigned to job e : Assume that the company uses a plantwide predetermined manufacturing overhead rate based on machine-hours. Calculate the total manufacturing cost assigned
Why are these procedures important : Why are these procedures important? What are the procedures for the completion and review of an audit

Reviews

Write a Review

Financial Accounting Questions & Answers

  Give the entries in the accounts of cosmo

Give the items and amounts that would be reported in 20X0 earnings and all amounts on the statement of financial position. Give the entries in the accounts

  What amount should guess report as dividend income

In the statement of comprehensive income for the year December 31, 2012, what amount should Guess report as dividend income

  Determine the price of the bonds at november

Prepare the journal entry to record the bond issuance by Bishop on November 1, 20x1. Determine the price of the bonds at November

  Has PCAOB met its objective

Has "Public company accounting oversight board" (PCAOB) met its objective? What-if any-changes would you want to add to the scope of the PCAOB?

  Which preferred dividends declared

To calculated earnings per share, preferred dividends declared? Preparation of financial statements with adequate notes is primarily based on the?

  Calculat taxable value of benefit for fringe benefit tax

Calculate the Taxable Value of the benefit for the 2017/18 fringe benefits tax (FBT) year for the vehicle using both the statutory formula method

  Section of the statement of cash flows

The total amount reported in the cash flows from investing activities section of the statement of cash flows

  What is the effect on the accounting equation

What's the effect on the accounting equation? Which economic events would be captured by an accrual accounting system, but not by a cash accounting system?

  Prepare a schedule computing the net cash flow

Prepare a schedule computing the net cash flow from operating activities that would be shown on a statement of cash flows using the direct method.

  What are the tax consequences regarding transactions

Casper and Cecile are divorced this year. As part of the divorce settlement, Casper transferred stock to Cecile. Casper purchased the stock for $25,000, and it had a market value of $43,000 on the date of the transfer. What are the tax consequences f..

  Find what is amount of dividends received

Blossom Company, There were no dividends declared in 2018. What is the amount of dividends received by the common stockholders in 2020?

  What is the firm earnings growth rate

What is the firm's earnings growth rate? The newspaper reported last week that Tisch Enterprises earned $34.12 million this year.

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