What was the days inventory outstanding

Assignment Help Financial Management
Reference no: EM132364327

Question

?Carey's Department Store had net sales of? $20 million and cost of goods sold of $ 15.00 million for the year. The beginning inventory for the year was $5.00 million. The ending inventory for the year was $ 8.00 What was the? days' inventory?outstanding? (Round any intermediary calculations to two decimal places and your final answer to the nearest? day.)

Reference no: EM132364327

Questions Cloud

Create a description of a learning activity : Keeping the audience and learning need in mind, create a description of a learning activity that aligns to the objectives. Select an audience and learning need.
What is a spreadsheet : What is a spreadsheet? List three functions that help differentiate a spreadsheet from other software.
Discuss whether some health organizations : Discuss whether some health organizations are exempt from quality improvement initiatives because they provide basic, minimal services.
Biblical concept of stewardship to produce quality outcomes : Discuss how Christian health administrators can use the biblical concept of stewardship to produce quality outcomes.
What was the days inventory outstanding : The beginning inventory for the year was $5.00 million. The ending inventory for the year was $ 8.00 What was the? days' inventory?outstanding?
National labor relation board : Should administrative agencies like the National Labor Relation Board be allowed to render administrative law decisions
The average collection period of the receivables? was : ?Marie's Clothing Store had an accounts receivable balance of $ 410,000 at the beginning of the year and a year -end balance of $550,000.
Explain in detail what action or words you would do : Explain in detail what action or words you would do/say. BE SPECIFIC. Write in first person, "I would...." The key here is to write what you would do
Porter three competitive strategies : Using Porter's three competitive strategies (cost, differentiation and focus), choose a company that uses each strategy and explain why.

Reviews

Write a Review

Financial Management Questions & Answers

  How much more spendable income would each stockholder

Charleston Corporation (CC) now operates as a "regular" corporation, but it is considering a switch to S Corporation status. CC is owned by five stockholders who each hold 20% of the stock, and each faces a personal tax rate of 35%. How much more (or..

  Each of the strip components of the five year t-note

Assume that on each of the STRIP components of the five year T-Note, the yield-to-maturity drops to 7.50%. 1 Calculate the present value (PV) of the whole packa

  Contribution to society of the foreign exchange market

contribution to society of the foreign exchange market

  What is the present value of the horizon value

Micro Bike Company has short term investment of 50 debt of 1500 and preferred stock of 200. The equity of the micro bike has 100 shares. The company forecasts following: Based upon the above answer the following: What is the present value of the free..

  Reinsure part of insurer risks

Occasionally, Insurer X will reinsure part of Insurer Y’s risks, and Insurer Y will reinsure part of Insurer X’s risks.

  The introduction of a weight loss smoothie

SSC is considering another project: the introduction of a "weight loss" smoothie.

  Current business operating cycle and cash conversion cycle

What are Stewart's current business operating cycle and cash conversion cycle?

  Estimated incorrectly by the percent of sales method

Fixed assets are often estimated incorrectly by the percent of sales method because

  Expected return on portfolio-expected returns on stocks

You own a portfolio that has $3,100 invested in Stock A and $4,200 invested in Stock B. Assume the expected returns on these stocks are 11 percent and 17 percent, respectively. What is the expected return on the portfolio?

  Calculate the book value-liquidation value-replacement value

We know the following regarding Ryan Inc. Total A are $200m, Debt is $60m, Equity is $130m, cash is $50m and the number of shares is 1m. I estimate that the market value of equity is 3 times the book value of it. A fire sale of the firm would bring 4..

  Calculate new average collection period-accounts receivable

Fitzgerald Company has credit terms of 2/15, n60. The historical payment patterns of its customers are as follows: Annual sales are $730,000. Assume there are 365 days in a year. Calculate the new average collection period (ACP) and accounts receivab..

  Considering the purchase of new bottling machine

Caine Bottling Corporation is considering the purchase of a new bottling machine. Calculate the net present value.

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