User Account

All Pages

What was the inventory turnover

Assignment Help Financial Accounting
Reference no: EM132497972

Question 1: During 2010, Central Company purchased P960,000 of inventory. The cost of goods sold for 2010 was P900,000 and the ending inventory at December 31, 2010 was P180,000. What was the inventory turnover for 2010?

a. 6.4

b. 6.0

c. 5.3

d. 5.0

Reference no: EM132497972

Questions Cloud

Analyse the role of management information systems : Critically analyse the role of management information systems in sustaining successful organisations and Establish and justify governance processes for business
Show results for electric field E for the time dependences : Show results for the electric field E for the time dependences (a) and (b) for the three values of ? each (total 6 figures) as a function of x
What is the maximum price you are willing to invest : What is the maximum price you are willing to invest in that bond? Show your calculation. what is the current yield of the bond?
Calculate earnings after taxes : Given that earnings before interest and taxes are $180,000, calculate earnings after taxes for each of your alternatives
What was the inventory turnover : The cost of goods sold for 2010 was P900,000 and the ending inventory at December 31, 2010 was P180,000. What was the inventory turnover for 2010?
What is the price earnings ratio : 2010 was 50,000 shares. Cherry Corporation's common stock is selling for P60 per share in the local stock exchange. What is the price earnings ratio??
Why a receivable may become uncollectible : List three common-sense reasons why a receivable may become uncollectible? At December 31, 2019, the following information was available for Deen Company
Find what the company net income is : What The company net income is? The times interest earned ratio of Cree Company is 4.5 times. The interest expense for the year.
What is the amount of the gain or loss on the transaction : What is the amount of the gain or loss on the transaction? (and please be sure to write the word "gain" or "loss" after your dollar answer)

Reviews

Write a Review

Financial Accounting Questions & Answers

  Lewis incorporated and clark enterprises

Lewis Incorporated and Clark Enterprises report the following amounts for 2012.

  Cash flows for rajesh company using the direct method

Prepare a statement of cash flows using the indirect method - Compute free cash flow and Prepare a statement of cash flows for Rajesh Company using the direct method.

  Journalize the transactions for taylor company

Determine and Journalize the transactions for Taylor Company. Taylor Company had the transactions occurred in the month of March

  The decision of the eighth circuit court of appeals

John is a resident of Minnesota. Her 2015 federal income tax return is currently under audit. John and the Internal Revenue Service Agent assigned to his case have resolved all issues in his case except one. If John filed a petition in tax court, is ..

  Establish an improved product image and reputation

Products with better quality will help establish an improved product image and reputation, allowing the division to capture new customers and increase market share.

  What is the incremental revenue associated with the price

What is the incremental revenue associated with the price reduction of sauce?

  Common stock transactions and stockholders equityon march 1

common stock transactions and stockholders equityon march 1 2010 blank company began operation with a corporate charter

  What amounts for arc inc would appear in smith

If the marketing software was overvalued by $22,000, what amounts for Arc Inc. would appear in Smith's December 31, 2017, consolidated financial statements?

  Complete the worksheet

Complete the subsequent worksheet, assuming that on 1 st January, 2011, Weiss Corporation purchased Rock Corporation. Rock's functional currency is FC.

  Calculate the closing inventory in trade

From the following figures calculate the closing inventory-in-trade that would be shown using FIFO, LIFO, AVCO methods.

  Determine the amount of interest expense

On January 1, 2010, Yeargan Company obtained an $88,000, seven year 5% installment note from Farmers Bank. The note requires annual payments of $15,208.

  Including horizontal-vertical and changes in ratios

To begin, research the latest two years of financial statements for a publicly traded organization based in the U.S. Obtain the organization's three most recent annual reports. Identify the industry of the organization and present industry statistics..

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