4. The quick ratio is 1.7 while the current ratio is 2.5. The current liabilities amount to PHP5,000. Cost of goods sold is PHP52,500. What is the inventory turnover? Average age of inventory? 5. Beginning inventory is PHP2,000 while ending inventory is PHP5,000. Cost of goods sold is double the ending inventory and accounts payable is PHP4,000. What is accounts payable turmover? Average payment period? 6. Ending inventory is PHP13,000 while accounts payable is PHP2,500. Purchases were half the ending inventory. What is accounts payable turnover? Average age of payables?

Q: 2. Calculate (a) the maintained markup percent and (b) the gross margin percent with the following…

A: Gross margin is the sales revenue over and above all the direct expenses in the business. Markup is…

Q: During the current year, merchandise is sold for $300,000 cash and for $625,000 on account. The cost…

A: The gross profit is calculated by deducting the cost of goods sold from the sales revenues (Cash +…

Q: if the cost of goods sold is $ 400,000 and credit purchases is $250,000, the inventory balance at…

A: Inventory days turnover is calculated by dividing the number of days in a year by inventory turnover…

Q: During the current year, merchandise is sold for $206,200 cash and $430,300 on account. The cost of…

A: The Gross Profit is figured by deducting the Cost of goods sold (COGS) from Total Sales. It is also…

Q: During the current year, merchandise is sold for $59,180 cash and for $86,380 on account. The cost…

A: Gross Profit is Sales minus Cost of Goods Sold

Q: Prepaid expenses = 1,000; Net Credit Sales = 100; Inventory = 3,000; Cost of Goods Sold = 100;…

A: Current assets means those assets which will be converted in to cash in near future generally one…

Q: Illustration 81. Following information is available for the year ended 31st March, 2015. Calculate…

A: The gross profit is calculated as the difference between the sales and cost of goods sold. The gross…

Q: What is GP?

A: Detailed explanation: Gross profit is the difference between the revenue from both sales on cash and…

Q: Bramble Corporation had net credit sales of $14100000 and cost of goods sold of $9370000 for the…

A: Here, Net Credit Sales is $14100000 Cost of Goods Sold is $9370000 Average Inventory is $1171250

Q: What is the amount of the GP?

A: Explanation of Gross Profit: Gross profit is the amount of money a company makes from its sales…

Q: During the current year, merchandise is sold for $366,100 cash and $1,420,000 on account. The cost…

A: Gross margin (gross profit): Gross margin is the amount of revenue earned from goods sold over the…

Q: Bramble Corporation had net credit sales of $14100000 and cost of goods sold of $9370000 for the…

A: Here, Net Credit Sales is $14100000 Cost of Goods Sold is $9370000 Average Inventory is $1171250

Q: Bramble Corporation had net credit sales of $14100000 and cost of goods sold of $9370000 for the…

A: INVENTORY TURNOVER RATIO Inventory Turnover Ratio is the Ratio between Cost of Goods Sold &…

Q: Want answer

A: Gross Profit: Gross profit is the income after production costs have been subtracted from revenue…

Q: Gross Profit During the current year, merchandise is sold for $140,400 cash and $588,600 on…

A: The cash or profit that is still available after production costs are deducted from sales is known…

Q: 1. a. The quick ratio is 0.09, cash is $10,000 and accounts receivable are $25,000. Accounts payable…

A: Quick ratio is a measure of company's liquidity which analyzes the company's ability to honor and…

Q: Question: During the current year, merchandise is sold for $194,200 cash and $454,200 on account.…

A: Given:>Cash sales (in cash) = $194,200 >Credit sales (on account) = $454,200>Cost of the…

Q: is sold for $173,900 cash and $467,700

A: Gross profit represents the revenue after the deduction of cost of goods sold from the net sales of…

Q: Given the following items , compute the required ones. REQUIRED COST OF SALES GIVEN Asset Turnover :…

A: In accounting, a ratio is used to evaluate the company's financial performance by establishing the…