ABC Company Limited has an inventory conversion period of 45 days, an accounts receivable collection period of 36 days, and a payables deferral of 35 days (assume a 360 day-year).If the firm’s sales are $4,250,000, how much inventory is on the firm’s statement financial position?

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A: Sales = P200 million Inventory turnover ratio = 5.0 Inventory = Sales/Inventory turnover ratio…

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A:

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A: The question is related to Ratio Analysis. The formula used 1.Current Ratio is calculated with the…

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A:

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A: Lets understand the basics. Days in inventory ratio shows how many days it takes to convert raw…

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A: Days sales outstanding is the number of days taken by firm to convert it's Accounts receivables into…

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A: Accounts Receivable = $5,000,000Number of Days in Period = 365Annual sales = $9,000,000

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A: Debt = 800,000 Total Debt ratio= 0.60 Asset turnover ratio =2

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A: To calculate the inventory we will use the below formula   Inventory = (Current liability*Current…

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Inventory Accounting

Inventory accounting is that branch of accounting that helps in determining the specific value of assets at different stages of production and development.