DO fast answer of this accounting questions An electronics manufacturer producing smartphones reported the followingdata for the previous fiscal year:a) The company had $75 million in annual sales. Their year-end reportshowed they maintained an average inventory worth $15 million in terms ofCOGS throughout the year.b) The annual inventory holding cost rate is 25% of each unit's COGS value,which includes storage costs, insurance, depreciation, and cost of capital.What are the annual inventory holding costs for the manufacturer?

The annual inventory holding cost represents the expenses a company incurs for storing and managing…

Answered: An electronics manufacturer producing…

EBK CONTEMPORARY FINANCIAL MANAGEMENT

14th Edition

ISBN:9781337514835

Author:MOYER

Publisher:MOYER

Chapter3: Evaluation Of Financial Performance

Section: Chapter Questions

Problem 14P

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Please give me answer general accounting question
TOKYO ended the year with an inventory of $935,000. During the year, the firm purchased $6,378,000 of new inventory and the cost of goods sold reported on the income statement was $6,109,000. What was TOKYO's inventory at the beginning of the year?
Spree Company sold $769,300 of goods during the year at a cost of goods sold of $548,600. Inventory was $31,283 at the beginning of the year and $35,538 at the end of the year. What was the inventory turnover ratio for the year?
A manufacturing company..please given answer accounting
Liberty Solutions Inc. has annual sales of $125 million, inventory valued at $35 million, and $18 million in accounts receivable. Determine the Inventory Turnover Ratio (ITR) and Days Sales Outstanding (DSO), assuming an industry average of 90 days.
Vaughn Manufacturing had January 1 inventory of $300000 when it adopted dollar-value LIFO. During the year, purchases were $1850000 and sales were $2930000. December 31 inventory at year-end prices was $435480, and the price index was 114.What is Vaughn Manufacturing’s gross profit?
In a recent annual report, Bonita Inc. reported beginning inventory of $1,400 million and ending inventory of $1,300 million, cost of goods sold of $9,450 million, and net sales of $11,200 million. Compute Bonita's inventory turnover.
e. The average sale period. (The inventory at the beginning of last year totaled$1,920,000.) f. The operating cycle. g. The total asset turnover. (The total assets at the beginning of last year totaled$12,960,000.)
Tokyo's Inventory?
Last year, Wilson's had credit sales of $927,000 and cost of goods sold of $762,000. The beginning of the year inventory was $138,000 and the end of the year inventory was $154,300. If the accounts receivables average $87,400, what is the operating cycle (using average inventories during the year)?
Bobaflex Corporation has endinginventory of $527,156 and cost of goods sold for the year just ended was$8,543,132. What is the inventory turnover? The days’ sales in inventory?How long on average did a unit of inventory sit on the shelf before it wassold?
Gibson's has sales for the year of $538,900, cost of goods sold equal to 73 percent of sales, and an average inventory of $78,300. The profit margin is 7 percent and the tax rate is 21 percent. How many days, on average, does it take the company to sell an inventory item? Assume 365 days per year.

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