I want to correct answer general accounting question BETA Distribution Inc., has an annual net income of $7.5 billion, the revenueof $58.4 billion, and a cost of goods sold of $28 billion. If the balance sheetamount shows $3.8 billion of inventory how many weeks of supply doesBETA Distribution Inc. hold?

Step 1: Definition of Weeks of SupplyWeeks of supply is a key inventory management metric that…

Answered: BETA Distribution Inc., has an annual…

EBK CONTEMPORARY FINANCIAL MANAGEMENT

14th Edition

ISBN:9781337514835

Author:MOYER

Publisher:MOYER

Chapter3: Evaluation Of Financial Performance

Section: Chapter Questions

Problem 14P

See similar textbooks

Similar questions

How many weeks of supply does summit logistics Inc. Hold ?
Apple Technology Corp., has an annual net income of $12.4 billion, the revenue of $93.7 billion, and a cost of goods sold of $42.5 billion. If the balance sheet amount shows $5.8 billion of inventory how many weeks of supply does Apple Technology Corp. hold?
Apple Technology Corp. hold ?
How many weeks of supply does summit logistics Inc. Hold ? Accounting question
A firm has $200 million annual sales, $180 million costs of goodssold, $40 million of inventory, and $60 million of accountsreceivable. What is its inventory turnover ratio? (4.5) What is itsDSO based on a 365-day year? (109.5 days)
a. EFG reports annual sales of $ 30 million. Annual costs of goods sold is $ 15 million. Inventory is $ 5 million. Net income is $ 2 million. What is the months of supply of EFG ? Show all formulas used, calculations and results. Do on Blk Bd b. RST has monthly turns of 4, annual cost of goods sold $ 12 million, annual revenue of $ 36 million. What is its average inventory ? Show all formulas used, calculations and results. Do on Blk Bd For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac). I U S Paragraph Arial 14px = v = v A ...
What is the value of inventory
Consider a firm with an annual net income of $30 million, revenue of $70 million and cost of goods sold of $35 million. If the balance sheet amountsshow $3.5 million of inventory and $800,000 of property, plant & equipment, what is the inventory turnover?
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.
Financial Accounting
Oliver Incorporated has a current ratio sales and its current liabilities are $2 million. What is the company's inventory turnover ratio? = 2.6, and a quick ratio equal to 2.2. The company has $4 million in
Assume a firm's inventory level of $11,500 represents 33 days of sales. What is the annual cost of goods sold? and what is the inventory turnover ratio?

SEE MORE QUESTIONS

Recommended textbooks for you

EBK CONTEMPORARY FINANCIAL MANAGEMENT

Finance

ISBN:

9781337514835

Author:

MOYER

Publisher:

CENGAGE LEARNING - CONSIGNMENT

EBK CONTEMPORARY FINANCIAL MANAGEMENT

Finance

ISBN:

9781337514835

Author:

MOYER

Publisher:

CENGAGE LEARNING - CONSIGNMENT

SEE MORE TEXTBOOKS

BETA Distribution Inc., has an annual net income of $7.5 billion, the revenue of $58.4 billion, and a cost of goods sold of $28 billion. If the balance sheet amount shows $3.8 billion of inventory how many weeks of supply does BETA Distribution Inc. hold?