Bramble Corporation had net credit sales of $14100000 and cost of goods sold of $9370000 for the year. The average inventory for the year amounted to $1171250. The inventory turnover for the year is 12.0 times O 3.3 times. O 8.0 times O 1.5 times.
Bramble Corporation had net credit sales of $14100000 and cost of goods sold of $9370000 for the year. The average inventory for the year amounted to $1171250. The inventory turnover for the year is 12.0 times O 3.3 times. O 8.0 times O 1.5 times.
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
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The Return on Equity (RoE) is a measure of the profitability of a business concerning the funds by its stockholders/shareholders. ROE is a metric used generally to determine how well the company utilizes its funds provided by the equity shareholders.
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Transcribed Image Text:Bramble Corporation had net credit sales of $14100000 and cost of goods sold of $9370000 for the year. The average inventory for
the year amounted to $1171250. The inventory turnover for the year is
O 12.0 times.
O 3.3 times.
O
8.0 times.
O
1.5 times.
Comforter
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