Dabble, Inc. has sales of $980,000 and cost of goods sold of $640,000. The firm had an average inventory of $46,000. What is the length of the days’ sales in inventory?

Q: Tripod Company makes all sales on account. During the current year, Tripod has an average accounts…

A: Accounts receivable turnover is calculated by dividing the Net credit sales by the Average accounts…

Q: Assume a firm's inventory level of $11,000 represents 32 days' sales. Required: a. What is the…

A: The inventory turnover ratio indicates how many times the inventory was sold. It also indicates the…

Q: Net sales are $80,000, cost of goods sold is $30,000, net income is $35,000, inventory is $15,000 at…

A: Inventory turnover ratio computes the number of days the company will take to sell the inventory in…

Q: Sow Tire, Inc. has sales of $1,450,000 and cost of goods sold of $980,000. The firm had a beginning…

A: Sales = $1450000 COGS = $980000 Beginning inventory = $97000 Ending inventory = $82,000 The formula…

Q: A company reports the following:   Cost of goods sold $4,788,800   Average inventory 292,000 Round…

A: Inventory turnover = Cost of goods sold / Average inventory where, Average inventory  = (Beginning…

Q: A recent annual report of Gateway $2000 , Inc. , shows : cost of goods sold. $4,072; inventory at…

A: Operating cycle is the number of days required to receive Inventory, sale of Inventory and…

Q: Last year, Dogwood Company had net sales of $9,375,000 and cost of goods sold of $4,877,000. Dogwood…

A: Formula used: Inventory turnover ratio = Cost of goods sold / Average Inventory

Q: Use the following information:           Net sales $ 205,000   Cost of goods sold   144,000…

A: Ratio analysis is a tool used by the financial analyst to measure the financial performance of the…

Q: company reports the following:   Cost of goods sold $4,445,700   Average inventory 255,500 Determine…

A: Lets understand the basics. Inventory turnover ratio is a ratio which indicates how many time…

Q: Wayne's Wells has sales for the year of P48,900 and an average inventory 21 of P8,800. The cost of…

A: Days Sales Inventory = 365* Average Inventory/ Cost of goods sold

Q: Scribble, Inc. has sales of $94,000 and cost of goods sold of $78,000. The firm had a beginning…

A: Length of the days’ sales is the ration which shows the how much time firm takes to sell its…

Q: Rizza Co. has an average age of inventory equal to 25 days. If its end of year inventory level is…

A: Average age of inventory = 25 days  Inventory level = P8,500

Q: a. EFG reports annual sales of $ 30 million. Annual costs of goods sold is $ 15 million. Inventory…

A: Inventory refers to the goods or items which are stored by the business either for selling or for…

Q: On January 1, Veltron International has inventory worth $599,900 at cost. At the end of the year,…

A: Inventory turnover is the number of times inventory is sold and replaced during the year. It…

Q: Net sales $ 245,000   Cost of goods sold   176,000   Beginning inventory   54,000   Ending inventory…

A: Given information: Net sales is $245,000 Cost of goods sold is $176,000 Beginning inventory is…

Q: ending invento sales in inver

A: First of all, found the Inventory Turn Over Ratio ITOR = Cost of Goods Sold / Average Inventory  If…

Q: what is the operating cycle

A: Answer:   104.42 days

Q: Elephant, Inc.'s cost of goods sold for the year is $1,900,000, and the average merchandise…

A: The question is related to Ratio Analysis. The details are  Average Inventory = $ 132000 Cost of…

Q: The company's inventory turnover ratio is _______.

A: Inventory turnover ratio is a financial ratio that measures the efficiency and effectiveness of a…

Q: A firm has Sales of $2,820, Cost of Goods Sold of $2,160, Inventory of $504, and Accounts Receivable…

A: Sales=$2,820 Cost of Goods Sold=$2,160 Inventory=$504 Accounts Receivable of $430 Inventory Turnover…

Q: 50.85 days 72.65 days

A: Inventory is an excess amount to be maintained by companies to satisfy the needs of customers and…

Q: The Blue Moon Corporation has ending inventory of $400,000, account receivable of $330,000, and cost…

A: Inventory = $400,000Cost of Good Sold = $2,700,000

Q: On average, a firm sells $2,000,000 in merchandise a month. It keeps inventory equal to one-half of…

A: Solution:- Inventory Conversion Period (ICP) refers to the days or time it takes for a firm to…

Q: The King Corporation has ending inventory of $386,735, and cost of goods sold for the year just…

A: Calculate the inventory turnover as follows:

Q: Endor Company begins the year with $90,000 of goods in inventory. At year-end, the amount in…

A: Inventory Turnover Choose Numerator:     /  Choose Denominator:    = Inventory Turnover Cost of…

Q: Dabble, Inc., has sales of $975,000 and cost of goods sold of $476,000. The firm had a beginning…

A: Days sales of inventory (DSI) is the average number of days it takes a company to sell off its…

Q: BL Industries has ending inventory of $201,700, annual sales of $1.24 million, and annual cost of…

A: Ending inventory = $201,700Sales = $1.24 million = $1,240,000Cost of goods sold = $1.04 million =…

Q: A Firm reported year-end cost of goods sold of $10 million. It listed $2 million of inventory on its…

A: Days in inventory measures the number of days the inventory stays on the premises of the firm.

Q: Palmer Co. had cost of goods sold of $7,576, ending inventory of $2,270, and average inventory of…

A: Inventory turnover ratio = Cost of goods sold / Average stock Day sales in inventory = Ending…

Q: Dabble, Inc. has sales of $984,000 and cost of goods sold of $644,000. The firm had a beginning…

A: Day's Sales in Inventory = Ending Inventory / Cost of goods sold * 365 days

Q: ow Tire, Inc. has sales of $1,448,000 and cost of goods sold of $978,000. The firm had an average…

A: Sales = $1,448,000 Cost of Goods Sold = $978,000 Average Inventory = $96,800 Ending Inventory =…

Q: Dabble, Inc. has sales of $970,000 and cost of goods sold of $461,000. The firm had an average…

A: In this question, we are required to determine the days' sales in inventory.

Q: find the inventory turnover at cost.

A: Inventory turnover calculates the number of times inventory can be converted into sales by company.…