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Pul Company has the following details: Sales (60% is on credit)                 1,500,000 Cost of Goods Sold (40% of credit sales)      Year1:                 Year 2: Inventory                          300,000           250,000 Accounts Payable             90,000           105,000 Total Assets                  1,000,000          850,000   Compute the following: 1. Inventory Turnover ratio 2. Accounts Receivable turnover ratio 3. Accounts payable turnover ratio 4. Asset turnover ratio

Pul Company has the following details: Sales (60% is on credit)                 1,500,000 Cost of Goods Sold (40% of credit sales)      Year1:                 Year 2: Inventory                          300,000           250,000 Accounts Payable             90,000           105,000 Total Assets                  1,000,000          850,000   Compute the following: 1. Inventory Turnover ratio 2. Accounts Receivable turnover ratio 3. Accounts payable turnover ratio 4. Asset turnover ratio

Essentials Of Investments
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
Section: Chapter Questions
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Pul Company has the following details:

Sales (60% is on credit)                 1,500,000

Cost of Goods Sold (40% of credit sales)

     Year1:                 Year 2:

Inventory                          300,000           250,000

Accounts Payable             90,000           105,000

Total Assets                  1,000,000          850,000

 

Compute the following:

1. Inventory Turnover ratio

2. Accounts Receivable turnover ratio

3. Accounts payable turnover ratio

4. Asset turnover ratio

 

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