Summit Logistics Inc. has an annual net income of $7.5 billion, total revenue of $65.8 billion, and a cost of goods sold of $30 billion. If the balance sheet reports $3.8 billion of inventory, how many weeks of supply does Summit Logistics Inc. hold?
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How many weeks of supply does summit logistics Inc. Hold ?
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and a cost of goods sold of $30 billion. If the balance sheet reports $3.8 billion of inventory,
how many weeks of supply does Summit Logistics Inc. hold?"
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- I want to correct answer general accounting questionLiberty 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.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)
- Morgan Industries had $283 million in sales. Its cost of goods sold was $105 million, and its average inventory balance was $35 million. What is the average number of inventory days outstanding for Morgan's Industries?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?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 ...
- A firm has Sales of $2,820, Cost of Goods Sold of $2,160, Inventory of $504, and Accounts Receivable of $430. How many days does it take for the firm to sell its Inventory?Zarruk Construction's DSO is 34 days (on a 365-day basis), accounts receivable are $68 million, and its balance sheet shows inventory of $156 million. The firm's cost of goods sold is 70% of sales. What is the inventory turnover ratio? a. 3.28 b. 2.00 c. 7.96 d. 4.68 e. 7.51Financial Accounting
- Dabble, Inc. has sales of $970,000 and cost of goods sold of $461,000. The firm had an average inventory of $41,000. What is the length of the days' sales in inventory? (Use 365 days a year. Round your answer to 2 decimal places.) Days' sales in inventory daysA sole proprietorship firm has taxable income of $128,200. Assume this is the sole source of income for the owner. Taxable Tax Rate Income 9,525 10 % %$4 9,526 38,700 12 38,701 82,500 22 82,501 157,500 24 157,500 – 200,000 32 The marginal tax rate is percentWW Co has a current ratio of 2. Receivables are $3 million and current liabilities are $2 million. What are inventory days if cost of sales is $10 million per annum?
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