Suppose the following: Beginning Inventory = 11257 Ending Inventory= 12407 Beginning Receivables = 6167 Ending Receivables = 6879 Beginning Payables = 8498 Ending Payables = 8829 Credit Sales = 93480 Cost of Goods Sold = 72325 Calculate the following (round final answers to 2 decimal places): Operating Cycle = days Cash Cycle = days

Suppose the following: Beginning Inventory = 11257 Ending Inventory= 12407 Beginning Receivables = 6167 Ending Receivables = 6879 Beginning Payables = 8498 Ending Payables = 8829 Credit Sales = 93480 Cost of Goods Sold = 72325 Calculate the following (round final answers to 2 decimal places): Operating Cycle = days Cash Cycle = days

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

Problem 1PS

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Similar questions

Metlock Company's record of transactions concerning part X for the month of April was as follows. Purchases April 1 (balance on hand) 4 11 18 26 30 290 (@ $6.00 590 @ 6.10 490 @ 6.40 6.40 6.70 7.00 390 @ 790 @ 390 @ Sales April 5 12 27 28 490 390 1,180 150
Compute the days’ sales in inventory for International Paper and Walmart. Round to nearest day. Compute the return on sales for International Paper and Walmart. Round to one decimal place.
Some of the information found on a detail inventory card for Crane Inc. for the first month of operations is as follows. Date January 2 7 10 13 18 20 23 26 28 31 Received No. of Units 1,300 700 1,100 1,400 1,700 Unit Cost $3.03 3.23 3.33 3.43 3.54 Issued, No. of Units 800 600 400 1,100 900 1,400 Balance, No. of Units 1,300 500 1,200 600 1,300 200 1,600 700 2,400 1,000
Compute the inventory at September 30 on each of the following bases. Assume that perpetual inventory records are kept in units only. (1) First-in, first-out (FIFO). (2) Last-in, first-out (LIFO). (3) Average-cost. (Round average cost per unit to 2 decimal places, e.g. 2.76 and final answers to O decimal places, e.g. 6,548.) Ending Inventory $ (1) FIFO (2) LIFO $ (3) Average-cost
Given the following information Compute: (A) age of inventory; and (B) operating cycle. (check the attached picture) Choose the bullet with the correct answer (A) 18.5 days and (B) 25.5 days (A) 28.5 days and (B) 35.5 days (A) 28.5 days and (B) 55.5 days (A) 38.5 days and (B) 75.5 days (A) 38.5 days and (B) 95.5 days
Based on the following information compute (a) inventory turnover, (b) average daily cost of merchandise sold, and (c) days' sales in inventory for the current year. Use a 365-day year. Item Prior Year Current Year Cost of merchandise sold $172,900 $215,000 Inventory 18,000 12,000 If required, round your answers to two decimal places. (a) Inventory turnover times (b) Average daily cost of merchandise sold $ (c) Days' sales in inventory days (d) If an inventory turnover of 12 is average for the industry, how is this company doing?
Pina Furniture Ltd. uses a perpetual inventory system and has a beginning inventory, as at June 1, of 490 bookcases at a cost of $132 each. During June, the company had the following purchases and sales of bookcases: Date June (a) 6 10 14 16 26 Purchases Units Unit cost 1,160 $134 1,780 970 135 136 Sales Units Unit price 950 1,660 $201 206
Q9
Attached are the spreadsheet and numbers from problem for numbers to be placed
calculate number of days sales in inventory
Question: The cost of goods sold as a percentage of net sales revenue is (round your answer to two decimal places). Sales Revenue $420,000 Sales Returns and Allowances 1,400 Sales Discounts Net Sales Revenue Cost of Good Sold a) 62.45% b) 62.58% c) 61.90% d) 62.24% 850 417,750 260,000
Solve for the missing information designated by "?" in the following table. (Use 365 days in a year. Round the inventory turnover ratio to one decimal place before computing days to sell. Round days to sell to one decimal place.) Case a. b. C. $ $ Beginning Inventory Purchases 200 $ 300 900 Cost of Goods Sold $ $ $ 900 $ 1,600 1,400 $ Ending Inventory 200 100 Inventory Turnover Ratio 8.0 Days to Sell 26.1

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