Using 360 days in a year, what is Blue Co.’s inventory turnover in 2021? Blue Co. has the following relevant information for the year 2021:Sales revenueP415,000Cost of goods soldInterest expense90,00025,000Profit18,000January 1, 2021P32,000P35,000P95,000December 30, 2021CashP20,000P55,000P70,000ReceivableInventoryAccounts payableTaxes payableP40,000P15,000P45,000P21,000

Inventory turnover ratio is an activity ratio which indicates no. of times company is able to sell…

Answered: Using 360 days in a year, what is Blue…

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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You are given the following information regarding sales and inventory levels over time for your firm: Year Sales 2010 $12,502.00 Inventory $6,869.74 2011 $13,456.00 $7,297.13 $9,263.40 2012 $17,845.00 2013 $15,326.00 $8,134.89 2014 $14,464.00 $7,748.71 Given this information, determine the level of safety stock that the firm holds. $1,334.21 $1,268.85 $1,072.72 $1,138.10 O $1,203.47
Suppose the 2022 financial statements of 3M Company report net sales of $23.1 billion. Accounts receivable (net) are $3.2 billion at the beginning of the year and $3.25 billion at the end of the year. Compute 3M’s accounts receivable turnover. - Accounts Recievable turnover ratio=? (times) Compute 3M’s average collection period for accounts receivable in days - Average collection period =? (days)
The analysis of Inventory Turnover Ratio is as follows: 2015: 4.34 2016: 3.15 2017: 4.76 2018: 2.94 2019: 5.32 a. What is the trend analysis for that Inventory Turnover Ratio and why it is increasing/decreasing?
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Krogen Grocer’s 2016 financial statements show net income of $1,680 million, sales of $153,466 million, and average total assets of $46,350 million.How much is Krogen Grocer’s return on sales for the year? Question 22 options: A) 1.09% B) 30.20% C) 3.62% D) 6.42%
Smith Corporation had Sales of $2,350,000 in 2021 and $2,125,000 in 2020. Cost of Good Sold were $1,400,000 in 2021 and $1,325,000 in 2020. a. What was the percentage change in Sales year to year? b. What was the percentage change in Cost of Goods Sold year to year? c. Relative to the percentage in Sales, would you say the percentage change on Cost of Goods Sold was favorable or unfavorable? d. Is this an example of horizontal or vertical analysis?
Average inventory=1,080,000 Debtors=690,000 Gross Profit ratio=10% Credit sales to total sales=20% Inventory turnover ratio=6 times 1 year is taken as 360 days. With the information given above, find the average collection period.
5 - It is estimated that the next year's sales of the business will be TL 3,150,000. If the inventory turnover rate is 9, what is the amount of the company's inventories? a) 365.000 TL B) 398,000 TL NS) 386,000 TL D) 350,000 TL TO) 325,000 TL
Selected comparative financial statements of Haroun Company follow. HAROUN COMPANY Comparative Income Statements For Years Ended December 31, 2021-2015 ($ thousands) Sales 2021 Cost of goods sold $ 1,769 1,271 2020 $ 1,549 2019 2018 2017 2016 2015 $ 1,410 $ 1,292 $ 1,206 $ 1,121 $ 919 1,034 889 778 723 676 539 Gross profit 498 515 521 514 483 445 380 Operating expenses Net income 377 295 271 200 173 171 142 $ 121 $ 220 $ 250 $ 314 $ 310 $ 274 $ 238 HAROUN COMPANY Comparative Year-End Balance Sheets December 31, 2021-2015 ($ thousands) Assets Cash Accounts receivable, net Merchandise inventory Other current assets Long-term investments Plant assets, net Total assets Liabilities and Equity 2021 2020 2019 2018 2017 2016 2015 $ 108 773 $ 142 812 $ 148 735 2,797 2,036 1,779 $ 151 564 1,499 $ 157 496 $ 155 $ 160 470 332 1,346 1,144 829 72 65 40 71 60 61 32 e B 220 220 220 220 3,422 3,409 2,982 1,683 $ 7,172 $ 6,464 $ 5,684 $ 4,188 $ 4,019 1,740 1,546 $ 3,596 $ 2,900 1,327 Current liabilities…
This year, ABC expects sales of $137,328,000 and a gross profit margin of 16 percent this year, along with an Inventory Turnover Ratio (COGS Basis) of 6.10. What is ABC's projected level of inventory, given these numbers?
In an economy, firms tend to hold 25% of output as inventory.i. If in period 1, total output is 200 units, calculate the stock of inventory inthat period.ii. If production increases by 50% in the following period, calculate inventoryinvestment over the two periods.
The grocery industry has an annual inventory turnover of about 13 times. Organic Grocers, Inc., had a cost of goods sold last year of $11,310,000; its average inventory was $993,980. What was Organic Grocers' inventory turnover, and how does that performance compare with that of the industry? a) What was Organic Grocers' inventory turnover? times per year (round your response to two decimal places).

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