What is the company’s inventory turnover ratio

Q: XYZ Corporation has ending inventory of $736,928, and cost of goods sold for the year just ended was…

A: Inventory turnover is a financial ratio that measures how many times a company's inventory is sold…

Q: (a) The current ratio of a company is 5:1 and its acid-test ratio is 1:1. If the inventories and…

A: The question is related to Ratio Analysis. The formula used 1.Current Ratio is calculated with the…

Q: The Top Corporation has ending inventory of $719,973 and cost of goods sold for the year just ended…

A: Ending Inventory = $719,973Cost of Goods Sold = $9,935,413Since beginning inventory is not given, we…

Q: The inventory turnover ratio across companies in the furniture industry is 3.289x. Based on this…

A: You are correct. Adams Furniture is holding more inventory per dollar of sales compared with the…

Q: The inventory turnover ratio across companies in the electronics industry is 12.6905x. Based on this…

A: Data given: Cash =$ 30,150 Accounts receivable=$16,750 Total current assets=$67,000 Annual…

Q: ABC Company had net sales of $500,000 and cost of goods sold of $300,000. The company's average…

A: Inventory turnover ratio is a financial metric used to assess the efficiency and effectiveness of a…

Q: Valley Markets has an inventory turnover of 3.2 and a capital intensity ratio of 1.9. What are the…

A: Lets understand the basics. Days in inventory ratio shows how many days it takes to convert raw…

Q: The cost of goods sold for Veltron International last year amounted to $561,000, and the average…

A: Inventory turnover ratio at cost = Cost of goods sold / Average inventory at cost In any business a…

Q: (a) The current ratio of a company is 6:1 and its acid-test ratio is 1:1. If the inventories and…

A: Since you have asked multiple questions, we will solve the first question for you. If you want any…

Q: Soaring Eagles Corp. has total current assets of $11,320,000, current liabilities of $5,204,000 and…

A: Quick Ratio = (Current Assets - Inventory) / Current Liabilities

Q: Oriole corporation has current liabilities of $432,000, a quick ratio of 1.6, inventory turnover of…

A: Current ratio (CR) is the ratio between current asset(CA) and current liabilities(CL).CR =…

Q: A firm has annual sales of $100 million, $20 million of inventory, and $30 million of accounts…

A: The inventory turnover ratio is the number of times a company has sold and replenished its inventory…

Q: Zarruk Construction's DSO is 34 days (on a 365-day basis), accounts receivable are $68 million, and…

A: DSO=34 daysAccounts Receivables=$68 millionInventory=$156 millionCost of goods sold=70% of…

Q: Triple J Company has a current ratio of 3.1. The acid test ratio is 2.4. The current liabilities of…

A: Current ratio :— It is calculated by dividing current assets by current liabilities.  Current ratio…

Q: 1. Blue Air Inc., has net sales of $723,000 and accounts receivables of $165,000. What are the…

A: Accounts receivable turnover measures how much times are the net sales of the firm in comparison of…

Q: If a company has sales of $1,300,000 and inventory of $245,000 and net income of $85,000, what is…

A: Sales = s = $1,300,000Inventory = i = $245,000Net Income = ni = $85,000

Q: A firm has sales of $1,040, net income of $208, net fixed assets of $508, and current assets of…

A: To calculate the common-size balance sheet value of inventory, we need to first find the total…

Q: What is the inventory turnover if COGS is $10,000, beginning inventory was 200, and ending inventory…

A: Inventory Turnover:This is a financial metric used to quantify the number of times inventory is used…

Q: The Zone, Inc. has an ROE of 0.10, no debt, and a Total Asset Turnover of 2.8x. What is the Zone's…

A: Net profit margin is a measure of the profitability of a company. Days' Sales in Inventory is the…

Q: Ivanhoe Corp. has total current assets of $6,608,000, current liabilities of $4,255,000, and a quick…

A: The assets that are liquidated and converted in cash within a time period of one year and less than…

Q: A firm has sales of $1,040, net income of $208, net fixed assets of $508, and current assets of…

A: Total Assets = Fixed Assets + Current AssetsTotal Assets = 508+264Total Assets = $772 Common-size…

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: 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: The cost of goods sold for Veltron International last year amounted to $547,800, and the average…

A: Inventory turnover refers to the rate at which the inventory in the company is sold, used, and…

Q: A concrete corporation had cost of goods sold of $1,550,000 for the third quarter. The beginning…

A: Inventory turnover ratio is calculated by dividing cost of goods sold by average balance of…

Q: (b) A company had an average inventory last year of $209,000 and its inventory turnover was 6. If…

A: The current ratio, commonly referred to as the working capital ratio, assesses a company's capacity…

Q: The cost of goods sold for Veltron International last year amounted to $534,600, and the average…

A: The inventory turnover ratio can be calculated by dividing the cost of goods sold by average…

Q: A firm has sales of $1,200, net income of $224, net fixed assets of $540, and current assets of…

A: The common size balance sheet measures each item of the balance sheet as a percentage of total…

Q: 1. The revenue for a firm is $2,500,000. Its cost of revenue is $850,000, and its average inventory…

A: Inventory turnover is calculated by dividing cost of goods sold by the average balance of…

Q: Carla Vista Corporation has current liabilities of $422,000, a quick ratio of 1.9, inventory…

A: Lets understand the basics.Current ratio compares current liabilities as compared to current assets.…

Q: Cullumber Corp. has a gross profit margin of 40.00 percent, sales of $39,000,000, and inventory of…

A: Inventory turnover is a ratio showing how many times a company has sold and replaced inventory…