Wilson Manufacturing reports the following financial data: . • • • Cost of Goods Sold: $580,000 Beginning Inventory: $45,000 Ending Inventory: $95,000 Beginning Accounts Payable: $125,000 Ending Accounts Payable: $155,000 Calculate the days' payables outstanding (DPO). A. 65 days B. 82 days C. 90 days D. 95 days

Wilson Manufacturing reports the following financial data: . • • • Cost of Goods Sold: $580,000 Beginning Inventory: $45,000 Ending Inventory: $95,000 Beginning Accounts Payable: $125,000 Ending Accounts Payable: $155,000 Calculate the days' payables outstanding (DPO). A. 65 days B. 82 days C. 90 days D. 95 days

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Chapter5: The Income Statement And The Statement Of Cash Flows

Section: Chapter Questions

Problem 2MC: The following information is available for Cooke Company for the current year: The gross margin is...

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The following selected information is taken from the financial statements of Arnn Company for its most recent year of operations: During the year, Arnn had net sales of 2.45 million. The cost of goods sold was 1.3 million. Required: Note: Round all answers to two decimal places. 1. Compute the current ratio. 2. Compute the quick or acid-test ratio. 3. Compute the accounts receivable turnover ratio. 4. Compute the accounts receivable turnover in days. 5. Compute the inventory turnover ratio. 6. Compute the inventory turnover in days.
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What is the cost of goods sold? General Accounting question
A company shows the following balances: Sales Revenue $ 10,00,000 Sales Returns and Allowances Sales Discounts Cost of Goods Sold 1,75,000 25,000 6,00,000 What is the gross profit rate? a. 60% b. 75% c. 40% d. 25%
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Question: General Accounting Assume Juniper Natural Dyes made Net Sales Revenue of $90,000 and Cost of Goods Sold totaled $58,000. What was Juniper Natural Dyes gross profit percentage for this period? Round your answer to the nearest whole percent. a. 36% b. 3.4% c. 64% d. 17%
From the following information regarding the year to 31 August 20X6, what is the payables' payment period? $ Sales 43,000 Cost of sales 32,500 Opening inventory 6,000 Closing inventory 3,800 Payables at 31 August 20X6 4,750 A 40 days B 50 days C 53 days D 57 days
Assume Juniper Natural Dyes made Net Sales Revenue of $90,000 and Cost of Goods Sold totaled $58,000. What was Juniper Natural Dyes’s gross profit percentage for this period? (Round your answer to the nearest whole percent.) a. 36% b. 3.4 times c. 64% d. 17%