Chapter 3, Problem 18E

Bobby's inventory turnover ratio is 17.58based on sales of $22,500,000. The firm's current ratio equals 9.47 with current liabilities equal to $380,000. If the firm's cash and market able securities equal $672,434, what is the firm's days sales outstanding? a. 26.71 b. 47.47 c. 58.38  d. 37.62

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What is the ending inventory under variable costing ?

General accounting question

A company has $1,620 in inventory, $5,120 in net fixed assets, $710 in accounts receivable, $280 in cash, $580 in accounts payable, and $5,980 in equity.

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What is the estimated ending inventory on May 31 ?