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Oriole Inc. has sales of $5,800,000, a gross profit margin of 32.0 percent, and inventory of...
nment MESSAGE MY INSTRUCTOR 1BACK NEXT FULL SCREEN PRINTER VERSION Question 2 Sorenson Inc. has sales...
nment MESSAGE MY INSTRUCTOR 1BACK NEXT FULL SCREEN PRINTER VERSION Question 2 Sorenson Inc. has sales of $3,322,000, a gross profit margin of 22.77 percent, and inventory of $946,000. What are the company's inventory turnover ratio and days' sales in inventory? (Use 365 days for calculation. Round inventory turnover ratio to 3 decimal places, eg. 12.5ss and days in inventory to 1 decimal places, e.g. 12.5.) Sorenson's inventory turnover ratio is times and its days sales in inventory is days....
This information is available for Culver Inc. for 2021 and 2022. (in millions) 2021 2022 Beginning...
This information is available for Culver Inc. for 2021 and 2022. (in millions) 2021 2022 Beginning inventory Ending inventory $2,239 $2,442 2,442 2,958 24,943 23,259 Cost of goods sold Sales 43,441 42,427 Calculate the inventory turnover, days in inventory, and gross profit rate for Culver Inc. for 2021 and 2022. (Round gross profit rate to 2 decimal places, eg. 0.25 and all other answers to 1 decimal place, e.g. 15.2. Use 365 days for calculation.) 2021 2022 Inventory turnover ratio...
Shelton, Inc., has sales of $20 million, total assets of $17.6 milion, and total debt of...
Shelton, Inc., has sales of $20 million, total assets of $17.6 milion, and total debt of $6.7 million. Assume the profit margin is 8 percent. What is the company's net income? (Do not round intermediate calculations. Enter your answer in dollars not in millions, e.g., 1,234,567.) Net income $ 1,600,000 What is the companys ROA? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) ROA 9.09 % What is the company's...
JP Vineyards has sales of $894,000, a gross profit margin of 0.362, and inventory of $172,000....
JP Vineyards has sales of $894,000, a gross profit margin of 0.362, and inventory of $172,000. What is the company's inventory turnover ratio?
Calculating Gross Profit Margin and Inventory Turnover The following table presents sales revenue, cost of goods...
Calculating Gross Profit Margin and Inventory Turnover The following table presents sales revenue, cost of goods sold, and inventory amounts for three retailers of fine jewelry, Tiffany & Co., Zale Corporation, and Blue Nile, Inc. (an Internet retailer). (5 millions) 2013 2012 Tiffany & Co. Revenues $4,031 $3,794 Cost of goods sold 1,091 1,631 Inventory 2.327 2.234 Zale Corporation Revenues 51,885 51.867 Cost of goods sold 904 906 Inventory 768 742 Blue Nile, Inc Revenues 5450 5400 Cost of goods...
(Efficiency analysis) The Brenmar Sales Company had a gross profit margin (gross profits = sales) of...
(Efficiency analysis) The Brenmar Sales Company had a gross profit margin (gross profits = sales) of 28 percent and sales of $8.9 million last year. 78 percent of the firm's sales are on credit, and the remainder are cash sales. Brenmar's current assets equal $1.2 million, its current liabilities equal $299,900, and it has $109,300 in cash plus marketable securities. a. If Brenmar's accounts receivable equal $563,300, what is its average collection period? b. If Brenmar reduces its average collection...
(Efficiency analysis) The Brenmar Sales Company had a gross profit margin (gross profits - sales) of...
(Efficiency analysis) The Brenmar Sales Company had a gross profit margin (gross profits ÷ sales) of 34 percent and sales of $8.4 million last year. 70 percent of the firm's sales are on credit, and the remainder are cash sales. Brenmar's current assets equal $1.2 million, its current liabilities equal $297,500, and it has $104,400 in cash plus marketable securities. a. If Brenmar's accounts receivable equal $562,000, what is its average collection period? b. If Brenmar reduces its average collection period to...
The Brenmar Sales Company had a gross profit margin (gross profits divided by sales) of 25...
The Brenmar Sales Company had a gross profit margin (gross profits divided by sales) of 25 percent and sales of $ 8.1 million last year. 75 percent of the firm's sales are on credit, and the remainder are cash sales. Brenmar's current assets equal $ 1.3 million, its current liabilities equal $ 301300, and it has $ 102900 in cash plus marketable securities. a. If Brenmar's accounts receivable equal $ 562400, what is its average collection period? b. If...
Calculating Gross Profit Margin and Inventory Turnover The following table presents sales revenue, cost of goods...
Calculating Gross Profit Margin and Inventory Turnover The following table presents sales revenue, cost of goods sold, and inventory amounts for three retailers of fine jewelry, Tiffany & Co., Zale Corporation, and Blue Nile, Inc. (an Internet retailer). 2013 2012 $4,031 53,794 1,091 1,631 2.327 2.234 (5 millions) Tiffany & Co. Revenues cost of goods sold Inventory Zale Corporation Revenues Cost of goods sold Inventory Blue Nile, Inc. Revenues cost of goods sold Inventory 51.888 $1.867 904 906 768 742...
(Efficiency analysis) The Brenmar Sales Company had a gross profit margin (gross profits divided by÷sales) 26...
(Efficiency analysis) The Brenmar Sales Company had a gross profit margin (gross profits divided by÷sales) 26 percent and sales of $ 9.9 million last year. 78 percent of the firm's sales are on credit, and the remainder are cash sales. Brenmar's current assets equal $1.8 million, its current liabilities equal $ 300,700, and it has $100,100 in cash plus marketable securities.a. If Brenmar's accounts receivable equal $563,200, what is its average collection period?b. If Brenmar reduces its average collection...
nment MESSAGE MY INSTRUCTOR 1BACK NEXT FULL SCREEN PRINTER VERSION Question 2 Sorenson Inc. has sales of $3,322,000, a gross profit margin of 22.77 percent, and inventory of $946,000. What are the company's inventory turnover ratio and days' sales in inventory? (Use 365 days for calculation. Round inventory turnover ratio to 3 decimal places, eg. 12.5ss and days in inventory to 1 decimal places, e.g. 12.5.) Sorenson's inventory turnover ratio is times and its days sales in inventory is days....
This information is available for Culver Inc. for 2021 and 2022. (in millions) 2021 2022 Beginning inventory Ending inventory $2,239 $2,442 2,442 2,958 24,943 23,259 Cost of goods sold Sales 43,441 42,427 Calculate the inventory turnover, days in inventory, and gross profit rate for Culver Inc. for 2021 and 2022. (Round gross profit rate to 2 decimal places, eg. 0.25 and all other answers to 1 decimal place, e.g. 15.2. Use 365 days for calculation.) 2021 2022 Inventory turnover ratio...
Shelton, Inc., has sales of $20 million, total assets of $17.6 milion, and total debt of $6.7 million. Assume the profit margin is 8 percent. What is the company's net income? (Do not round intermediate calculations. Enter your answer in dollars not in millions, e.g., 1,234,567.) Net income $ 1,600,000 What is the companys ROA? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) ROA 9.09 % What is the company's...
Calculating Gross Profit Margin and Inventory Turnover The following table presents sales revenue, cost of goods sold, and inventory amounts for three retailers of fine jewelry, Tiffany & Co., Zale Corporation, and Blue Nile, Inc. (an Internet retailer). (5 millions) 2013 2012 Tiffany & Co. Revenues $4,031 $3,794 Cost of goods sold 1,091 1,631 Inventory 2.327 2.234 Zale Corporation Revenues 51,885 51.867 Cost of goods sold 904 906 Inventory 768 742 Blue Nile, Inc Revenues 5450 5400 Cost of goods...
(Efficiency analysis) The Brenmar Sales Company had a gross profit margin (gross profits = sales) of 28 percent and sales of $8.9 million last year. 78 percent of the firm's sales are on credit, and the remainder are cash sales. Brenmar's current assets equal $1.2 million, its current liabilities equal $299,900, and it has $109,300 in cash plus marketable securities. a. If Brenmar's accounts receivable equal $563,300, what is its average collection period? b. If Brenmar reduces its average collection...
Calculating Gross Profit Margin and Inventory Turnover The following table presents sales revenue, cost of goods sold, and inventory amounts for three retailers of fine jewelry, Tiffany & Co., Zale Corporation, and Blue Nile, Inc. (an Internet retailer). 2013 2012 $4,031 53,794 1,091 1,631 2.327 2.234 (5 millions) Tiffany & Co. Revenues cost of goods sold Inventory Zale Corporation Revenues Cost of goods sold Inventory Blue Nile, Inc. Revenues cost of goods sold Inventory 51.888 $1.867 904 906 768 742...
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