inventory turnover ratio = cost of goods sold / ((opening inventory + closing inventory)/2)
=2,850,000/((480,000+490,000)/2)
=2,850,000/4,85,000
= 5.82
thumbs uo if correct thanks! Based on the following financial statements: Income Statement Sales Cost of...
thumbs up if correct thanks! Based in the following financial statements: Income Statement 2012 Sas Cost of goods sold Depreciation Saling & administrative expenses ERIT Interest expenso Taxable incomo Taxos Not Income Balance Sheet, year-end Assets Cash Accounts receivable Inventory Total currents Fbxed assets $5,500,000 2,850,000 280,000 1,500,000 870.000 130,000 740.000 330,000 $ 410,000 2012 2011 $ 50,000 880,000 490.000 $1,200,000 3,100,000 $4,300,000 $ 40,000 890,000 480.000 $1,210,000 2.800.000 $4,010,000 Total assets Liabilities and shareholders' equity Accounts payable Short-term debit...
thumbs up if correct thanks! Based on the following financial statements: Income Statement Sales Cost of goods sold Depreciation Seling & ministrative expenses EBIT Interest expenso Taxable income Taxes Not income 2012 $5,500,000 2,850,000 280,000 1.500.000 870.000 130.000 740,000 330,000 $ 410,000 2012 2011 Balance Sheet, year-end Assets Cash Accounts receivable Inventory Total current assets Fixed assets $ 50.000 680.000 490,000 $1,200,000 3,100,000 $4,300,000 $ 40,000 600,000 480.000 $1,210,000 2,800,000 $4,010,000 Total assets Liabilities and shareholders' equity Accounts payable Short-term...
thumbs up if correct thanks! Based on the following financial statements: Income Statement 2012 Sais Cost of goods sold Depreciation Seling & administrative expenses EBIT Interest expenso Taxable income TO Not income $5,500,000 2,850,000 280,000 1,500,000 870,000 130.000 740.000 330.000 $ 410,000 2012 2011 Balance Sheet, year-end Assets Cash Accounts receivable Inventory Total current assets Food at Total assets Liabilities and shareholders' equity Accounts payabio Short-term dobit Total current abati Long term bonos Total $ 50,000 880,000 400,000 $1,200,000 3,100,000...
thumbs up if correct thanks! Based on the following financial statements: Income Statement 2012 Sales Cost of goods sold Depreciation Seling & administrative copenses EBIT Interest exponse Taxable incomo Taxes Not income Balance Sheet, year-end Assets Cash Accounts recolvable Inventory Total current assets Fixed assets Total assets $5,500,000 2,850,000 280,000 1,500,000 870,000 130.000 740.000 330.000 $ 410,000 2012 2011 S 50.000 660,000 490,000 $1.200,000 3.100,000 $4,300,000 $ 40,000 690.000 480.000 $1,210,000 2,800,000 $4,010,000 Liabilities and shareholders' equity Accounts payable Short-term...
thumbs up if correct thanks! Based on the following financial statements: Income Statement Sales Cost of goods sold Depreciation Soling & administrative expenses EBIT Interest expense Taxable income Taxes Net Income 2012 $5,500,000 2,850,000 280,000 1.500,000 870,000 130.000 740,000 330,000 $ 410,000 2012 2011 Balance Sheet, year-end Assets Cash Accounts receivabo Inventory Total current assets Food assets Totalassots Liabilities and shareholders' equity Accounts payable Short-term dobt Total current Long-term bonds Totallablitos $ 50.000 660.000 490,000 $1,200,000 3,100,000 $4,300,000 $40,000 690.000...
thumbs up if correct thanks! Based on the following financial statements: 2012 $5,500,000 2,850,000 280,000 1,500,000 870,000 130,000 740,000 330.000 $ 410,000 2012 2011 Income Statement Sales Cost of goods sold Depreciation Soling & administrative expenses EBIT Interest expense Taxable income Taxes Not income Balance Sheet, year-end Assets Cash Accounts receivable Inventory Total current assets Fixed assets Total assots Liabilities and shareholders' equity Accounts payable Short-term debit Total current liabilities Long-term bonds Total labios $ 50,000 680.000 490.000 $1.200.000 3.100.000...
thunbs up if correct thanks! 2011 Based on the following financial statements: Income Statement 2012 Sales $5,500,000 Cost of goods sold 2,850,000 Depreciation 280.000 Soling & administrative expenses 1,500,000 EBIT 870,000 Interest expense. 130,000 Taxable income 740,000 TAXOS 330,000 Not incomo $410,000 Balance Sheet, year-end 2012 Assets Cash $ 50,000 Accounts receivable 680,000 Inventory 490.000 Total current assets $1,200,000 Fixed assets 3,100,000 Total assets $4,300,000 Liabilities and shareholders' equity Accounts payable $ 340,000 Short-term dobt 480.000 Total current lotos $...
thumbs up of correct thanks! Based on the following financial statements: Income Statement 2012 $5,500,000 2,850,000 280,000 1,500,000 870,000 130,000 740,000 330,000 $ 410,000 2012 2011 Salos Cost of goods sold Depreciation Seling & administrative expenses EBIT Inforest expense Taxable income Taxes Net Income Balance Sheet, year-end Assets Cash Accounts rocovabilo Inventory Total current sets Fixed assets Total assets Liabilities and shareholders' equity Accounts payable Short-term dobt Total current liabilities Longform bonds Total abetos $ 50,000 660,000 490.000 $1,200,000 3,100,000...
thumbs up if correct thanks! Based on the following financial statements: 2012 Income Statement Salos Cost of goods sold Depreciation Soling & administrative expenses EBIT Interest Conso Taxable income TO Net income $5,500,000 2,850,000 280,000 1,500,000 870,000 130,000 740,000 330,000 $ 410,000 2012 2011 Balance Sheet, year-end Assets Cash Accounts receivable Inventory Total current assets FBodas Total assets Liabilities and shareholders' equity Accounts payable Short-term debit Total current at Long-tom bonds Totallabates $ 50.000 680,000 490,000 $1,200,000 3,100,000 $4,300,000 $...
thumbs up if correct thanks! Based on the following financial statements: 2012 Income Statement Sales Cost of goods sold Depreciation Sing & administrative expenses EBIT Interest expense Table income Таа Net noomne Balance Sheet, year-end Assets $5,500,000 2,850,000 280,000 1,500,000 870,000 130,000 740,000 330,000 $ 410,000 2012 2011 $ 50.000 680,000 490,000 $1,200,000 3,100,000 $4,300.000 $ 40.000 600.000 480.000 $1,210.000 2.800.000 $4.010.000 Accounts rocovable Inventory Total current assets Fixed assets Total assets Liabilities and shareholders' equity Accounts payable Short-term dobi...