Homework Answers
rate positively ..
| Inventory turnover = Cost of goods sold/Average inventory | |||||
| a | Cost of goods sold = | 982500 | |||
| b | Average inventory = | 285000 | |||
| (312500+257500)/2 | |||||
| c=a/b | Inventory turnover = | 3.45 | |||
| Ans= | 3.45 |
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presented below.
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presented below.
Additional information:
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plant assets. No plant assets were sold in 2020.
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(Show amounts in the investing and financing sections
that decrease cash flow with either a - sign e.g. -15,000 or in
parenthesis e.g. (15,000).)
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presented below.
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presented below.
Additional information:
During the year, $70 of common stock was issued in exchange for
plant assets. No plant assets were sold in 2020.
Prepare a statement of cash flows using the direct method.
(Show amounts in the investing and financing sections
that decrease cash flow with either a - sign e.g. -15,000 or in
parenthesis e.g. (15,000).)
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