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?
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JP Vineyards has sales of $894,000, a gross profit margin of
0.362, and inventory of $172,000....
Oriole Inc. has sales of $5,800,000, a gross profit margin of 32.0 percent, and inventory of...
Oriole Inc. has sales of $5,800,000, a gross profit margin of 32.0 percent, and inventory of $850,000. What are the company's inventory turnover ratio and days' sales in inventory? (Round inventory turnover ratio to 3 decimal places, e.g. 12.555 and days' sales in inventory to 1 decimal place, e.g. 12.5. Use 365 days for calculation.)
Question 3. The Timber Ridge Company has the following relationships: Sales/Total assets = 3.80; ROA =...
Question 3. The Timber Ridge Company has the following relationships: Sales/Total assets = 3.80; ROA = 0.0980 What is Timber Ridge’s net profit margin? Round to 3 decimal places. Question 5 Archware Systems has total assets of $35.594 billion, total debt of $9.678 billion, and net sales of $23.720 billion. Their net profit margin for the year was 0.22, while the operating profit margin was 30 percent. What is Archware’s net income? (Answer needs to be stated in billions. For...
(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...
The Brenmar Sales Company had a gross profit margin (gross profits divided by sales) of 29...
The Brenmar Sales Company had a gross profit margin (gross profits divided by sales) of 29 percent and sales of $8.1 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 $298,800 and it has $107,300 in cash plus marketable securties. A. If Brenmar's accounts receivale equal $561,600, what is is average collection period? B. If Brenmar reduces its average collection period...
(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...
Question 2 (1 point) Boulder Mountain Ski Company has total assets of $497,600,000 and a debt...
Question 2 (1 point) Boulder Mountain Ski Company has total assets of $497,600,000 and a debt ratio of 0.26. Calculate the company’s debt-to-equity ratio. Round to two decimal places. Question 3 (1 point) The Timber Ridge Company has the following relationships: Sales/Total assets = 2.90; ROA = 0.0920 What is Timber Ridge’s net profit margin? Round to 3 decimal places. Question 5 (1 point) Archware Systems has total assets of $35.594 billion, total debt of $9.678 billion, and net sales...
(Efficiency analysis) The Brenmar Sales Company had a gross profit margin (gross profitsdivided by÷sales) of 32...
(Efficiency analysis) The Brenmar Sales Company had a gross profit margin (gross profitsdivided by÷sales) of 32 percent and sales of $9.8 million last year. 79 percent of the firm's sales are on credit, and the remainder are cash sales. Brenmar's current assets equal $1.7 million, its current liabilities equal $297,000, and it has $107,400 in cash plus marketable securities. a. If Brenmar's accounts receivable equal $562,100, 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...
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...
Oriole Inc. has sales of $5,800,000, a gross profit margin of 32.0 percent, and inventory of $850,000. What are the company's inventory turnover ratio and days' sales in inventory? (Round inventory turnover ratio to 3 decimal places, e.g. 12.555 and days' sales in inventory to 1 decimal place, e.g. 12.5. Use 365 days for calculation.)
(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). (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...
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