Homework Answers
a) Inventory turnover = Cost of goods Sold/Inventory = 21120/1260 = 16.76%
b) Percentage of assets committed to inventory = Inventory/total assets = 1260/16380 = 7.69%
c) Better. As it has higher inventory turnover and lower assets to inventory percentage.
Add Answer to:
This Question: 10 pts 25 of 27 (25 complete) This Quiz: 70 pls possible hes to...
s homework: Chapter 11 Homework core: 0 of 1 pt 16 of 18 (15 complete) HW...
s homework: Chapter 11 Homework core: 0 of 1 pt 16 of 18 (15 complete) HW Score: 83.33%, 15 of 18 Problem 11.5 Question Help Baker Mfg Inc. wishes to compare its inventory turnover to those of industry leaders who have turnover of about 13 times per year and 8% of their assets invested in inventory Baker Mfg.Inc. Net Revenue Cost of sales Inventory Total assets $27,500 $19,180 $1.240 $17,550 a) What is Baker's inventory turnover? times per year (round...
Please answer all parts of question number 3 and type them and bold or underline the...
Please answer all parts of
question number 3 and type them and bold or underline the correct
answers
Baker Mfg Inc. wishes to compare its inventory turnover to those
of industry leaders, who have turnover of about
1313
times per year and
88 %
of their assets invested in inventory.
Baker Mfg. Inc.
Net Revenue
$27 comma 50027,500
Cost of sales
$19 comma 41019,410
Inventory
$1 comma 2901,290
Total assets
$17 comma 82017,820
a) What is Baker's inventory turnover?...
Arrow Distributing Corp. likes to track inventory by using weeks of supply as well as by...
Arrow Distributing Corp. likes to track inventory by using weeks of supply as well as by inventory turnover Arrow Distributing Corp. Net Revenue $16,090 Cost of sales $14,810 Inventory Total assets $1,000 $8,120 a) What is its weeks of supply? weeks (round your response to two decimal places) b) What percentage of Arrow's assets are committed to inventory?% ( enter your response as a percentage rounded to two decimal places) c) What is Arrow's inventory turnover? times per yoar (round...
is Question: 10 pts 13 of 14 (11 complete) ? This Quiz: 70 pts po Following...
is Question: 10 pts 13 of 14 (11 complete) ? This Quiz: 70 pts po Following are two weekly forecasts made by two different methods for the number of gallons of gasoline, in thousands, demanded at a local gasoline station Also shown are actual demand levels, in thousands of gallons: Forecast Actual Week Method 2 Demand Forecast Actual Week Method 1 Demand 0.95 1.02 0.92 1.22 0.68 1.05 0.96 1.00 0.77 1.20 0.90 1.15 0.68 1.05 0.96 1.00 The MAD...
Quiz: Chapter 17 Quiz Time Remaining: 01:06:44 Submit Quiz This Question: 10 pts 5 of 10...
Quiz: Chapter 17 Quiz Time Remaining: 01:06:44 Submit Quiz This Question: 10 pts 5 of 10 (D complete) This Quiz: 100 pts possible Wilson, Inc. provides the following data 2017 Cash Accounts Receivable, Net Merchandise Inventory Property, Plant, and Equipment, Net Total Assets 2016 $43,000 $25,000 108,000 62,000 50,000 190,000 20,000 $416,000 $257,000 75,000 Net Credit Sales Cost of Goods Sold Gross Profit $240,000 120,.000) $120,000 Calculate accounts receivable turnover ratio form 2017. Round your answer to two decimal places.)...
This Question: 10 pts 1 of 5 complete This Quiz: 25 pts possible o Is there...
This Question: 10 pts 1 of 5 complete This Quiz: 25 pts possible o Is there an association between party allation and gender? The accompanying data represent the gender and party affiliation of registered voters based on a random sample of 607 adults. Complete parts (a) through in click the icon to view the disable (4) Construct a frequency marginal distribution Gender Political Party Female Frequency Marginal Male Distribution for Gender Republican 120 Democrat 150 103 Independent 150 179 Frequency...
This Question: 4 pts 10 of 11 (3 complete) This Quiz: 40 pls possible Question Help...
This Question: 4 pts 10 of 11 (3 complete) This Quiz: 40 pls possible Question Help Solve for the missing amounts in the partial balance sheet using the additional information provided below. (Click on the icon to view the partial balance sheet.) All of the shares were issued at one time. Common shares were sold for $4.25 per share and preferred shares were sold for $625 each. No dividends were paid for the year. Fill the missing amounts into the...
Shine's has 100,000 common shares outstanding during 2016, Requirements inventory turnover, days' sales in inventory, and...
Shine's has 100,000 common shares outstanding during 2016, Requirements inventory turnover, days' sales in inventory, and gross profit percentage for Shine's Companies for 2016. 2. Compute days' sales in receivables during 2016. Round dollar amounts to three decimal places. Assume all sales were on account. 3. What do these ratios say about Shine's Companies' ability to sell inventory and collect receivables? Requirement 1. Compute the inventory turnover, days' sales in inventory, and gross profit percentage for Shine's Companies for 2016...
This Question: 1 pt 36 of 40 (25 complete) is Test: 40 pts possible You plan...
This Question: 1 pt 36 of 40 (25 complete) is Test: 40 pts possible You plan to buy a used refrigerator this year for $250 and to sell it when you graduate in two years. Assuming that you can get $125 for the refrigerator at that time, there is no inflation, and the interest rate is 4%, what is the true cost (your current outlay minus the resale value in current terms) of the refrigerator to you? The cost of...
Submit Que Quiz: Quiz 12 This Question: 1 pt 6 of 6 This Quiz: 6 pls possible E Question Help Suppose a study repor...
Submit Que Quiz: Quiz 12 This Question: 1 pt 6 of 6 This Quiz: 6 pls possible E Question Help Suppose a study reported that the average person watched 3.63 hours of television per day. A random sample of 15 people gave the number of hours of television watched per day shown. At the 10% significance level do the data provide sufficient evidence to conclude that the amount of television watched per day last year by the average person differed...
s homework: Chapter 11 Homework core: 0 of 1 pt 16 of 18 (15 complete) HW Score: 83.33%, 15 of 18 Problem 11.5 Question Help Baker Mfg Inc. wishes to compare its inventory turnover to those of industry leaders who have turnover of about 13 times per year and 8% of their assets invested in inventory Baker Mfg.Inc. Net Revenue Cost of sales Inventory Total assets $27,500 $19,180 $1.240 $17,550 a) What is Baker's inventory turnover? times per year (round...
Please answer all parts of
question number 3 and type them and bold or underline the correct
answers
Baker Mfg Inc. wishes to compare its inventory turnover to those
of industry leaders, who have turnover of about
1313
times per year and
88 %
of their assets invested in inventory.
Baker Mfg. Inc.
Net Revenue
$27 comma 50027,500
Cost of sales
$19 comma 41019,410
Inventory
$1 comma 2901,290
Total assets
$17 comma 82017,820
a) What is Baker's inventory turnover?...
Arrow Distributing Corp. likes to track inventory by using weeks of supply as well as by inventory turnover Arrow Distributing Corp. Net Revenue $16,090 Cost of sales $14,810 Inventory Total assets $1,000 $8,120 a) What is its weeks of supply? weeks (round your response to two decimal places) b) What percentage of Arrow's assets are committed to inventory?% ( enter your response as a percentage rounded to two decimal places) c) What is Arrow's inventory turnover? times per yoar (round...
is Question: 10 pts 13 of 14 (11 complete) ? This Quiz: 70 pts po Following are two weekly forecasts made by two different methods for the number of gallons of gasoline, in thousands, demanded at a local gasoline station Also shown are actual demand levels, in thousands of gallons: Forecast Actual Week Method 2 Demand Forecast Actual Week Method 1 Demand 0.95 1.02 0.92 1.22 0.68 1.05 0.96 1.00 0.77 1.20 0.90 1.15 0.68 1.05 0.96 1.00 The MAD...
Quiz: Chapter 17 Quiz Time Remaining: 01:06:44 Submit Quiz This Question: 10 pts 5 of 10 (D complete) This Quiz: 100 pts possible Wilson, Inc. provides the following data 2017 Cash Accounts Receivable, Net Merchandise Inventory Property, Plant, and Equipment, Net Total Assets 2016 $43,000 $25,000 108,000 62,000 50,000 190,000 20,000 $416,000 $257,000 75,000 Net Credit Sales Cost of Goods Sold Gross Profit $240,000 120,.000) $120,000 Calculate accounts receivable turnover ratio form 2017. Round your answer to two decimal places.)...
This Question: 10 pts 1 of 5 complete This Quiz: 25 pts possible o Is there an association between party allation and gender? The accompanying data represent the gender and party affiliation of registered voters based on a random sample of 607 adults. Complete parts (a) through in click the icon to view the disable (4) Construct a frequency marginal distribution Gender Political Party Female Frequency Marginal Male Distribution for Gender Republican 120 Democrat 150 103 Independent 150 179 Frequency...
This Question: 4 pts 10 of 11 (3 complete) This Quiz: 40 pls possible Question Help Solve for the missing amounts in the partial balance sheet using the additional information provided below. (Click on the icon to view the partial balance sheet.) All of the shares were issued at one time. Common shares were sold for $4.25 per share and preferred shares were sold for $625 each. No dividends were paid for the year. Fill the missing amounts into the...
Shine's has 100,000 common shares outstanding during 2016, Requirements inventory turnover, days' sales in inventory, and gross profit percentage for Shine's Companies for 2016. 2. Compute days' sales in receivables during 2016. Round dollar amounts to three decimal places. Assume all sales were on account. 3. What do these ratios say about Shine's Companies' ability to sell inventory and collect receivables? Requirement 1. Compute the inventory turnover, days' sales in inventory, and gross profit percentage for Shine's Companies for 2016...
This Question: 1 pt 36 of 40 (25 complete) is Test: 40 pts possible You plan to buy a used refrigerator this year for $250 and to sell it when you graduate in two years. Assuming that you can get $125 for the refrigerator at that time, there is no inflation, and the interest rate is 4%, what is the true cost (your current outlay minus the resale value in current terms) of the refrigerator to you? The cost of...
Submit Que Quiz: Quiz 12 This Question: 1 pt 6 of 6 This Quiz: 6 pls possible E Question Help Suppose a study reported that the average person watched 3.63 hours of television per day. A random sample of 15 people gave the number of hours of television watched per day shown. At the 10% significance level do the data provide sufficient evidence to conclude that the amount of television watched per day last year by the average person differed...
Most questions answered within 3 hours.
-
find H(e^Jtheta) at theta= 0, pi/10, pi/20, pi/2 for
the following:
a) H(e^Jtheta)= 1+e^Jtheta
b) H(e^Jtheta)=...
asked 23 minutes ago -
Home Corporation will open a new store on January 1. Based on
experience from its other...
asked 39 minutes ago -
In a neoclassical model, use the IS-LM to analyze the effect of
a permanent money supply...
asked 1 hour ago -
An electron passes through a point 2.67 cm from a long straight
wire as it moves...
asked 1 hour ago -
A grammar is a 4-tuple G, G = (Ν, Σ, Π, Σ, S) where, Ν is...
asked 2 hours ago -
In this part, calculate the present values. Use the Excel PV
function to compute the present...
asked 2 hours ago -
Part 1. Primitive Types, Sorting, Recursion for
Homework.java
a) Implement the static method initializeArray that receives...
asked 3 hours ago -
Using C++, build a sorter that can rank a sequence of numbers in
a descending order....
asked 3 hours ago -
Derive ground state term symbols. Use notation 2S(1/2) for state
2S1/2
a) d5
b) f3
c)...
asked 3 hours ago -
A sample of size 31 will be drawn from a population with mean 39
and standard...
asked 4 hours ago -
What is the effect on the P-value when a test is changed from a
two-tailed hypothesis...
asked 4 hours ago -
I wish to estimate µ, the mean of a population. After I collect
and an-
alyze...
asked 5 hours ago