Homework Answers
a. Invetory Turn over= Cost of goods sold/Avg inventory
= 12280/1100=11.16
Weeks of supply= 52/ Inventory Turn over= 52/11.16= 4.66 weeks
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Arrow Distributing Corp.lkes to track inventory by using weeks of supply as well as by inventoryturnover....
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 $15.760 Cost of sales $12,330 Inventory $960 Total assets $9,350 a) What is its weeks of supply? weeks (round your response to two decimal places). a) What is its weeks of supply? weeks (round your response to two decimal places). b) what percentage of arrows are committed to inventory? c) what is arrow 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...
Arrow Distributing Corps to track intory by using weeks of supply as well as by inventory...
Arrow Distributing Corps to track intory by using weeks of supply as well as by inventory move a) What is its weeks of supply w ooks (round your response to ao deomp
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?...
The following data are pulled from a recent Walsh Manufacturing annual report. Assets Raw material inventory...
The following data are pulled from a recent Walsh Manufacturing annual report. Assets Raw material inventory $150,000 Work-in-process inventory $50,000 Finished goods inventory $330,000 Property, plant & equipment $500,000 Other assets $140.000 Total assets $1,170,000 Condensed Income Statement Revenue $2,000,000 Cost of goods sold $700,000 Other expenses $1,000,000 Net income $300,000 Calculate the weeks of supply. O 0.47 O24.51 39 37 Assets Raw material inventory Work-in-process inventory Finished goods inventory Property, plant & equipment Other assets Total assets $150,000 $50,000...
First Half Second Half JPJ Corp has sales of $1.43 million, accounts receivable of $50,000, total...
First Half
Second Half
JPJ Corp has sales of $1.43 million, accounts receivable of $50,000, total assets of $4.97 million (of which $2.91 million are fixed assets). inventory of $143,000, and cost of goods sold of $603,000. What is JPJ's accounts receivable days? Fixed asset turnover? Total asset turnover? Inventory turnover? If JPJ Corp is able to increase sales by 11.8% but keep its total and fixed asset growth to only 4.3%, what will its new asset turnover ratios be?...
This Question: 10 pts 25 of 27 (25 complete) This Quiz: 70 pls possible hes to...
This Question: 10 pts 25 of 27 (25 complete) This Quiz: 70 pls possible hes to compare its inventory tumover to those of industry leaders, who have turnover of about 13 times per year and 8% of their assets invested in inventory Baker Míg. Inc. Net Revenue Cost of sales Inventory Total assets $27,500 $21,120 $1,260 $16,380 a) What is Baker's inventory turnover? times per year (round your response to two decimal places) b) What is Baker's percent of assets...
Phillips Supply uses a periodic inventory system but needs to determine the approximate amount of inventory...
Phillips Supply uses a periodic inventory system but needs to determine the approximate amount of inventory at the end of each month without taking a physical inventory. Phillips has provided the following inventory data. Cost Price Retail Selling Price Inventory of merchandise, June 30 $ 303,000 $ 508,000 Purchases during July 221,000 391,000 Goods available for sale during July $ 524,000 $ 899,000 Net sales during July 210,000 a. Estimate the cost of goods sold and the cost of the...
Chastain Corporation is trying to determine the effect of its inventory turnover ratio and days sales...
Chastain Corporation is trying to determine the effect of its inventory turnover ratio and days sales outstanding (DSO) on its cash conversion cycle. Chastain's 2019 sales (all on credit) were $197,000, its cost of goods sold is 80% of sales, and it earned a net profit of 4%, or $7,880. It turned over its inventory 7 times during the year, and its DSO was 33 days. The firm had fixed assets totaling $31,000. Chastain's payables deferral period is 50 days....
Chastain Corporation is trying to determine the effect of its inventory turnover ratio and days sales...
Chastain Corporation is trying to determine the effect of its inventory turnover ratio and days sales outstanding (DSO) on its cash conversion cycle. Chastain's 2019 sales (all on credit) were $226,000, its cost of goods sold is 80% of sales, and it earned a net profit of 3%, or $6,780. It turned over its inventory 6 times during the year, and its DSO was 33 days. The firm had fixed assets totaling $30,000. Chastain's payables deferral period is 40 days....
Arrow Distributing Corp. likes to track inventory by using weeks of supply as well as by inventory turnover. Arrow Distributing Corp. Net Revenue $15.760 Cost of sales $12,330 Inventory $960 Total assets $9,350 a) What is its weeks of supply? weeks (round your response to two decimal places). a) What is its weeks of supply? weeks (round your response to two decimal places). b) what percentage of arrows are committed to inventory? c) what is arrow 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...
Arrow Distributing Corps to track intory by using weeks of supply as well as by inventory move a) What is its weeks of supply w ooks (round your response to ao deomp
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?...
The following data are pulled from a recent Walsh Manufacturing annual report. Assets Raw material inventory $150,000 Work-in-process inventory $50,000 Finished goods inventory $330,000 Property, plant & equipment $500,000 Other assets $140.000 Total assets $1,170,000 Condensed Income Statement Revenue $2,000,000 Cost of goods sold $700,000 Other expenses $1,000,000 Net income $300,000 Calculate the weeks of supply. O 0.47 O24.51 39 37 Assets Raw material inventory Work-in-process inventory Finished goods inventory Property, plant & equipment Other assets Total assets $150,000 $50,000...
First Half
Second Half
JPJ Corp has sales of $1.43 million, accounts receivable of $50,000, total assets of $4.97 million (of which $2.91 million are fixed assets). inventory of $143,000, and cost of goods sold of $603,000. What is JPJ's accounts receivable days? Fixed asset turnover? Total asset turnover? Inventory turnover? If JPJ Corp is able to increase sales by 11.8% but keep its total and fixed asset growth to only 4.3%, what will its new asset turnover ratios be?...
This Question: 10 pts 25 of 27 (25 complete) This Quiz: 70 pls possible hes to compare its inventory tumover to those of industry leaders, who have turnover of about 13 times per year and 8% of their assets invested in inventory Baker Míg. Inc. Net Revenue Cost of sales Inventory Total assets $27,500 $21,120 $1,260 $16,380 a) What is Baker's inventory turnover? times per year (round your response to two decimal places) b) What is Baker's percent of assets...
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