Determining the inventory turnover ratio
You have a quick ratio of 2.00x; 31500 in cash; 17500 in A/R; some inventory; total current assets of $70,000;& total current liabilities of $24,500. Annual sales reported $200,000.
What is the inventory turnover ratio?
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A company had expenses other than cost of goods sold of $278,000. Determine sales and gross profit given cost of goods sold was $114,000 and net income was $178,000.
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The Arlington Property Development Co. has a $10,000 note receivable from a customer due in 3 years. How much is the note worth today (PV) if the interest rate is?
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Jim's stock has a risk premium of 9.6percent while the inflation rate is 3.1 percent and the risk-free rate is 3.8 percent. What is the expected return on this stock?
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