Cool Lope Shaved Ice, Inc.'s cost of goods sold for the year is $1,900,000, and the average merchandise inventory for the year is $132,000. Calculate the inventory turnover ratio of the company. (Round your answer to two decimal places.)
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Cool Lope Shaved Ice, Inc.'s cost of goods sold for the year is $1,900,000, and the average merchandise inventory for the year is $132,000. ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers
You Might be Interested in
According to the definition of profit, if a profit-maximizing firm will always attempt to produce its desired level of output at the lowest possible cost, then it will A. do so regardless of what type of competition exists in a market. B.
Answers (1)
The largest proportion of sales handled by industrial channel members is accounted for by
Answers (1)
Jack bought 50 shares of stock at $18.22 per share. That year, he received total dividends of $72.88. At the end of the year, his stock was valued at $19.11 per share. What was his ROI?
Answers (1)
Agee Technology, Inc., issued 9% bonds, dated January 1, with a face amount of $380 million on July 1, 2018, at a price of $370 million. For bonds of similar risk and maturity, the market yield is 10%.
Answers (1)
Travis invested $9,250 in an account that pays 6 percent simple interest. How much more could he have earned over a 7-year period if the interest had compounded annually
Answers (1)
New Questions in Business
The Romer and Romer 2010 paper in the American Economic Review found that tax changes that are made to promote long-run growth or to reduce an inherited budget deficit tend to result in ___.
Answers (1)
Assume that Social Security promises you $ 41,000 per year starting when you retire 45 years from today (the first $ 41,000 will get paid 45 years from now).
Answers (1)
After studying the political economy of modern Germany, Helge concludes that we must consider the world capitalist economy as a single unit instead of looking at individual countries. His view is best described by what theory or set of theories?
Answers (1)
What is the best way to scare someone so bad that they pee them selfs? lol go to get my bff back.
Answers (2)
Suppose there are 5 million unemployed workers seeking jobs. after a period of time, 1 million of them become discouraged over their job prospects and cease to look for work. as a result of this, the official unemployment rate would:
Answers (1)