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  3. 1.) badbanana co. has an average age of inventory

1.) badBanana co. has an average age of inventory equal to 25 days. if its end...

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Finance

1.) badBanana co. has an average age of inventory equal to 25days. if its end of year inventory level is $8,500, then what doesthat imply for the cost of goods sold during the year? (round tothe nearest dollar)

a.) $582

b.) $4964

c.) $21,250

d.) $124,100

2.) What Ratio measures the ability of the firm to satisfy itsshort term obligations as they come due?

a.) TImes Interest and earned ratio

b.) current ratio

c.) Inventory turnover ratio

3.) Which of the following represents an inflow of cash?

a.) A decrease in any liability

b.) repurchase or retirement of stock

c.) A decrease in any asset

Answer & Explanation Solved by verified expert
3.7 Ratings (661 Votes)
1 DAYS OF HOLDING INVENTORY 365 DAYS INVENTORY TURNOVER 25 DAYS 365 DAYSINVENTORY TURNOVER INVENTORY TURNOVER 36525 146 TIMES INVENTORY TURNOVER COGS AVERAGE STOCK 146 TIMES COGS 8500 COGS 146    See Answer
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