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calculate inventory holding prriod ? Pncome statement Net sales (all credit)...

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Finance

calculate inventory holding prriod ?
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Pncome statement Net sales (all credit) $10,000,000 Balance Sheet Assets Cash and marketable securities $600,000 (3,000,000 Accounts receivable inventories Prepaid expenses Total current assets Fixed assets Less: accum depreciation. 900,000 1.500.000 75,000 $3,075,000 8,000,000 (2,075,000) Less: Cost of goods sold Selling and administrative expense Depreciation expense Interest expense Earnings before taxes Income taxes Net income Common stock shares outstanding Market price (2.000.000 (250,000) (200,000) 4.550.000 (1.820,000) $2,730,000 Net fixed assets Total assets $5.925.000 $9,000,000 1,000,000 30.00 Liabilities: Accounts payable Notes payable Accrued taxes Total current liabilities Long-term debt Owner's equity (1 million shares of common stock outstanding) Total liabilities and owner's Jequity $800,000 700,000 50,000 $1,550,000 2,500,000 4,950,000 $9,000,000

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