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  1. business
  2. accounting
  3. consider a firm with a 2012 net income of $20 mill

Consider a firm with a 2012 net income of $20 million, revenue of $60 million...

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Accounting

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Consider a firm with a 2012 net income of $20 million, revenue of $60 million and cost of goods sold of $25 million. If the balance sheet amounts show $2 million of inventory and $500,000 of property, plant & equipment, what is the inventory turnover? Consider a firm with a 2019 net income of $20 million, revenue of $60 million and cost of goods sold of $25 million. If the balance sheet amounts show $2 million of inventory and $500,000 of property, plant & equipment, how many weeks of supply does the firm hold? a. If the owners' equity is $1,000 and liabilities are $800, what are the assets worth? Assets = liabilities + owners' equity b. If the assets are $1,000 and liabilities are $600, what is the owners' equity? Owners' equity = assets liabilities =

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