Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. i need fast help in this question. please do it 10

I need fast help in this question. Please do it 100%. I need it fast...

70.2K

Verified Solution

Question

Accounting

I need fast help in this question. Please do it 100%. I need it fast

image

image

Insula Company's cost of goods sold during the year is $540,000. The average inventory during the year is $80,000. Calculate the inventory turnover of Insula Company in days. (Round your answer to one decimal place.) a. 7.4 days O b. 47.2 days O c. 41.3 days O d. 54.1 days In the previous year, Hades Company had a net profit of $242,500 and total sales during that period was $970,000. Calculate the return on sales for Hades Company. O a. 25% O b. 75% O c. 50% O d. 30%

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Biology
1.2K views

erstand the Nature of Science Understand that science investigations use a variety of methods and...

Basic Math
1.2K views

12 Find the possible value or values of n in the quadratic equation 2n 7n...

Basic Math
1.2K views

The editorial staff at a magazine company is reviewing 22 articles They wish to select...

Calculus
1.2K views

A ship starts at point P travels 170 miles to point Q adjusts its route...

Accounting
1.2K views

Find the Root Cause and proposed corrective action (explain your answer): Description: On...

Accounting
1.2K views

Capital Investments Corporation (CIC) requested a sizable loaks from First -?-deral Bank to acquire a...

Accounting
1.2K views

Zigs Industries had the following operating results for 2015: sales = $29745; cost of goods...

Accounting
1.2K views

The M are Figure 1 I 3. Familiarize yourself with the toolbar on the left...

Accounting
1.2K views

You open an account with some bank XYZ and the arrangement is that you deposit...

Accounting
1.2K views

3. What is Patnode's total debt to equity ratio at the end of 2014 (rounded...

Accounting
1.2K views

No.25 Glo-Brite has been notified by the insurance company that there will be no premium...

Finance
1.2K views

Higgins, Inc., has sales of $520,100, costs of $297,500, depreciation expense of $42,600, interest expense...