Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. finance
  3. marek company has annual sales of $338,000, accoun

Marek Company has annual sales of $338,000, accounts receivable of $146,000, cost of goods sold...

70.2K

Verified Solution

Question

Finance

Marek Company has annual sales of $338,000, accounts receivable of $146,000, cost of goods sold of $301,000, total assets of $357,000, and inventory of $86,000. What is Marek's inventory turnover ratio

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

Which answer best describes the following text?A shipwrecked man afloat on the ocean, surrounded by...

Basic Math
1.2K views

  Determine all the inflection points of g(x) = 3x2 - x3 a) Only (1,2) b) Both (0,0)...

Biology
1.2K views

What does a spectrophotometer directly measure The weight of a material The amount of light...

Basic Math
1.2K views

Sandy and Bill put 2,870 coins into rolls of 50 coins each.How many complete rolls...

Accounting
1.2K views

anna's Stuff loans an employee $10,000 at 6% annual interest with interest due monthly....

Accounting
1.2K views

Citrus Company is consideting a project with estimated annuai net cash...

Accounting
1.2K views

the linked set of value-creating activities from basic raw materials to the disposal of the...

Accounting
1.2K views

Brief Exercise 24-1 Rihanna Company is considering purchasing new equipment for $315,000. It...

Accounting
1.2K views

I need help figuring out this thanks! Chs...

Accounting
1.2K views

Entries for Notes Receivable, Including Year-End Entries The following selected transactions were completed by Fasteners...

Finance
1.2K views

Loans are typically repaid in the form of a(n): None of the above Early annuity...

Finance
1.2K views

The cash cycle of a firm influences its profitability and operational efficiency. Critically discuss this...