What is inventory turnover?
Managerial Accounting
Question 1Given the following information:
Cost of goods sold: $900,000
Beginning Inventory: $140,000
Ending Inventory: $160,000
What is inventory turnover?
Question 2Given the following information:
Net income: $150,000
Income tax expense: $60,000
Interest expense: $50,000
What is the times interest earned rounded to 1 decimal point?
Question 3Given the following information:
Current liabilities: $140,000
Long Term debt: $400,000
Total assets: $1,200,000
What is the debt to total assets ratio?
Question 4Given the following information:
Net credit sales: $1,330,000
Beginning A/R: $180,000
Ending A/R: $200,000
What is the receivables turnover?
Question 5Given the following information:
Net income: $150,000
Beginning total assets: $1,200,000
Ending total assets: $800,000
What is the return on assets?
Question 6In what category does the acid test ratio fall?
Liquidity
Profitability
Solvency
Question 7 In what category does the profit margin ratio fall?
liquidity
profitability
solvency
Question 8In what category does the asset turnover ratio fall?
liquidity
profitability
solvency
Question 9 In what category does the receivables turnover ratio fall?
liquidity
profitability
solvency
Question 10 The current ratio of Fryman Company is 1.76:1. What does that mean?
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