Multiple Choice
The average days inventory for ATC for 2009 is:
A) Less than 100 days.
B) 114 days.
C) 132 days.
D) 151 days.Inventory turnover = $138,000 [($43,000 + 57,000) 2] = 2.76 365 2.76 = 132 days
Correct Answer:
Verified
Correct Answer:
Verified
Q27: Thompson's 2009 inventory turnover ratio is:<br>A)3.91.<br>B)4.00.<br>C)4.88.<br>D)5.00.$336,000 [($82,000
Q30: The following information is taken
Q32: Inventory does not include:<br>A)Materials used in the
Q33: The following information is taken
Q34: Bunker Auto Supply purchased merchandise on January
Q36: Required: Compute the ending inventory and cost
Q41: What is Nu's net income if it
Q41: Purchases equal the invoice amount:<br>A) Plus freight-in,
Q77: What is Nu's gross profit ratio if
Q160: LIFO liquidation profits occur when inventory quantity