I need fast help in this question. Please do it 100%. I need it fast...
70.2K
Verified Solution
Link Copied!
Question
Accounting
I need fast help in this question. Please do it 100%. I need it fast
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!
