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Question
The following information is available for the McCartney Corporation:
| Sales | $750,000 |
| Cost of goods sold | 450,000 |
| Gross profit | 300,000 |
| Operating income | 85,000 |
| Net income | 42,000 |
| Inventory, beginning-year | 71,200 |
| Inventory, end-of-year | 48,800 |
Calculate the company's inventory turnover and its days' sales in inventory.
Answer
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Related questions
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Q:
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Q:
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B. Perfect predictions of future outcomes.
C. Results from past outcomes only.
D. Results from current outcomes only.
E. Speculation of interest rates and economic performance only.
Q:
If net present values are used to evaluate two investments that have equal costs and equal total cash flows, the one with more cash flows in the early years has the higher net present value.