Inventory turnover Study guides, Class notes & Summaries
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![WGU C214 Pre-Assessment Exam Questions and Answers 2024](/docpics/4501440/65cca0717a4f1_4501440_121_171.jpeg)
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WGU C214 Pre-Assessment Exam Questions and Answers 2024
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WGU C214 Pre-Assessment Exam 
Questions and Answers 2024 
How can a private firm appropriately maximize shareholder value? -Answer-By making 
decisions that keep the control of the business with the owners 
Why are American regulators focused on international investing in a global 
marketplace? -Answer-Because international investing in a global marketplace is the 
concern of 
American investors 
What is one of the two basic types of financial instruments? -Answer-Bonds 
If a company outsources ...
![WGU D104 Intermediate Accounting II Units 4-6 Exam Graded A+](/docpics/3072599/64b3a8eb5d661_3072599_121_171.jpeg)
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WGU D104 Intermediate Accounting II Units 4-6 Exam Graded A+
- Exam (elaborations) • 11 pages • 2023
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Asset Turnover Ratio - ANSWER-net sales/average total assets 
 
Profit Margin Ratio - ANSWER-net income/total sales 
 
Rate of return on assets - ANSWER-net income/average total assets 
 
Current ratio - ANSWER-current assets/current liabilities 
 
acid-test ratio - ANSWER-(cash + short-term investments + net receivables) / current liabilities 
 
rate of return on common stock equity - ANSWER-(net income - preferred dividends) / average common stockholders' equity 
 
payout ratio - ANSWER-cash ...
![WGU D104 Intermediate Accounting II Units 4-6 Exam Solved 100% Correct](/docpics/3073028/64b3d2690c8a8_3073028_121_171.jpeg)
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WGU D104 Intermediate Accounting II Units 4-6 Exam Solved 100% Correct
- Exam (elaborations) • 11 pages • 2023
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Asset Turnover Ratio - ANSWER-net sales/average total assets 
 
Profit Margin Ratio - ANSWER-net income/total sales 
 
Rate of return on assets - ANSWER-net income/average total assets 
 
Current ratio - ANSWER-current assets/current liabilities 
 
acid-test ratio - ANSWER-(cash + short-term investments + net receivables) / current liabilities 
 
rate of return on common stock equity - ANSWER-(net income - preferred dividends) / average common stockholders' equity 
 
payout ratio - ANSWER-cash ...
![TEST BANK FOR CORPORATE FINANCE 11TH EDITION BY STEPHEN ROSS, RANDOLPH WESTERFIELD, JEFFREY JAFFE, BRADFORD JORDAN](/docpics/6436adb98106f_2585291.jpg)
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TEST BANK FOR CORPORATE FINANCE 11TH EDITION BY STEPHEN ROSS, RANDOLPH WESTERFIELD, JEFFREY JAFFE, BRADFORD JORDAN
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1.	Projected future financial statements are called: 
 
 
A.	plug statements. 
B.	pro forma statements. 
C.	reconciled statements. 
D.	aggregated statements. 
E.	comparative statements. 
 
2.	The extended version of the percentage of sales method: 
 
 
A.	assumes that all net income will be paid out in dividends to stockholders. 
B.	assumes that all net income will be retained by the firm and offset by a reduction in debt. 
C.	is based on a capital intensity ratio of 1.0. 
D.	requires that all f...
![Major Field Test Business Complete Study Guide_ Guaranteed Success.](/docpics/640ce05ae47f5_2461973.jpg)
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Major Field Test Business Complete Study Guide_ Guaranteed Success.
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Major Field Test Business Complete Study Guide 
 
Balance Sheet - Attempts to describe the financial condition of the firm at a point in time. 
Includes: Assets, Liabilities, & Equity - "net assets" what remains after deducting liabilities from assets.. 
 
Income Statement - Presents the results of the operations of an entity over a peroid of time. 
Includes: Revenues, Expenses, Income, Gains & Losses 
 
Statement of Equity or Statement of Retained Earnings (Capital) - Bridges the gap between ...
![BCOR 2204 Finance Quiz 1 (correct answers)](/docpics/63d2a0821fab3_2303518.jpg)
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BCOR 2204 Finance Quiz 1 (correct answers)
- Exam (elaborations) • 11 pages • 2023
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financial services correct answers concerned with design and delivery of advice and financial products to individuals, businesses, and governments 
 
managerial finance involves... correct answers tasks such as budgeting, financial forecasting, cash management, and funds procurement 
 
profit maximization as the "goal" of the firm is BAD because... correct answers profit maximization DOES NOT consider risk 
 
Pro-active ethics program is expected to result in... correct answers a positive corp...
![ACCT 212 Week 5 Homework – Practice | Highly RATED PAPER | 100% Correct answers](/docpics/631c7634478e8_1951888.jpg)
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ACCT 212 Week 5 Homework – Practice | Highly RATED PAPER | 100% Correct answers
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ACCT 212 Week 5 Homework – Practice: 1. Question: a. Using FIFO, calculate ending inventory, cost of goods sold, sales revenue, and gross profit. 2. Question: b. Using LIFO, calculate ending inventory, cost of goods sold, sales revenue, and gross profit. 3. Question: c. Using weighted-average cost, calculate ending inventory, cost of goods sold, sales revenue, and gross profit. (Round “Average Cost per unit” to 2 decimal places and all other answers to the nearest whole number.) 4. Questio...
![Test Bank For Intermediate Accounting 9th Edition By Spiceland](/docpics/3505194/6512ccbdb1b9c_3505194_121_171.jpeg)
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Test Bank For Intermediate Accounting 9th Edition By Spiceland
- Exam (elaborations) • 2384 pages • 2023
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Chapter 3 The Balance Sheet and Financial Disclosures 
True/False Questions 
1. The balance sheet reports a company's financial position at a point in time. 
Answer: True 
Level of Learning: 1 Easy 
Learning Objective: 03-01 
Topic Area: Balance sheet–Usefulness-Limits-Elements Blooms: Remember 
AACSB: Reflective thinking 
AICPA: BB Critical thinking 
AICPA: FN Measurement 
2. A company’s market value is generally less than its book value. 
Answer: False 
Level of Learning: 1 Easy 
Learning...
![Comp XM Practice Quiz (2023/2024) Already Passed](/docpics/3472101/650b5a1c52a71_3472101_121_171.jpeg)
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Comp XM Practice Quiz (2023/2024) Already Passed
- Exam (elaborations) • 7 pages • 2023
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Comp XM Practice Quiz (2023/2024) Already Passed 
If your team decides to introduce a new sensor product, when should capacity and automation be purchased? One round prior to product release 
What is a market segment? A group of customers with similar purchasing concerns 
Age and ___________ are the only two positioning criteria that remain constant from year to year reliability 
Which one of the following is NOT one of the four product characteristics that R&D can set? quality 
The promotion bu...
![BTEC BUSINESS UNIT 3: FORMULAS Exam 36 Questions with Answers,100% CORRECT](/docpics/3185890/64cc2c1a3a42f_3185890_121_171.jpeg)
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BTEC BUSINESS UNIT 3: FORMULAS Exam 36 Questions with Answers,100% CORRECT
- Exam (elaborations) • 3 pages • 2023
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BTEC BUSINESS UNIT 3: FORMULAS Exam 36 Questions with Answers 
 
 
Net Cash Flow (Cash Flow Forecast) - CORRECT ANSWER = Total Income (inflows) - Total Expenses (Outflows) 
 
Closing Balance (Cash Flow Forecast) - CORRECT ANSWER = Opening Balance + Net Cash Flow 
 
Total Cost - CORRECT ANSWER = Fixed Costs + Variable Costs 
 
Cost per Unit (Average Total Cost) - CORRECT ANSWER = Total Cost / Output 
 
Variable Cost per Unit - CORRECT ANSWER = Total Variable Cost / Output 
 
Total Variable Cost -...
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