Business, 14.11.2019 04:31 ndurairajownkpq
Cruz company uses lifo for inventory costing and reports the following financial data. it also recomputed inventory and cost of goods sold using fifo for comparison purposes.
- 2017 2016
lifo inventory $ 310 $ 260
lifo cost of goods sold 890 830
fifo inventory 380 285
fifo cost of goods sold 845 —
current assets (using lifo) 370 340
current liabilities 185 165
1. compute its current ratio, inventory turnover, and days' sales in inventory for 2017 using (a) lifo numbers and (b) fifo numbers. (round your answers to 1 decimal place.)
Answers: 3
Business, 22.06.2019 09:50
phillips, inc. had the following financial data for the year ended december 31, 2019. cash $ 41,000 cash equivalents 75,000 long term investments 59,000 total current liabilities 149,000 what is the cash ratio as of december 31, 2019, for phillips, inc.? (round your answer to two decimal places.)
Answers: 3
Business, 22.06.2019 20:20
Amanager of a store that sells and installs spas wants to prepare a forecast for january and june of next year. her forecasts are a combination of trend and seasonality. she uses the following equation to estimate the trend component of monthly demand: ft = 30+5t, where t = 1 in january of this year. seasonal relatives are 0.60 for january and 1.50 for june. what demands should she predict for january and june of next year
Answers: 2
Business, 23.06.2019 02:00
Acompany sells garden hoses and uses the perpetual inventory system to account for its merchandise. the beginning balance of the inventory and its transactions during september were as follows:
Answers: 2
Business, 23.06.2019 11:00
What is considered to be a significant disadvantage of owning
Answers: 3
Cruz company uses lifo for inventory costing and reports the following financial data. it also recom...
English, 05.06.2021 01:00
English, 05.06.2021 01:00
Mathematics, 05.06.2021 01:00
Mathematics, 05.06.2021 01:00
Mathematics, 05.06.2021 01:00
Mathematics, 05.06.2021 01:00
Mathematics, 05.06.2021 01:00
Mathematics, 05.06.2021 01:00
Mathematics, 05.06.2021 01:00
Mathematics, 05.06.2021 01:00
Advanced Placement (AP), 05.06.2021 01:00
Mathematics, 05.06.2021 01:00
Mathematics, 05.06.2021 01:00