Sellograph Corporation reports sales of $10 million for Year 2, with a gross profit margin of 40%. 20% of Sellograph's sales are on credit. Year 1 Year 2
Accounts receivable $150,000 $170,000
Inventory 900,000 1,000,000
Accounts payable 1,100,000 1,200,000

Days in inventory at the end of Year 2 is closest to:

You read the newspaper daily. lately, you have noticed more articles about increased tuition at various public and private colleges and universities. you draw the conclusion that all colleges and universities have increased tuition. which type of reasoning is this

Melanie wants to open a restaurant near central park in new york. she understands that there are many restaurants in the vicinity, as well as many restaurant chains with which she has to compete. although it would be easy to get into this market, she plans to profit in it by selling her different dishes at prices that are lower than those of other restaurants. what kind of market structure is melanie planning to use for her restaurant?

Consider the following financial data from the past year for midwest outdoor equipment corporation. gross income $ 35,515,000 total sales 34,226,000 total credit sales 23,103,000 net income 4,186,000 cost of goods sold 17,730,000 total assets 12,119,000 average inventory 4,325,000 average receivables 3,958,000 a. compute the receivable turnover ratio. (round your answer to 3 decimal places.) receivable turnover ratio b. compute the inventory turnover ratio. (round your answer to 3 decimal places.) inventory turnover ratio c. compute the asset turnover ratio. (round your answer to 3 decimal places.) asset turnover ratio