On December 32, Baxter inc has costs of goods sold of 360,000 ending inventory is 17,000 beginning inventory is 20,000 and average account payable is 84,000 what is the accounts payable turnover expressed as days A.64 B.86 C.84 D.95

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A:

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Q: Carrilion Company had beginning inventory of $80,000, ending inventory of $110,000, cost of goods…

A: Inventory turnover = Cost of goods sold/Average inventory

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A: Formula: Net sales = Sales - Sales returns

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A: This is the profit a company makes after taking the costs of making and selling its products or…

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A: The answer is Option (B.) [i.e, $287,000] Refer step 2 for explanation

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Q: A company reports the following:   Cost of goods sold $610,000   Average inventory 80,000…

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Q: On December 31st, Datton, Inc. has cost of goods sold of $540,000. ending inventory is $100,000,…

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Q: At May 31, Lily Company has net sales of $320,000 and cost of goods available for sale of $216,000.…

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Q: On December 31st Baxter inc has costs of goods sold of 360,000 ending inventory is 17,000. Beginning…

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Q: A company reports the following:Cost of goods sold                                $435,000Average…

A: a. Compute inventory turnover ratio.

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Q: GREEN Enterprises reported the following information for the current year: Inventory, January 1…

A: Here in this question, we are required to calculate the gross sales. Gross sales is a sales which is…