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Business
AccountingSurvey of Accounting (Accounting I)8th Edition

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Chapter 9, Problem 5SEQ
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Survey of Accounting (Accounting I)

8th Edition
Carl Warren
ISBN: 9781305961883

Solutions

Chapter
Section
Problem 1SEQ
Problem 2SEQ
Problem 3SEQ
Problem 4SEQ
Problem 5SEQ
Problem 1CDQ
Problem 2CDQ
Problem 3CDQ
Problem 4CDQ
Problem 5CDQ
Problem 6CDQ
Problem 7CDQ
Problem 8CDQ
Problem 9CDQ
Problem 10CDQ
Problem 11CDQ
Problem 12CDQ
Problem 13CDQ
Problem 14CDQ
Problem 15CDQ
Problem 16CDQ
Problem 17CDQ
Problem 9.1E
Problem 9.2E
Problem 9.3E
Problem 9.4E
Problem 9.5E
Problem 9.6E
Problem 9.7E
Problem 9.8E
Problem 9.9E
Problem 9.10E
Problem 9.11E
Problem 9.12E
Problem 9.13E
Problem 9.14E
Problem 9.15E
Problem 9.16E
Problem 9.17E
Problem 9.18E
Problem 9.19E
Problem 9.20E
Problem 9.21E
Problem 9.22E
Problem 9.23E
Problem 9.1.1P
Problem 9.1.2P
Problem 9.2.1P
Problem 9.2.2P
Problem 9.3.1P
Problem 9.3.2P
Problem 9.4.1P
Problem 9.4.2P
Problem 9.4.3P
Problem 9.4.4P
Problem 9.4.5P
Problem 9.4.6P
Problem 9.4.7P
Problem 9.4.8P
Problem 9.4.9P
Problem 9.4.10P
Problem 9.4.11P
Problem 9.4.12P
Problem 9.4.13P
Problem 9.4.14P
Problem 9.4.15P
Problem 9.4.16P
Problem 9.4.17P
Problem 9.4.18P
Problem 9.4.19P
Problem 9.4.20P
Problem 9.5.1P
Problem 9.5.2P
Problem 9.1C
Problem 9.2C
Problem 9.3C
Problem 9.4.1C
Problem 9.4.2C
Problem 9.4.3C
Problem 9.5.1C
Problem 9.5.2C
BuyFindarrow_forward

Survey of Accounting (Accounting I)

8th Edition
Carl Warren
ISBN: 9781305961883
Textbook Problem

A measure useful in evaluating efficieny in the management of inventories is the:

A. Working capital ratio

B. Quick ratio

C. Days' sales in inventory

D. Ratio of fixed assets to long-term liabilities

To determine

Concept Introduction:

Inventory Turnover Ratio:

Inventory Turnover Ratio measures the efficiency of the company in converting its inventory into sales. It is calculated by dividing the Cost of goods sold by the Average inventory. The formula of the Inventory Turnover Ratio is as follows:

  Inventory Turnover Ratio=Cost of goods soldAverage inventory

Note: Average inventory is calculated with the help of following formula:

  Average inventory=(Beginning inventory + Ending inventory)2

Day's sales in inventory:

Days sales in inventory represent the number of days the inventory waits for the sale. It is calculated using the following formula:

  Day Sales in Inventory =  Inventory *365Cost of Goods Sold 

To Choose:

The measure useful in evaluating efficiency in the management of inventories.

Explanation

Explanation for correct answer:

Sales in inventory represent the number of days the inventory waits for the sale. This is useful in evaluating efficiency in the management of inventories. Hence, the correct option is C.

Explanation for incorrect answers:

A. Working capital ratio evacuates the current position of the company...

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Chapter 9 Solutions

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Ch-9 P-1SEQCh-9 P-2SEQCh-9 P-3SEQCh-9 P-4SEQCh-9 P-5SEQCh-9 P-1CDQCh-9 P-2CDQCh-9 P-3CDQCh-9 P-4CDQCh-9 P-5CDQ
Ch-9 P-6CDQCh-9 P-7CDQCh-9 P-8CDQCh-9 P-9CDQCh-9 P-10CDQCh-9 P-11CDQCh-9 P-12CDQCh-9 P-13CDQCh-9 P-14CDQCh-9 P-15CDQCh-9 P-16CDQCh-9 P-17CDQCh-9 P-9.1ECh-9 P-9.2ECh-9 P-9.3ECh-9 P-9.4ECh-9 P-9.5ECh-9 P-9.6ECh-9 P-9.7ECh-9 P-9.8ECh-9 P-9.9ECh-9 P-9.10ECh-9 P-9.11ECh-9 P-9.12ECh-9 P-9.13ECh-9 P-9.14ECh-9 P-9.15ECh-9 P-9.16ECh-9 P-9.17ECh-9 P-9.18ECh-9 P-9.19ECh-9 P-9.20ECh-9 P-9.21ECh-9 P-9.22ECh-9 P-9.23ECh-9 P-9.1.1PCh-9 P-9.1.2PCh-9 P-9.2.1PCh-9 P-9.2.2PCh-9 P-9.3.1PCh-9 P-9.3.2PCh-9 P-9.4.1PCh-9 P-9.4.2PCh-9 P-9.4.3PCh-9 P-9.4.4PCh-9 P-9.4.5PCh-9 P-9.4.6PCh-9 P-9.4.7PCh-9 P-9.4.8PCh-9 P-9.4.9PCh-9 P-9.4.10PCh-9 P-9.4.11PCh-9 P-9.4.12PCh-9 P-9.4.13PCh-9 P-9.4.14PCh-9 P-9.4.15PCh-9 P-9.4.16PCh-9 P-9.4.17PCh-9 P-9.4.18PCh-9 P-9.4.19PCh-9 P-9.4.20PCh-9 P-9.5.1PCh-9 P-9.5.2PCh-9 P-9.1CCh-9 P-9.2CCh-9 P-9.3CCh-9 P-9.4.1CCh-9 P-9.4.2CCh-9 P-9.4.3CCh-9 P-9.5.1CCh-9 P-9.5.2C

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