Medina Enterprises The following selected financial information is available for Medina for the year ended December 31, 2012. Net sales $450,000 Inventory, 1/1/12 $48,400 Cost of goods sold 299,500 Inventory, 12/31/12 49,670 Refer to the information provided for Medina Enterprises. Calculate Medina's days-in-inventory ratio
A) 58.98 days
B) 60.53 days
C) 39.77 days
D) 59.76 days
D
You might also like to view...
The relationship between a company and its office supplies vendor where competition rather than cooperation is the dominant form of governance is probably best described as ________
A) basic buying and selling B) contractual transaction C) collaborative D) customer supply E) customer is king
The key cause of municipal financial crises is the failure of management to raise taxes quickly enough in response to adverse environmental factors.
Answer the following statement true (T) or false (F)
Compare the habitual decision-making process and the extended problem-solving process. Give an example of when a consumer might use each in the consumer decision-making process
What will be an ideal response?
In the context of the history of American business, the _____ emerged in the second half of the 1800s, by building on the foundation of the industrial revolution.
A. entrepreneurship era B. relationship era C. marketing era D. production era