Business, 03.03.2020 05:54 abigailguzman4108

Crane Corp. has a gross profit margin of 30.00 percent, sales of $36,000,000, and inventory of $15,000,000. What is its inventory turnover ratio? (Round answer to 2 decimal places, e. g. 15.25.)

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Answer from: moonk7733

Crane Corp.'s inventory turnover ratio is 1.68 times

Explanation:

Inventory turnover ratio an efficiency ratio that indicates how many times a company sells and replaces its stock of goods during a particular period

Inventory turnover ratio is calculated by using following formula:

Inventory turnover ratio = Cost of Goods Sold/Inventory

Crane Corp. has a gross profit margin of 30.00 percent.

Gross profit margin = Gross Profit/ Sales = (Sale - Cost of Goods Sold)/Sales

Cost of Goods Sold = Sales - Gross profit margin x Sales = $36,000,000 - $36,000,000 x 30% = $25,200,000

Inventory turnover ratio = $25,200,000/$15,000,000 = 1.68 times

Answer from: Quest

both are integral parts of a corporate balance sheet. the cash flow statement, or statement of cash flows, measures the sources of a company's cash and its uses of cash over a specific time period. the income statement measures a company's financial performance, such as revenues, expenses, profits or losses over a specific time period (in fact, it's sometimes called a statement of financial performance).

a cash flow statement shows exactly how much money a company has received and how much it has spent, traditionally over a period of one month. it captures the current operating results and changes on the balance sheet, such as increases or decreases in accounts receivable or accounts payable, and does not include noncash accounting items such as depreciation and amortization. the cash flow generally comes from revenue received as a result of business activity, but it may be augmented by funds available as a result of credit. a cash flow statement is used to determine the short-term viability and liquidity of a company, specifically how well it is positioned to pay its bills and vendors.

Answer from: Quest

they can see what that city is producing and to also see if they can some how get that product. like gold in africa.

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Crane Corp. has a gross profit margin of 30.00 percent, sales of $36,000,000, and inventory of $15,0...