The following information is available about Marne Company for 2010. All sales are on credit. Average cash and marketable securities = $1 million EBIT = $2 million Average inventory = $5 million COGS = $15 million Average accounts payable = $3 million Long-term bonds = $8 million Average accounts receivable = $3 million Coupon rate on bonds = 10% Total Sales = $20 million Find its (A) Inventory turnover ratio (B) Number of days sales outstanding (C) Interest coverage ratio (D) Current ratio (E) Quick ratio

When slick heating company switched to an activity based costing system, it realized that it was allocating a much lower percentage of factory overhead to a product line that the marketing department was trying to push. the product line may contain which type of products?

Sonic corp. manufactures ski and snowboarding equipment. it has estimated that this year there will be substantial growth in its sales during the winter months. it approaches the bank for credit. what is the purpose of such credit known as? a. expansion b. inventory building c. debt management d. emergency maintenance

At december 31, 2016, pina corporation had the following stock outstanding. 10% cumulative preferred stock, $100 par, 107,810 shares $10,781,000 common stock, $5 par, 4,026,000 shares 20,130,000 during 2017, pina did not issue any additional common stock. the following also occurred during 2017. income from continuing operations before taxes $21,950,000 discontinued operations (loss before taxes) $3,505,000 preferred dividends declared $1,078,100 common dividends declared $2,300,000 effective tax rate 35 % compute earnings per share data as it should appear in the 2017 income statement of pina corporation