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

As a result of a thorough physical inventory, waterway company determined that it had inventory worth $320200 at december 31, 2020. this count did not take into consideration the following facts: walker consignment currently has goods worth $47400 on its sales floor that belong to waterway but are being sold on consignment by walker. the selling price of these goods is $75900. waterway purchased $21900 of goods that were shipped on december 27, fob destination, that will be received by waterway on january 3. determine the correct amount of inventory that waterway should report.