Anthony Thomas Candies (ATC) reported the following financial data for 2021 and 2020:
2021 2020
Sales $305,000 $284,000
Sales returns and allowances 9,000 6,000
Net sales $296,000 $278,000
Cost of goods sold:
Inventory, January 1 43,000 36,000
Net purchases 152,000 146,000
Goods available for sale 195,000 182,000
Inventory, December 31 57,000 43,000
Cost of goods sold 138,000 139,000
Gross profit $158,000 $139,000
ATC's inventory turnover ratio for 2021 is:
Answers: 1
Another question on Business
Business, 21.06.2019 22:10
Arival company manufactures fuel tanks for cars using a different production technique. the total weekly cost (in dollars) of producing x tanks is given by c(x) = 10000 +90x - 0.04x2 find the marginal cost at a production level of 500 fuel tanks per week to approximate the cost of the 501st unit (round to the nearest 2 decimal places, if needed)
Answers: 3
Business, 22.06.2019 22:30
Experts are particularly concerned about four strategic metal resources that are important for the u.s. economy and military strength, and that must be imported. what percentage does the u.s. import? *
Answers: 2
Business, 23.06.2019 04:00
Which of the following should be considered last when searching for financing
Answers: 2
You know the right answer?
Anthony Thomas Candies (ATC) reported the following financial data for 2021 and 2020:
2021 2020
Questions
Mathematics, 06.08.2019 22:30
Mathematics, 06.08.2019 22:30
Mathematics, 06.08.2019 22:30
Mathematics, 06.08.2019 22:30
