Top Posters
Since Sunday
w
3
w
3
e
3
3
r
3
g
2
2
b
2
M
2
V
2
f
2
c
2
Home Q & A Board Other Fields Homework Help Business Accounting
New Topic  
ʎddɐɥ ʎddɐɥ
wrote...
Go to Answer
Posts: 293
Rep: 0 0
7 years ago
The following comparison is presented for Couch, Inc. to the industry averages:
   Industry
   Couch, Inc.   Averages
   Current ratio   1.7   1.2
   Quick ratio   .6   .8
   Net sales to working capital   12.0   25.0
   Receivables turnover   4.0   7.6
   Inventory turnover   4.8   6.2
What conclusion can be drawn when comparing Couch's inventory turnover to the industry average?
A) Couch is selling its inventory quicker than the industry average.
B) Couch's turnover of its inventory is quicker than the industry average.
C) Couch has less inventory to total assets than the industry average.
D) Couch has less inventory to cost of sales than the industry average.
Read 94 times
1 Reply
Replies
Answer verified by a subject expert
hol23hol23
wrote...
#1
Posts: 373
Rep: 0 0
7 years ago
Sign in or Sign up in seconds to unlock everything for free
1

Related Topics

ʎddɐɥ Author
wrote...

7 years ago
Just got PERFECT on my quiz
Marcie D
wrote...

Yesterday
Thank you, thank you, thank you!
bkrandy
wrote...

2 hours ago
I appreciate what you did here, answered it right Smiling Face with Open Mouth
New Topic      
Quick Reply
Explore
Post your homework questions and get free online help from our incredible volunteers
  454 People Browsing
Start New Topic Take the Tour CoursesNew Study Tools Topics Trending Browse by Textbook
Live Chat
Related Images
  
 10992
  
 1155
  
 348
Your Opinion
Who will win the 2024 president election?
Votes: 119
Closes: November 4
Previous poll results: Which industry do you think artificial intelligence (AI) will impact the most?