Corona Company's Balance Sheet Accounts Follow

question 131

Multiple Choice

Corona Company's balance sheet accounts follow:
-What is Corona Company's days' sales in inventory ratio for 2014,assuming net sales and gross profit for the period were $1,236,783,and $927,587 respectively?

• A)86.75
• B)112.29
• C)105.41
• D)75.35
• E)107.11

Understand the sources and types of power within an organization.

Recognize the role of discretion in the effectiveness of power.

Identify strategies for increasing personal power and influence in the workplace.

Explain the impact of networking on expert and referent power.

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Definitions:

Dividends Paid

The sum of money paid by a company to its shareholders out of its profits or reserves.

Cash Flow

The aggregate circulation of cash and cash-like resources transitioning into and out of an enterprise.

Creditors

Individuals, banks, or other entities that lend money or extend credit to others, with the expectation of being repaid, often with interest.

Book Value

A financial metric that represents the net asset value of a company, calculated by subtracting total liabilities from total assets.