The following data were taken from the annual reports of Jong Inc. ,a manufacturer of fireworks,and Hobson Inc. ,a manufacturer of computers.
(a)Determine the (1)inventory turnover and (2)number of day's sales in inventory for Jong and Hobson.Round your answer to two decimal places.
(b)How would you expect these measures to compare between the companies? Why?
Definitions:
Workplace Hazardous Material Information System
A comprehensive system designed to provide workers and employers with information on the safe handling, storage, and use of hazardous materials in the workplace.
Acute Stressors
Short-duration factors or events that cause immediate stress responses in individuals.
Workplace Health and Safety
Policies, procedures, and practices designed to protect employees from occupational hazards and accidents.
Safety Climate
The shared perceptions and attitudes within an organization about the importance of safety and the practices that support a safe working environment.
Q18: An asset was purchased for $58,000 and
Q73: Money market accounts,commercial paper,and United States Treasury
Q92: In preparing a bank reconciliation,the amount of
Q111: The following units of an inventory item
Q136: A summary of selected ledger accounts appear
Q136: During periods of increasing costs,the use of
Q141: To record estimated uncollectible receivables using the
Q142: Most companies will take a purchases discount,because
Q143: Cost flow is in the order in
Q149: On the basis of the following data,determine