question archive The following financial information is for Alpha Corporation are for the fiscal years ending 2017 & 2016 (all balances are normal):Item/Account20172016Accounts Receivable$9,800$9,400Inventory25,00016,000Net Sales (all credit)80,00071,000Cost of Goods Sold49,00052,000Net Income7,2006,900Use this information to determine for FY 2017: (Round & enter your answers to one decimal place and enter the value
The following financial information is for Alpha Corporation are for the fiscal years ending 2017 & 2016 (all balances are normal):Item/Account20172016Accounts Receivable$9,800$9,400Inventory25,00016,000Net Sales (all credit)80,00071,000Cost of Goods Sold49,00052,000Net Income7,2006,900Use this information to determine for FY 2017: (Round & enter your answers to one decimal place and enter the value
Subject:AccountingPrice: Bought3
The following financial information is for Alpha Corporation are for the fiscal years ending 2017 & 2016 (all balances are normal):Item/Account20172016Accounts Receivable$9,800$9,400Inventory25,00016,000Net Sales (all credit)80,00071,000Cost of Goods Sold49,00052,000Net Income7,2006,900Use this information to determine for FY 2017: (Round & enter your answers to one decimal place and enter the value.) Show your work!1. the inventory turnover ratio2. number of days of inventory3. Gross Profit Margin4. Profit Margin
