The june 30, 2021, year-end trial balance for askew company contained the following information: account debit credit inventory, 7/1/2020 33,100 sales revenue 391,000 sales returns 13,100 purchases 251,000 purchase discounts 7,100 purchase returns 11,100 freight-in 19,200 in addition, you determine that the june 30, 2021, inventory balance is $41,100. required: calculate the cost of goods sold for the askew company for the year ending june 30, 2021.

Elephant, inc.'s cost of goods sold for the year is $2,000,000, and the average merchandise inventory for the year is $129,000. calculate the inventory turnover ratio of the company. (round your answer to two decimal places.)

Afirm wants to strengthen its financial position. which of the following actions would increase its current ratio? a. reduce the company's days' sales outstanding to the industry average and use the resulting cash savings to purchase plant and equipment.b. use cash to repurchase some of the company's own stock.c. borrow using short-term debt and use the proceeds to repay debt that has a maturity of more than one year.d. issue new stock, then use some of the proceeds to purchase additional inventory and hold the remainder as cash.e. use cash to increase inventory holdings.

Suppose that each country completely specializes in the production of the good in which it has a comparative advantage, producing only that good. in this case, the country that produces jeans will produce million pairs per week, and the country that produces corn will produce million bushels per week.