Ashley, who owns the wildly successful Tattoo Temple, also runs Hula Hoop Heaven, a store devoted to people who do not work and have devoted their lives full-time to hula hooping. Hula Hoop Heaven has reported accounts receivable of $45,000, current assets of $150,000, a gross margin percentage of 50%, fixed assets of $250,000, an asset turnover of 2, an expense ratio of 25%, and a balance sheet inventory of $100,000. What is the inventory turnover for Hula Hoop Heaven?
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- National SavingsBank (NSB) is examining the profitability of its PremierAccount, a combined savings and checking account.NSB recently conducted an activity-based costing study of its services. It assessed the following costs for six individual services. The use of these services in2017 by three customers is as follows:Assume Lindenand Gonzalez always maintain a balance above $1,000, whereas Whitner always has a balance below $1,000. Depositors receive a 2% annual interest rate on their average deposit. NSB earns an interest rate spread of 3% (the difference between the rate at which it lends money and the rate it pays depositors) by lending money for home-loan purposes at 5%. Thus, NSB would gain $60 on the interest spread if a depositor had an average Premier Account balance of $2,000 in 2017 ($2,000 x 3% = $60). The Premier Account allows depositors unlimited use of services such as deposits, withdrawals, checking accounts, and foreign currency drafts.…. PQR is the accounting intern for, a firm that has many small clients that need monthly accounting services. Ray has been asked by the partner in charge to analyze the asset section of firm’s balance sheets which follow: 2011 2012 Cash $2,500 $3,900 Accounts receivable, net 35,000 40,000 Inventory 85,000 122,000 Other current assets 3,400 4,110 Total current assets 125,900 170,010 Property , plan &equipment , net 180,000 230,000 Other assets 15,000 26,000 Total assets $320,900 $426,010 Required Prepare a common-size analysis of the assets section of the firm’s balance sheet for 2011 and 2012.Round all percentage answers to one decimal placePQR is the accounting intern for, a firm that has many small clients that need monthly accounting services. Ray has been asked by the partner in charge to analyze the asset section of firms’s balance sheets which follow: 2011 2012 Cash $2,500 $3,900 Accounts receivable, net 35,000 40,000 Inventory 85,000 122,000 Other current assets 3,400 4,110 Total current assets 125,900 170,010 Property, plant & equipment, net 180,000 230,000 Other assets 15,000 26,000 Total assets $320,900 $426,010 Required Prepare a common-size analysis of the assets section of the firms balance sheet for 2011 and 2012.Round all percentage answers to one decimal place
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