• Topps Company Inc Report
    McBride 05/27/2013 Topps, 2 A. What was Toppsinventory turnover ratio and average days to sell inventory for 2006 and 2005...
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  • Topps Company Inventory Evaluation
    sell and what method is used to sell them to increase the company’s net sales. Evaluation of the Topps Company financial status involves evaluating their inventory turnover ratio and their average days to sell inventory in the year 2006 compared to the year 2005. To evaluate the number of days...
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  • Topps Company’s Annual Report
    , candy and other popular entertainment products. In this paper, I will analyze the Topps Company’s annual report. I will discuss the business's inventory turnover ratio and average days to sell their inventory for 2006 and 2005, whether the company’s management of inventory is getting better or...
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  • Topps Annual Report
    inventory. The average days in inventory is calculated by dividing 365 by the inventory turnover (Edmonds, et al., 2007). Using the above turnover ratios, Topps' average days in inventory for 2006 was 68 days, and 64 days in 2005. According to these figures, it shows that in 2006 it took Topps Company...
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  • Ashford Acc281
    Topps Company had set a goal for 2006 to operate showing a profit. Was Topps Company successful? In order to answer this question, other questions need answers. What were the Toppsinventory turnover ratio and the average number of days to sell the inventory? Was this a positive or negative...
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  • Topps
    replaced with new inventory in the business. What was Topps Company’s inventory turnover ratio and average days to sell inventory for 2006 and 2005? In order to find out the turnover ratio you must use: Cost of goods sold / Average Inventory = Inventory Turnover Ratio divided by 2. The company...
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  • Topps Assignment 2
    Topp’s Inventory Report Leslie Krumm ACC 281 Accounting Concepts for Health Care ProfessionalsInstructor: Edward Kaplan What was Toppsinventory turnover ratio and average days to sell inventory for 2006 and 2005? To find the inventory ratio for a company the...
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  • : Understanding Real World Financial Reports
    Use the Topps Company’s annual report in Appendix B to answer the following questions What was Toppsinventory turnover ratio and average days to sell inventory for 2006 and 2005? According to our text (Appendix B), inventory ratio is the amount of goods sold divided by the average inventory...
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  • Topps Company Annual Report
    In 2006, The Topps Company, Inc. had a turnover ratio of 5.38, compared to 5.74 in 2005. The average inventory in 2006 was 34,844 compared to 32,973 in 2005. The average days to sell inventory was 64.26 days in 2006 compared to 63.59 days in 2005. Unfortunately this is an indication that the...
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  • Topps Restructure
    sell the inventory is calculated by dividing 365 days by the inventory turnover ratio (Edmonds, CH 4 pg. 151). By dividing 365/5.74 which is the 2005 inventory turnover ratio we can see that the average number of days it took to sell the product in 2005 was 64 days. Then calculating 2006 average...
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  • Topps Company Inventory
    prices drop. The company has made an investment that has a zero rate of return if the inventory is not being turned over. Topps Company had a turnover ratio of 5.38 in 2006 and 5.74 in 2005. Average days to sell are obtained from using the number of days in a year 365 divided by the...
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  • Topps Company
    year for the company do to the reorganization that was going on. Looking at the turnover ratio Topps will use these to figure out the average number of days it took to sell their product. By taking the inventory turnover and dividing it by 365 you can see that it took longer for in 2006 68 days...
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  • Answers
    ) $300,000 X 1.245 = $373,500, 2010 net income. (b) $300,000 ÷ .06 = $5,000,000, 2009 revenue. 10. (a) Liquidity ratios: Working capital, current ratio, current cash debt coverage ratio, inventory turnover ratio, days in inventory, receivables turnover ratio, and average collection period...
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  • Ratio Calculation Example of Pran
    sell inventory shows the time in which full inventory can be sold. It also shows that how quickly company can generate revenues. The formula is- Days to sell inventory= Average Inventory/(COGS/360) |2011 |2010 |2009 |2008 |2007 |2006 |2005 |2004 |2003 |2002 | |Inventory |514774000 |491758000...
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  • Accounting Analysis of Colorado Group
    Assets 11 Return on Invested Capital 11 ACTIVITY/EFFICIENCY 12 Debtors Turnover 12 Average Days Sales Uncollected 12 Inventory Turnover 13 SHORT TERM LIQUIDITY 14 Current Ratio 14 Quick Ratio 14 Operation Cash Flows to Current Liabilities 15 LONG TERM LIQUIDITY 15 Debt to Equity 15...
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  • Working Capital
    of inventory. In manufacturing companies, inventories of finished goods are used to calculate inventory turnover. Inventory Turnover Ratio of Total Solution during the period 2004-2005 to 2008-2009. |Years |Cost of goods sold |Average inventory...
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  • Business Performance
    turnover ratio reported, if SC Ltd had exclusively used the FIFO method its inventory turnover ratio would have been closest to? 11. You are comparing the property and equipment disclosures for three airline companies, as summarized in the following table: You find that the average fleet age is...
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  • Wal Mart
    Days' Sales in Inventory Year Wal-Mart Target Industry Average Year Wal-Mart Target Industry Average 2007 7.84 6.41 7.3 2007 46.56 56.94 50 2006 7.45 6.12 7.3 2006 48.99 59.64 50 2005 7.29 5.98 7.3 2005 50.07 61.04 50 2004 7.47 6.42 7.3 2004 48.86 56.85 50 2003 7.31 5.49 7.3 2003 49.93 66.48 50...
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  • Square Pharma Ltd
    amount the firm normally gives people to repay their credit, then the firm is doing a poor job of collecting receivables. The term Debtor Collection Period indicates the average time taken to collect trade debts. Debtors collection period = 365 days/Debtor turnover ratio Year | 2005 | 2006...
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  • Analisis Pareto
    ending inventory of $865,371, and cost of goods sold for the year just ended was $4,378,650. What is the inventory turnover? The days’ sales in inventory? How long on average did a unit of inventory sit on the shelf before it was sold? Calculating Leverage Ratios. Myrtle Golf, Inc., has a total...
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