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Paul & Griffon | |||
Answer 1 | A | B | C=(A+B)/2 |
Receivable Turnover ratio | Beginning | Ending | Average |
Accounts Receivable | 6,300.00 | 6,700.00 | 6,500.00 |
Sales | 85,000.00 | D | |
Receivable Turnover ratio | 13.1 | E=D/C | |
Sales/ Average Accounts Receivable | |||
F | G | H=(F+G)/2 | |
Inventory Turnover ratio | Beginning | Ending | Average |
Inventory | 7,080.00 | 7,100.00 | 7,090.00 |
Sales | 85,000.00 | I | |
Gross profit % | 49.60% | J | |
Gross profit | 42,160.00 | K=I*J | |
Cost of goods sold | 42,840.00 | L=I-K | |
Inventory Turnover ratio | 6.0 | M=L/H | |
Cost of goods sold/ Average Inventory | |||
Answer 2 | |||
Average days to collect receivables | 27.9 | days | 365/E |
365/ Receivable Turnover ratio | |||
Average days to sell inventory | 60.4 | days | 365/M |
365/ Inventory Turnover ratio | |||
Paul & Griffon is a multinational corporation that manufactures and markets many products that you use...
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