Question

Heritage, Inc., had a cost of goods sold of $44,321. At the end of the year, the accounts payable balance was $8,343. How long on average did it take the company to pay off its suppliers during the year? (Use 365 days a year. Do not round Intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Days sales in payables days Prev 50f 10 Ξ¡ Next 25 MacBook Air
0 0
Add a comment Improve this question Transcribed image text
Know the answer?
Add Answer to:
Heritage, Inc., had a cost of goods sold of $44,321. At the end of the year,...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions
  • saxhorn inc had a cost of goods sold of $138,572 last year. at the end of...

    saxhorn inc had a cost of goods sold of $138,572 last year. at the end of the year, accounts payable balance was $32681 a how long on average did it take the company to pay its suppliers (what is the payables period)? b what might a large value for this ratio imply? le Home Insert Page Layout Formulas Data Review View Assignment 3-4 Worksheet - Excel Tell me what you want to do... Developer Arial * Cut Copy Format Painter...

  • The King Corporation has ending inventory of $386,735, and cost of goods sold for the year...

    The King Corporation has ending inventory of $386,735, and cost of goods sold for the year just ended was $4,981,315. a.What is the inventory turnover? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)b.What is the days' sales in inventory? (Use 365 days a year. Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)c.How long on average did a unit of inventory sit on the shelf before it...

  • Twist Corp. has a current accounts receivable balance of $336,500. Credit sales for the year just...

    Twist Corp. has a current accounts receivable balance of $336,500. Credit sales for the year just ended were $4,899,440. a. What is the company's receivables turnover? (Do not round intermediate calculations. Round your answer to 2 decimal places, e.g., 32.16.) b. What is the company's days' sales in receivables? (Use 365 days a year. Do not round intermediate calculations. Round your answer to 2 decimal places, e.g., 32.16.) c. How long did it take on average for credit customers to...

  • Aguilera Corp. has a current accounts receivable balance of $338,500. Credit sales for the year just...

    Aguilera Corp. has a current accounts receivable balance of $338,500. Credit sales for the year just ended were $4,847,320. What is the company's receivables turnover? (Do not round intermediate calculations. Round your answer to 2 decimal places, e.g., 32.16.) Receivables : turnover times What is the company's days' sales in receivables? (Use 365 days a year. Do not round intermediate calculations. Round your answer to 2 decimal places, e.g., 32.16.) Days' sales in receivables 7 days How long did it...

  • For the most recent year, Seether, Inc., had sales of $439,000, cost of goods sold of...

    For the most recent year, Seether, Inc., had sales of $439,000, cost of goods sold of $219,200, depreciation expense of $58,900, and additions to retained earnings of $51,100. The firm currently has 24,000 shares of common stock outstanding, and the previous year’s dividends per share were $1.45. The income tax rate is 32 percent. What was the EBIT? (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.) EBIT            $ How much in total...

  • For the most recent year, Seether, Inc, had sales of $454,000, cost of goods sold of...

    For the most recent year, Seether, Inc, had sales of $454,000, cost of goods sold of S218,800, depreciation expense of S57,400, and additions to retained earnings of $49,800. The firm currently has 39,000 shares of common stock outstanding, and the previous years dividends per share were S1.45. The income tax rate is 32 percent. What was the EBIT? (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.) EBIT How much in total dividends...

  • A7X Corporation has ending inventory of $698,973 and cost of goods sold for the year just...

    A7X Corporation has ending inventory of $698,973 and cost of goods sold for the year just ended was $4,054,513. a. What is the inventory turnover? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) b. What is the days' sales in inventory? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) c. How long on average did a unit of inventory sit on the shelf before it was...

  • A7X Corporation has ending inventory of $625,817, and cost of goods sold for the year just ended was $9,758,345 a. What...

    A7X Corporation has ending inventory of $625,817, and cost of goods sold for the year just ended was $9,758,345 a. What is the inventory turnover? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) b. What is the days' sales in inventory? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) c. How long on average did a unit of inventory sit on the shelf before it was...

  • For the most recent year, Camargo, Inc., had sales of $546,000, cost of goods sold of...

    For the most recent year, Camargo, Inc., had sales of $ 546,000, cost of goods sold of $ 244,410, depreciation expense of $ 61,900, and additions to retained earnings of $ 74,300. The firm currently has 21,500 shares of common stock outstanding and the previous year's dividends per share were $ 1.25.Assuming a 23 percent income tax rate, what was the times interest earned ratio? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)Times...

  • Shelton, Inc., has sales of $20 million, total assets of $17.6 milion, and total debt of...

    Shelton, Inc., has sales of $20 million, total assets of $17.6 milion, and total debt of $6.7 million. Assume the profit margin is 8 percent. What is the company's net income? (Do not round intermediate calculations. Enter your answer in dollars not in millions, e.g., 1,234,567.) Net income $ 1,600,000 What is the companys ROA? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) ROA 9.09 % What is the company's...

ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT