account receivable turnover ratio =net credit sales / average account receivables
2016 | 2015 | |||
Jams | tomato | Jams | Tomato | |
net sales | 9500 | 2980 | 7390 | 3650 |
average receivable | 610[620+600]/2 | 235[230+240]/2 | 540[600+480]/2 | 244[240+248]/2 |
account receivable tunover ratio | 15.6[9500/610] | 12.7[2980/235] | 13.7[7390/540] | 15[3650/244] |
days to collect = 365days/account receivable ratio
2016 | 2015 | |||
jams | tomato | jam | tomato | |
days to collect | 23.4days[365/15.6] | 28.7days[365/12.7] | 26.6days[365/13.7] | 24.3days[365/15] |
lower the days to collect means that debtors are collected quickly
As Jams have 23.4 days in 2016 and tomato have 26.6 days
it means that Jams is quickier to convert receivable to cash.
enth Sunda Smiley Jams is well known for its fruit jams and Sir Tomato is the...
Smiley Jams is well known for its fruit jams and Sir Tomato is the company behind Big Green canned vegetables. To evaluate their ability to collect on credit sales, consider the following rounded information in their annual reports (amounts in millions). Fiscal Year Ended April 30: Net Sales Accounts Receivable Allowance for Doubtful Accounts Accounts Receivable, Net of Allowance Smiley Jams 2016 2015 2014 $9,600 $7,490 $7,410 631 611 491 2016 $ 3,0B0 240 Sir Tomato 2015 2014 $3,750 $19,340...
Smiley Jams is well known for its fruit jams and Sir Tomato is the company behind Big Green canned vegetables. To evaluate their ability to collect on credit sales, consider the following rounded information in their annual reports (amounts in millions). Fiscal Year Ended April 30: Net Sales Accounts Receivable Allowance for Doubtful Accounts Accounts Receivable, Net of Allowance Smiley Jams 2016 2015 2014 $8,700 $6,590 $6,510 541 521 401 2016 $ 2,180 159 1 158 Sir Tomato 2015 $...
J. M. Smucker is well known for its fruit jams and Seneca Foods Corporation is the company behind Green Giant canned vegetables To evaluate their ability to collect on credit sales, consider the following rounded information in their annual reports (amounts in millions) J. M. Smucker 2015 Seneca Foods 2014 Fiscal Year Ended April 30: Net Sales Accounts Receivable Allowance for Doubtful Accounts Accounts Receivable, Net of Allowance 2014 $7,800 5,690 $5,610 311 2016 2016 2015 1,290 1,340 $ 1,275...
Mathis and Hashey are two of the largest and most successful toymakers in the world, in terms of the products they sell and their receivables management practices. To evaluate their ability to collect on credit sales, consider the following information reported in their annual reports (amounts in millions). Mathis Hashey Fiscal Year Ended: 2015 2014 2013 2015 2014 2013 Net Sales $3,956 $3,331 $4,118 1,078 $2,102 $2,168 $2,222 Accounts Receivable 684 810 902 982 554 Allowance for Doubtful Accounts Accounts...
Mathis and Hashey are two of the largest and most successful toymakers in the world, in terms of the products they sell and their receivables management practices. To evaluate their ability to collect on credit sales, consider the following information reported in their annual reports (amounts in millions). Fiscal Year Ended: Net Sales Accounts Receivable Allowance for Doubtful Accounts Accounts Receivable, Net of Allowance 2015 $4,356 1,098 15 1,083 Mathis 2014 2013 $3,831 $4,518 704 830 18 19 686 811...
Cola Inc. and Soda Co. are two of the largest and most successful beverage companies in the world in terms of the products that they sell and their receivables management practices. To evaluate their ability to collect on credit sales, consider the following rounded amounts reported in their annual reports (amounts in millions) Fiscal Year Ended: Net Sales Accounts Receivable Allowance for Doubtful Accounts Accounts Receivable, Net of Allowance Cola Inc. 2015 2014 2013 530,819 526,190 527,444 4,388 3,723 3,051...
Cola Inc. and Soda Co. are two of the largest and most successful beverage companies in the world in terms of the products that they sell and their receivables management practices. To evaluate their ability to collect on credit sales, consider the following rounded amounts reported in their annual reports (amounts in millions). Cola Inc. Soda Co. Fiscal Year Ended: 2015 2014 2013 2015 2014 2013 Net Sales $39,319 $35, 190 $35,944 $61,938 $47,432 $47, 251 Accounts Receivable 4,578 3,893...
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Cola Inc. and Soda Co. are two of the largest and most successful beverage companies in the world in terms of the products that they sell and their recelvables management practices. To evaluate their ability to collect on credit sales, consider the following rounded amounts reported in their annual reports (amounts In millions). Fiscal Year Ended: Net Sales Accounts Receivable Allowance for Doubtful Accounts Accounts...
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Check my work CP8-5 Analyzing Allowance for Doubtful Accounts, Receivables Turnover Ratio, and Days to Collect [LO 8-4] Mathis and Hashey are two of the largest and most successful toymakers in the world, in terms of the products they sell and their receivables management practices. To evaluate their ability to collect on credit sales, consider the following information reported in their annual reports (amounts in millions). Fiscal Year Ended: Net Sales Accounts Receivable...
Chapter 8 Homework Help Save & Exit Submit Geved Check my work 7 Cola Inc. and Soda Co. are two of the largest and most successful beverage companies in the world in terms of the products that they sell and their receivables management practices. To evaluate their ability to collect on credit sales, consider the following rounded amounts reported in their annual reports (amounts in millions). 4.32 points Fiscal Year Ended: Net Sales Accounts Receivable Allowance for Doubtful Accounts Accounts...