based on the following data for the current year, what is the accounts receivable turnover?
Nets sales on account during year $400,000
Cost of merchandise sold during year 300,000
Accounts receivable beginning of year 45,000
Accounts receivable end of year 35,000
inventory beginning of year 90,000
inventory end of year 110,000
Accounts receivable turnover = Nets sales / Average accounts receivable
Accounts receivable turnover = $400,000 / [($45,000 + $35,000) / 2]
Accounts receivable turnover = 10
based on the following data for the current year, what is the accounts receivable turnover? Nets...
Based on the following data, what is the accounts receivable turnover? Sales on account during year $600,000 Cost of merchandise sold during year 270,000 Accounts receivable, beginning of year 45,000 Accounts receivable, end of year 35,000 Inventory, beginning of year 90,000 Inventory, end of year 110,000 13.3 2.6 20.0 15.0
29.Based on the following data for the current year, what is the inventory turnover Net sales on account during year Cost of merchandise sold during year Accounts receivable, beginning of year Accounts receivable, end of year Inventory, beginning of year Inventory, end of year $500,000 330,000 45,000 35,000 90,000 110,000 a. 3.3 b. 8.3 c. 3.7 3.0
Fawnsworth Industries Below is financial data for Fawnsworth Industries’ current year. Net sales on account during year $500,000 Cost of merchandise sold during year 300,000 Accounts receivable, beginning of year 45,000 Accounts receivable, end of year 35,000 Inventory, beginning of year 90,000 Inventory, end of year 110,000 41. Refer to the data for Fawnsworth Industries. Based on this information, what is Fawnsworth’s number of days’ sales in inventory (assuming a 360 day year)? a. 132 days b. 216 days c....
Based on the following data, what is the accounts receivable turnover? Sales on account during year $432,045 Cost of goods sold during year 180,534 Accounts receivable, beginning of year 41,109 Accounts receivable, end of year 52,125 Inventory, beginning of year 91,460 Inventory, end of year 108,970
Based on the following data for the current year, what is the inventory turnover? Net sales on account during year $418,974 Cost of goods sold during year 165,391 Accounts receivable, beginning of year 42,206 Accounts receivable, end of year 46,725 Inventory, beginning of year 36,069 Inventory, end of year 44,506 Do not round interim calculations. Round your final answer to one decimal place. Select the correct answer. 0 1 35.1 04.1 O 2.5
gased on the following data for the current year, what is the acounts receivable turnover? Sales on account during year Cost of merchandise sold during year Accounts receivable, beginning of year Accounts receivable, end of year Inventory, beginning of year Inventory, end of year $584,000 300,000 45,000 35,000 90,000 110,000 a) 7.3 b) 2.5 c) 25 d) 14.6 41) Current liabilities are a) Due and receivable within one year b) Due, but not payable for more than one year c)...
r Question 1.44 Hortzontal analysie of comparaive fnnancial stataments Includes O aiaustion of dolar amount chnges and peroetage dhanges from the previous to the cumont year r Question 1.45 Current year Preceding year $325,000 250,000 What le the percentage Increase In satee from trhe preceding year to trhe current year? 070% Question 1.46 Based on the Tollowing data for the current year, what is the Inventory tamover? Sales on account during year Cost of goods sold during year Accounts receivable,...
Based on the following data for the current year, what is the number of days' sales in inventory? Net sales on account during year $400,873 Cost of goods sold during year 184,416 Accounts receivable, beginning of year 40,431 Accounts receivable, end of year 50,704 Inventory, beginning of year 32,384 Inventory, end of year 41,019 Do not round interim calculations. Round your final answer up to the nearest whole day. Select the correct answer. O 73 days O 90 days 5...
Accounts Receivable and Inventory Turnover Use the following information to respond to the questions below. Round all numbers to 1 place past the decimal (Example: 4.1, 90.7, Current Year Prior Year Net Sales 580,000 539,000 Cost of Goods Sold 377,000 345,000 Accounts Receivable, beginning of year 61,000 73,000 61,400 61,000 Accounts Receivable, end of year Inventory, beginning of year Inventory, end of year 58,000 65,600 87,800 58,000 Current Year Prior Year Accounts Receivable Turnover AR Days (365/AR Turn) Inventory Turnover...
Assume the following sales data for a company: Current year Preceding year $757,611 $562,022 What is the percentage increase in sales from the preceding year to the current year? Select the correct answer. 074.18% 025.82% 0134.8096 034.80% Based on the following data for the current year, what is the number of days' sales in inventory? Net sales on account during year Cost of goods sold during year Accounts receivable, beginning of year Accounts receivable, end of year Inventory, beginning of...