18) Calculate the accounts receivable (A/R) turnover from the data below.
Sales $4,000,000, beginning A/R $ $250,000, Ending A/R $150,000. Show your work and watch your decimals. Properly label your answer.
19) Calculate the number of days in sales in Inventory from the data below:
Beginning Inventory $1,800,000, Ending Inventory $600,000, Average daily cost of Goods sold $12,000. Show your work and watch your decimals. Properly label your answer.
Please find below table useful to compute desired results: -
End results would be as follows: -
18) Calculate the accounts receivable (A/R) turnover from the data below. Sales $4,000,000, beginning A/R $...
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Mailings Review View 2. 2! AaBbCcl AaBb C AaBbc AaBbCel Aa Bbce. Aal Emphasis Heading 1 1 Normal Strong Subtitle Title Paragraph Styles 18) Calculate the accounts receivable (A/R) tumover from the data below. Sales $4,000,000, beginning A/R$ $250,000, Ending A/R $150,000. Show your work and watch your decimals. Properly label your answer.
Calculate the accounts receivable turnover, average collection period (days), inventory turnover, fixed asset turnover, and total asset turnover for each period. X2 X3 X4 $2,500,000 3.200,000 3,500,000 4,000,000 1.900.000 2400.0002.700.000 3200.000 800,000 400,00D 25,000 200,000 10.000 20.000 30.000 60.000 15,000 107,500 COST OF GOODS SOLD GROSS PROFIT SELLING & ADMINISTRATIVE EXPENSE DEPRECIATION LEASES MISCELLANEOUS EXPENSE 600,000 400,000 800,000 800,000 400,000 160,000 190,000 138,700 25,000 175,000 170,000 89,000 EARNINGS BEFORE INTEREST & TAXES INTEREST EARNINGS BEFORE TAXES TAXES (35%) NET INCOME...
usinf the amounts below, calculate the inventory turnover ratio, average days in inventory, and gross profit ratio. nventory turnover ratio, average days in inventory Net sales $250,000 180,000 Cost of goods sold Beginning inventory Ending inventory 55,000 45,000 ing a periodic system (106-8)
Accounts Receivable Turnover and Number of Days' Sales in Receivables Financial statement data for years ending December 31 for Blum Company are shown below. 2016 2015 Sales $5,794,740 $5,432,660 Accounts receivable: Beginning of year 423,110 474,240 End of year 496,690 416,360 a. Determine the accounts receivable turnover for 2016 and 2015. Round your answers to one decimal place. Accounts Receivable Turnover 2016 2015 b. Determine the number of days' sales in receivables for 2016 and 2015. Use 365 days in...
1) Using the data in the table below, calculate the accounts receivable turnover and the days sales in receivables for years 1 and 2. In addition, comment on whether or not the company is improving on collecting on receivables from their customers. (5 points) Year 1 Year 2 Sales $110,245 $100,543 Accounts Receivable $3,986 $3,123 In addition, assume that accounts receivable at the beginning of year 1 is $2,987.
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
The following data were taken from the income statements of Mydorf Company. Sales revenue Beginning inventory Purchases 2020 $6,450,000 915,000 4,328,250 1,040,000 2019 $6,230,000 900,000 4,643,250 915,000 Ending inventory Compute for each year the inventory turnover. (Round answers to 1 decimal place, e.g. 1.6.) 2020 2019 Inventory turnover times times LINK TO TEXT Compute for each year the days in inventory. (Use 365 days for calculation. Round answers to 1 decimal place, e.g. 1.6.) 2020 2019 Days in inventory days...
box answers Lailulelor Accounts receivable turnover and days' sales in receivables Financial statement data for years ending December 31 for Chiro-Solutions Company follow: 2012 2011 Sales $2,912,000 $2,958,000 Accounts receivable: Beginning of year 300,000 280,000 End of year 340,000 300,000 a. Determine the accounts receivable turnover for 2012 and 2011. If required, round the final answers to one decimal place. Accounts Receivable Turnover 2012 2011 b. Determine the days' sales in receivables for 2012 and 2011. Use 365 days, if...
Accounts Receivable Turnover Using the following data, calculate this company's accounts receivable turnover. Round your answers to two decimal places. Accounts receivable balance, December 31 $54,000 Inventory balance, December 31 59,000 Sales revenue 520,000 Cost of goods sold 310,000 Accounts receivable balance, January 1 46,000