What is Pettijohn’s days sales outstanding? Assume a 360-day year for this calculation. Given the following figures ($Millions)
Select one:
a. 48.17
b. 50.71
c. 53.38
d. 56.19
e. 59.14
What is Pettijohn’s days sales outstanding? Assume a 360-day year for this calculation. Given the following...
Master, Inc. currently has $10,000,000 in accounts receivable. It has day sales outstanding of 60 days. Assume a 360-day year. The company wants to reduce its DSO to the industry average of 30 days by pressuring more of its customers to pay their bills on time. The company's CFO estimates that if this policy is adopted the company's average sales will fall by 20 percent. Assuming that the company adopts this change, succeeds in reducing its DSO to 30 days,...
Dyl Pickle Inc. had credit sales of $4,000,000 last year and its days sales outstanding was DSO = 35 days. What was its average receivables balance, based on a 365-day year. a. $441,096 b. $318,356 c. $383,562 d. $471,781 e. $368,219
Assume that Parker Company will receive SF200,000 in 180 days. Assume the following interest rates: 360-day borrowing rate 360-day deposit rate U.S. 7% 6% Switzerland 5% 49 Assume the forward rate of the Swiss franc is 5.50 and the spot rate of the Swiss franc is 5.48. If Parker Company uses a money market hedge, it will receive_in 180 days. 592.307 594,307 $96,914 $98,769 None is correct.
Compute interest and find the maturity date for the following notes. (Use 360 days for calculation.) Date of Note Interest Rate (%) Principal Terms Interest Maturity Date a. June 10 $43,200 10% 60 days $ b. July 14 $36,000 11% 90 days $ C. April 27 $18,000 12% 75 days $ $ e Textbook and Media
Assume Days Sales Outstanding is 30 days and Sales are 8,000,000. What are Accounts Receivable $657,534 $543,762 $800,000 $742,387
Assume that Parker Co will receive SF250,000 in 360 days. Assume the following interest rates U.S. Switzerland 360-day borrowing rate 360-day deposit rate Assume the forward rate of the Swiss franc is $.75 and the spot rate of the Swiss franc is $.68. If Parker Co, uses a money market hedge, it will receive in 360 days. $171619 $101.923 $225,500 $148,904 596,914
what is the
A) Quick ratio
B) Sales Outstanding (assume a 365-day year)
C) Total assests turnover
D) Inventory turnover rate
E) TIE
F) Total Debt to total capital ratio
G) ROA
H) ROE
I) Profit margin
J) Return invested capital
K) Operating Margin
L) EPS
M) P/E ratio
N) Book value per share
O) Equity multiplier
DO NOT ROUND INTERMEDIATE CALCULATIONS
Exhibit 4.1 The balance sheet and income statement shown below are for Koski Inc. Note that the firm...
Krackle Korn Inc. had credit sales of $3,500,000 last year and its days sales outstanding was DSO = 35 days. What was its average receivables balance, based on a 365-day year?
DSO AND ACCOUNTS RECEIVABLE Ingraham Inc, currently has $885,000 in accounts receivable, and its days sales outstanding (DSO) is 65 days. It wants to reduce its DSO to 35 days by pressuring more of its customers to pay their bills on time. If this policy is adopted, the company's average sales will fall by 15%. What will be the level of accounts receivable following the change? Assume a 365-day year. Do not round intermediate calculations. Round your answer to the nearest...
39. Dyl Pickle Inc. had credit sales of $3,500,000 last year and its days sales outstanding was DSO = 45 days. What was its average receivables balance, based on a 365-day year?