Handi Mart, a retail store, has an accounts receivable turnover of 4.5 times. The industry average...
Handi Mart, a retail store, has an accounts receivable turnover of 4.5 times. The industry average is 12.5 times. Does Handi Mart have a collection problem with its receivables?
Handi Mart (has / does not have) a problem.
And explain Why.
Homework Answers
Handi Mart has a problem.
The low receivables turnover ratio of Handi might be due to having
a poor collection process, bad credit policies, or customers that
are not financially viable or creditworthy.
Add Answer to:
Handi Mart, a retail store, has an accounts receivable turnover
of 4.5 times. The industry average...
Assume selected financial data for Walmart and Target, two close competitors in the retail industry, are...
Assume selected financial data for Walmart and Target, two
close competitors in the retail industry, are as follows:
($ in millions) Net
Sales Beginning Accounts Receivable Ending Accounts
Receivable
Walmart $ 450,854 $ 5,414 $ 6,287
Target 72,316 6,328 6,102
Problem 5-9A Calculate and analyze ratios (L05-8) Assume selected financial data for Walmart and Target, two close competitors in the retail industry, are as follows: ($ in millions) Walmart Target 33:48 Beginning Accounts Receivable $5,414 6,328 Net Sales $450,854 72,316...
Calculate the accounts receivable turnover and average collection period. Assume that average net accounts receivable were...
Calculate the accounts receivable turnover
and average collection period. Assume that average net accounts
receivable were $325,000. (Use 365 days for
calculation. Round average collection period to 1 decimal place,
e.g. 15.1.)
Question 14 0.67/1 View Policies Show Attempt History Current Attempt in Progress During its first year of operations, Sandhill Company had credit sales of $3,900,000, of which $410,000 remained uncollected at year-end. The credit manager estimates that $23,400 of these receivables will become uncollectible. Your answer is correct....
6 Assume selected financial data for Walmart and Target. Iwo close competitors in the retail industry,...
6 Assume selected financial data for Walmart and Target. Iwo close competitors in the retail industry, are as follows: Beginning Accounts Receivable $5,454 Ending Accounts Receivable $6,337 6,127 Net Sales $451,854 72,866 2 points is in millions) Walsart Target Required: 1-a. Calculate the receivables turnover ratio and average collection period for Walmart and Target (Enter your answers in millions. Do not round your intermediate calculations and round your answers to 1 decimal place.) Print Receivables Turnover Ratio Receivables Turnover Ratio...
Assume selected financial data for Walmart and Target, two close competitors in the retail industry, are...
Assume selected financial data for Walmart and Target, two close competitors in the retail industry, are as follows: Ending Accounts Receivable ($ in millions) Walmart Target Net Sales $463,854 79,466 Beginning Accounts Receivable $6,064 6,653 $6,937 6,427 Required: 1-a. Calculate the receivables turnover ratio and average collection period for Walmart and Target. (Enter your answers in millions. Do not round your Intermediate calculations and round your answers to 1 decimal place.) Receivables Turnover Ratio = Receivables Turnover Ratio Walmart Target...
Martin Electronics has an accounts receivable turnover equal to 12 times. If accounts receivable are equal...
Martin Electronics has an accounts receivable turnover equal to 12 times. If accounts receivable are equal to $115,000, what is the value for average daily credit sales?
Martin Electronics has an accounts receivable turnover equal to 11 times. If accounts receivable are equal...
Martin Electronics has an accounts receivable turnover equal to 11 times. If accounts receivable are equal to $90,000, what is the value for average daily credit sales?
In the table below the information for four companies is provided. Company Accounts Receivable turnover Average...
In the table below the information for four companies is provided. Company Accounts Receivable turnover Average collection period Martin 14.70 28.80 Lewis 12.80 25.65 Danforth 10.65 33.15 Garner 13.30 27.80 Industry Average 13.60 28.15 If Garner's net credit sales are $684950, what are its average net accounts receivable?
In 2022, Blossom Company has net credit sales of $1,727,000 for the year. It had a beginning accounts receivable (net) balance of $102,000 and an ending accounts receivable (net) balance of $118,000.
In 2022, Blossom Company has net credit sales of $1,727,000 for the year. It had a beginning accounts receivable (net) balance of $102,000 and an ending accounts receivable (net) balance of $118,000.Compute Blossom Company’s accounts receivable turnover. (Round answer to 1 decimal place, e.g. 12.5.)Accounts receivable turnover _____ timesCalculate Blossom Company’s average collection period in days. (Round answers to 1 decimal place, e.g. 12.5. Use 365 days for calculation.)Average collection period _____ days
Ratio (1) Current ratio (2) Accounts receivable turnover (3) Average collection period (4) Inventory turnover (5)...
Ratio (1) Current ratio (2) Accounts receivable turnover (3) Average collection period (4) Inventory turnover (5) Days in inventory (6) Profit margin (7) Asset turnover (8) Return on assets (9) Return on common stockholders' equity (10) Debt to assets ratio (11) Times interest earned (12) Free cash flow Target 1.63 :1 8.6 times 42.0 days 6.6 times 55.3 days 3.8 % 1.5 times 5.6 % 17.1 % 66 % 6.5 times $3,656 Wal-Mart 0.87 :1 101.4 times 3.6 days 9.0...
please explain ! :) Below are amounts (in millions) from three companies' annual reports. Beginning Accounts...
please explain ! :)
Below are amounts (in millions) from three companies' annual reports. Beginning Accounts Receivable $1,745 5,816 S59 Ending Accounts Receivable $2,692 6,344 595 Walco Tar Mart Costet Net Sales $315,427 60,878 61,963 Required: 1. Calculate the receivables turnover ratio and the average collection period for WalCo, TarMart and CostGet. (Do not round intermediate calculations. Enter your answers in millions. Round your "Average accounts receivable" and "Receivables turnover ratio" answers to one decimal place.) Receivables Turnover Ratio Receivables...
Assume selected financial data for Walmart and Target, two
close competitors in the retail industry, are as follows:
($ in millions) Net
Sales Beginning Accounts Receivable Ending Accounts
Receivable
Walmart $ 450,854 $ 5,414 $ 6,287
Target 72,316 6,328 6,102
Problem 5-9A Calculate and analyze ratios (L05-8) Assume selected financial data for Walmart and Target, two close competitors in the retail industry, are as follows: ($ in millions) Walmart Target 33:48 Beginning Accounts Receivable $5,414 6,328 Net Sales $450,854 72,316...
Calculate the accounts receivable turnover
and average collection period. Assume that average net accounts
receivable were $325,000. (Use 365 days for
calculation. Round average collection period to 1 decimal place,
e.g. 15.1.)
Question 14 0.67/1 View Policies Show Attempt History Current Attempt in Progress During its first year of operations, Sandhill Company had credit sales of $3,900,000, of which $410,000 remained uncollected at year-end. The credit manager estimates that $23,400 of these receivables will become uncollectible. Your answer is correct....
6 Assume selected financial data for Walmart and Target. Iwo close competitors in the retail industry, are as follows: Beginning Accounts Receivable $5,454 Ending Accounts Receivable $6,337 6,127 Net Sales $451,854 72,866 2 points is in millions) Walsart Target Required: 1-a. Calculate the receivables turnover ratio and average collection period for Walmart and Target (Enter your answers in millions. Do not round your intermediate calculations and round your answers to 1 decimal place.) Print Receivables Turnover Ratio Receivables Turnover Ratio...
Assume selected financial data for Walmart and Target, two close competitors in the retail industry, are as follows: Ending Accounts Receivable ($ in millions) Walmart Target Net Sales $463,854 79,466 Beginning Accounts Receivable $6,064 6,653 $6,937 6,427 Required: 1-a. Calculate the receivables turnover ratio and average collection period for Walmart and Target. (Enter your answers in millions. Do not round your Intermediate calculations and round your answers to 1 decimal place.) Receivables Turnover Ratio = Receivables Turnover Ratio Walmart Target...
Ratio (1) Current ratio (2) Accounts receivable turnover (3) Average collection period (4) Inventory turnover (5) Days in inventory (6) Profit margin (7) Asset turnover (8) Return on assets (9) Return on common stockholders' equity (10) Debt to assets ratio (11) Times interest earned (12) Free cash flow Target 1.63 :1 8.6 times 42.0 days 6.6 times 55.3 days 3.8 % 1.5 times 5.6 % 17.1 % 66 % 6.5 times $3,656 Wal-Mart 0.87 :1 101.4 times 3.6 days 9.0...
please explain ! :)
Below are amounts (in millions) from three companies' annual reports. Beginning Accounts Receivable $1,745 5,816 S59 Ending Accounts Receivable $2,692 6,344 595 Walco Tar Mart Costet Net Sales $315,427 60,878 61,963 Required: 1. Calculate the receivables turnover ratio and the average collection period for WalCo, TarMart and CostGet. (Do not round intermediate calculations. Enter your answers in millions. Round your "Average accounts receivable" and "Receivables turnover ratio" answers to one decimal place.) Receivables Turnover Ratio Receivables...
Most questions answered within 3 hours.
-
Construct the indicated confidence interval for the population
mean μ using the t-distribution. Assume the population...
asked 3 minutes ago -
a
possible mechanism for the overall reaction is found
below:Br2(g)+2NO(g)--->2NOBr(g).
step 1: (fast) NO(g)+Br2(g)-->&<---NOBr(g)
determine the...
asked 1 minute ago -
Mr. and Mrs. Brown report taxable income of $130,000 in 2018. In
addition, they report the...
asked 1 hour ago -
You capture data by having 8 people fill in 30 small dots on a
piece of...
asked 5 hours ago -
What are the z-values such that 70% of the area lies in the
middle of the...
asked 7 hours ago -
You borrow $29,500 to purchase a brand new car. The interest
rate is 6%, and the...
asked 7 hours ago -
The amount of time it takes an asteroid, whose average distance
from the Sun is 4.70...
asked 7 hours ago -
A 0.289 kg mass slides on a frictionless floor with a speed of
1.34 m/s. The...
asked 7 hours ago -
15.A box contains five red balls, three green balls, and two
yellow balls. Suppose you select...
asked 10 hours ago -
Assume you are given the following for Stackelberg industries:
Return on Assets (ROA) = 8%
Debt...
asked 8 hours ago -
an engineer proposes to use mmWave in 5G network to
increase data rate.
What are the...
asked 8 hours ago -
Explain the idea behind using SEMIJOIN in distributed
query processing.
asked 8 hours ago