Given the following financial data for company XYZ, calculate their accounts receivable turnover assuming 75% of their sales are on account.
Enter your answer as a number with two places of precision (i.e. 1.23).
accounts receivable turnover = Net credit sales/ Average receivables
Net credit sales = 42000*75% = 31500
Average receivables = (6000 +1500)/2 = 3750
accounts receivable turnover = 31500/3750 = 8.40 times
Given the following financial data for company XYZ, calculate their accounts receivable turnover assuming 75% of...
Question 8 Using the financial information below, calculate company XYZ's asset turnover. Enter your answer as a number with two places of precision (i.e. 1.23).
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
The following data are taken from the financial statements: Average accounts receivable (net) Accounts receivable (net), end of year Current Year Preceding Year $123,000 $95,000 129,012 87,516 950,000 825,000 Sales on account a. Assuming that credit terms on all sales are n/45, determine for each year (1) the accounts receivable turnover and (2) the number of days' sales in receivables. Round intermediate calculations to whole number and final answers to two decimal place. 1. The accounts receivable turnover: Current Year...
Company XYZ is considering a project with the following projected cash flows: CF0: -27,139 C01: 9,834 C02: 9,832 C03: 13,857 C04: 1,700 Calculate the Profitability Index (PI) of the project. Assume a WACC (discount rate) of 10.6%. Enter your answer as a number with two decimal places of precision (i.e. 1.23).
The following data are taken from the financial statements Average accounts receivable (net) Accounts receivable (net), end of year Sales on account Current Year Preceding Year $123.000 $95.000 129,012 87,516 950.000 825.000 a. Assuming that credit terms on all sales are 1/45, determine for each year (1) the accounts receivable turnover and (2) the number of days' sales in receivables Round intermediate calculation to whol number and final answers to two decimal place. 1. The accounts receivable turnover Current Year...
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...
Accounts Receivable Turnover for Rise-n-shine Company The 2015 annual report of Rise-n-shine Company (the maker of Brandees and Munchems) reported the following amounts (in millions of dollars): $14,670 Revenues, for the year ended May 31, 2015 Accounts receivable, net, May 31, 2015 Accounts receivable, net, May 31, 2014 953 1,082 Requiredi 1. Compute Rise-n-shine Company's accounts receivable turnover ratio for the year ended May 31, 2015. Assume that all sales are on credit. Round your answer to two decimal places...
Accounts Receivable Analysis The following data are taken from the financial statements of Sigmon Inc. Terms of all sales are 2/10, n/45. Accounts Receivable Analysis The following data are taken from the financial statements of Sigmon Inc. Terms of all sales are 2/10, n/45. 20Y3 20Y2 20Y1 Accounts receivable, end of year Sales on account a. For 20Y2 and 20Y3, determine (1) the accounts receivable turnover and (2) the number of days' sales in receivables. Round answers to one decimal...
Accounts Receivable Turnover and Average Collection Period The Andrew Miller Corporation disclosed the following financial information (in millions) in its recent annual report 2012 2013 Net Sales $157,075 $171,675 Beginning Accounts Receivable (net) 12,895 12,695 Ending Accounts Receivable (net) 12,695 20,697 a. Calculate the accounts receivable turnover ratio for both years. (Round your answer to two decimal points) b. Calculate the average collection period for both years. (Use 365 days for calculation. Round to the nearest whole number.) c. Is...
Accounts receivable analysis The following data are taken from the financial statements of Sigmon Inc. Terms of all sales are 2/10, n/45. 20Y3 20Y2 20Y1 Accounts receivable, end of year $720,000 $650,000 $585,000 Sales on account 5,627,000 4,531,000 For 20Y2 and 20Y3, determine (1) the accounts receivable turnover and (2) the number of days' sales in receivables. Assume a 365-day year. Do not round intermediate calculations. Round your answers to one decimal place. 20Y3 20Y2 1. Accounts receivable turnover 2....