Homework Answers
Receivables turnover=Credit sales/AR
=(4,847,320/338500)=14.32 times
Days sales in receivables=365/Receivables turnover
=365/14.32=25.49 days(Approx).
Average collection period=25.49 days(Approx).
Add Answer to:
Aguilera Corp. has a current accounts receivable balance of $338,500. Credit sales for the year just...
Twist Corp. has a current accounts receivable balance of $336,500. Credit sales for the year just...
Twist Corp. has a current accounts receivable balance of $336,500. Credit sales for the year just ended were $4,899,440. a. What is the company's receivables turnover? (Do not round intermediate calculations. Round your answer to 2 decimal places, e.g., 32.16.) b. What is the company's days' sales in receivables? (Use 365 days a year. Do not round intermediate calculations. Round your answer to 2 decimal places, e.g., 32.16.) c. How long did it take on average for credit customers to...
Ordonez Lumber Yard has a current accounts receivable balance of $446,016. Credit sales for the year...
Ordonez Lumber Yard has a current accounts receivable balance of $446,016. Credit sales for the year just ended were $6,853,080 What is the receivables turnover? (Do not round intermediate calculations and round your answer to 2 decimal places, o.g, 32.16.) Receivables turnover times What is the days' sales in receivables? (Do not round intermediate calculations and round your answer to 2 decimal places, e.932.16) Days' sales in receivables decimal places,e.g, 32.16.) Average collection period days for credit customers to pay...
Trout Lumber Yard has a current accounts receivable balance of $527,164. Credit sales for the year...
Trout Lumber Yard has a current accounts receivable balance of $527,164. Credit sales for the year just ended were $6,787,626. a. What is the receivables turnover? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) b. What is the days' sales in receivables? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) c. How long did it take on average for credit customers to pay off their accounts...
H Aguilera Corp. has a current accounts receivable balance of $438,720. Credit sales for the year...
H Aguilera Corp. has a current accounts receivable balance of $438,720. Credit sales for the year just ended were $5,173,820. What is the receivables turnover? The days' sales in receivables? Accounts receivable Credit sales Days per year $ $ 438,720 5,173,820 366 Complete the following analysis. Do not hard code values in your calculations. Receivables turnover Days' sales in receivables
Shelton, Inc., has sales of $20 million, total assets of $17.6 milion, and total debt of...
Shelton, Inc., has sales of $20 million, total assets of $17.6 milion, and total debt of $6.7 million. Assume the profit margin is 8 percent. What is the company's net income? (Do not round intermediate calculations. Enter your answer in dollars not in millions, e.g., 1,234,567.) Net income $ 1,600,000 What is the companys ROA? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) ROA 9.09 % What is the company's...
Essence of Skunk Fragrances, Ltd., sells 7,400 units of its perfume collection each year at a...
Essence of Skunk Fragrances, Ltd., sells 7,400 units of its perfume collection each year at a price per unit of $690. All sales are on credit with terms of 1/15, net 60. The discount is taken by 55 percent of the customers. Calculate the average collection period. (Round your answer to 2 decimal places, e.g., 32.16.) Average collection period days What is the receivables turnover? (Use 365 days a year. Do not round intermediate calculations and round your...
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
A7X, Inc., has an average collection period of 23 days. Its average daily investment in receivables...
A7X, Inc., has an average collection period of 23 days. Its average daily investment in receivables is $82,000. What is the receivables turnover? (Do not round intermediate calculations and round your answer to 3 decimal places, e.g., 32.161.) Receivables turnover times What are annual credit sales? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Annual credit sales $
Twist Corp. has a current accounts receivable balance of $357,615. Credit sales for the year just...
Twist Corp. has a current accounts receivable balance of $357,615. Credit sales for the year just ended were $2,950,600. a. What is the receivables turnover? b. What is the days' sales in receivables?
Rose, Inc., has an average collection period of 29 days. Its average daily investment in receivables...
Rose, Inc., has an average collection period of 29 days. Its average daily investment in receivables is $91,300. a. What is the receivables turnover? (Do not round intermediate calculations and round your answer to 3 decimal places, e.g., 32.161.) b. What are annual credit sales? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) times a. Receivables turnover Annual credit sales
Ordonez Lumber Yard has a current accounts receivable balance of $446,016. Credit sales for the year just ended were $6,853,080 What is the receivables turnover? (Do not round intermediate calculations and round your answer to 2 decimal places, o.g, 32.16.) Receivables turnover times What is the days' sales in receivables? (Do not round intermediate calculations and round your answer to 2 decimal places, e.932.16) Days' sales in receivables decimal places,e.g, 32.16.) Average collection period days for credit customers to pay...
Trout Lumber Yard has a current accounts receivable balance of $527,164. Credit sales for the year just ended were $6,787,626. a. What is the receivables turnover? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) b. What is the days' sales in receivables? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) c. How long did it take on average for credit customers to pay off their accounts...
H Aguilera Corp. has a current accounts receivable balance of $438,720. Credit sales for the year just ended were $5,173,820. What is the receivables turnover? The days' sales in receivables? Accounts receivable Credit sales Days per year $ $ 438,720 5,173,820 366 Complete the following analysis. Do not hard code values in your calculations. Receivables turnover Days' sales in receivables
Shelton, Inc., has sales of $20 million, total assets of $17.6 milion, and total debt of $6.7 million. Assume the profit margin is 8 percent. What is the company's net income? (Do not round intermediate calculations. Enter your answer in dollars not in millions, e.g., 1,234,567.) Net income $ 1,600,000 What is the companys ROA? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) ROA 9.09 % What is the company's...
Twist Corp. has a current accounts receivable balance of $357,615. Credit sales for the year just ended were $2,950,600. a. What is the receivables turnover? b. What is the days' sales in receivables?
Rose, Inc., has an average collection period of 29 days. Its average daily investment in receivables is $91,300. a. What is the receivables turnover? (Do not round intermediate calculations and round your answer to 3 decimal places, e.g., 32.161.) b. What are annual credit sales? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) times a. Receivables turnover Annual credit sales
Most questions answered within 3 hours.
-
Consider the following fitness regime for a single locus trait
with two co-dominant alleles: w11 =...
asked 1 second ago -
A large cable company reports the following.
80% of its customers subscribe to its cable TV...
asked 15 minutes ago -
Please answer the question in brief.
Discuss the role of ERP in organizations. Are ERP tools...
asked 1 minute ago -
Discuss the pros and cons of collaborative software such
as SameTime. Does it increase productivity? What...
asked 13 minutes ago -
1. Are all good samples random?
2. Magazines often report surveys giving statistics such as “63%...
asked 8 minutes ago -
Buying your in-laws a gift because it’s expected is
due to the ____________ motive of gift-giving....
asked 16 minutes ago -
Calculate the expected value, the variance, and the standard
deviation of the given random variable X....
asked 59 minutes ago -
A hospital performs 100 surgeries per week. The probability that
complications after surgery occur is 10%....
asked 1 hour ago -
1 point) Given the significance level α=0.01 find the following:
(a) left-tailed z value z= (b)...
asked 58 minutes ago -
Assuming you are the head of the software development unit at
Cyber.Soft, explain and justify why...
asked 24 minutes ago -
Magnesium and nitrogen react in a combination reaction to
produce magnesium nitride. 3 Mg + N2...
asked 32 minutes ago -
Two electrons are initially at rest separated by a distance of
2nm. At time t=0, they...
asked 30 minutes ago