Homework Answers
Calculate receivable turnover ratio and days to collect
| 2016 | 2015 | |||
| J.M/ Smucker | Seneca foods | J.M.Smucker | Seneca foods | |
| Receivable turnover ratio | 7800/440 = 17.7 times | 1275/73.5 = 17.3 times | 5690/370 = 15.4 times | 1290/73.5 = 17.6 times |
| Days to collect | 365/17.7 = 20.6 days | 365/17.3 = 21.1 days | 365/15.4 = 23.7 days | 365/17.6 = 20.7 days |
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J. M. Smucker is well known for its fruit jams and Seneca Foods Corporation is the...
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Smiley Jams is well known for its fruit jams and Sir Tomato is the company behind Big Green canned vegetables. To evaluate their ability to collect on credit sales, consider the following rounded information in their annual reports (amounts in millions). Fiscal Year Ended April 30: Net Sales Accounts Receivable Allowance for Doubtful Accounts Accounts Receivable, Net of Allowance Smiley Jams 2016 2015 2014 $9,600 $7,490 $7,410 631 611 491 2016 $ 3,0B0 240 Sir Tomato 2015 2014 $3,750 $19,340...
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enth Sunda Smiley Jams is well known for its fruit jams and Sir Tomato is the company behind Big Green canned vegetables. To evaluate the ability to collect on credit sales, consider the following rounded Information in their annual reports amounts in milions Fiscal Year Ended April 3: Net Sales Accounts Receivable Allowance for Doubtful Accounts Accounts Receivable, Net of Allowance 2016 $9,500 Seley Jus 2015 2014 $7,39 $7,310 621 $ 2,99 $ 3,650 $ 18,340 Required: 1. Calculate the...
Smiley Jams is well known for its fruit jams and Sir Tomato is the company behind Big Green canned vegetables. To evalu...
Smiley Jams is well known for its fruit jams and Sir Tomato is the company behind Big Green canned vegetables. To evaluate their ability to collect on credit sales, consider the following rounded information in their annual reports (amounts in millions). Fiscal Year Ended April 30: Net Sales Accounts Receivable Allowance for Doubtful Accounts Accounts Receivable, Net of Allowance Smiley Jams 2016 2015 2014 $8,700 $6,590 $6,510 541 521 401 2016 $ 2,180 159 1 158 Sir Tomato 2015 $...
Please put the calculation in the answer Check my work CP8-5 Analyzing Allowance for Doubtful Accounts,...
Please put the calculation in
the answer
Check my work CP8-5 Analyzing Allowance for Doubtful Accounts, Receivables Turnover Ratio, and Days to Collect [LO 8-4] Mathis and Hashey are two of the largest and most successful toymakers in the world, in terms of the products they sell and their receivables management practices. To evaluate their ability to collect on credit sales, consider the following information reported in their annual reports (amounts in millions). Fiscal Year Ended: Net Sales Accounts Receivable...
Mathis and Hashey are two of the largest and most successful toymakers in the world, in...
Mathis and Hashey are two of the largest and most successful toymakers in the world, in terms of the products they sell and their receivables management practices. To evaluate their ability to collect on credit sales, consider the following information reported in their annual reports (amounts in millions). Mathis Hashey Fiscal Year Ended: 2015 2014 2013 2015 2014 2013 Net Sales $3,956 $3,331 $4,118 1,078 $2,102 $2,168 $2,222 Accounts Receivable 684 810 902 982 554 Allowance for Doubtful Accounts Accounts...
Cola Inc. and Soda Co. are two of the largest and most successful beverage companies in...
Cola Inc. and Soda Co. are two of the largest and most successful beverage companies in the world in terms of the products that they sell and their receivables management practices. To evaluate their ability to collect on credit sales, consider the following rounded amounts reported in their annual reports (amounts in millions). Fiscal Year Ended: Net Sales Accounts Receivable Allowance for Doubtful Accounts Accounts Receivable, Net of Allowance Cola Inc. 2015 2014 2013 $31,219 $26,690 $27,944 4,398 3,733 3,061...
Coca-Cola and PepsiCo are two of the largest and most successful beverage companies in the world in terms of the pr...
Coca-Cola and PepsiCo are two of the largest and most successful beverage companies in the world in terms of the products that they sell and their receivables management practices. To evaluate their ability to collect on credit sales, consider the following rounded amounts reported in their annual reports (amounts in millions). Coca-Cola Fiscal Year Ended: 2015 2014 2013 Net Sales $44,300 $46,000 $46,800 Accounts Receivable 4,290 4800 4,930 Allowance for Doubtful Accounts 350 330 60 Accounts Receivable, Net of Allowance...
Mathis and Hashey are two of the largest and most successful toymakers in the world, in...
Mathis and Hashey are two of the largest and most successful toymakers in the world, in terms of the products they sell and their receivables management practices. To evaluate their ability to collect on credit sales, consider the following information reported in their annual reports (amounts in millions). Fiscal Year Ended: Net Sales Accounts Receivable Allowance for Doubtful Accounts Accounts Receivable, Net of Allowance Mathis 2015 2014 2013 $5,256 $4,731 $5,318 1,138 744 870 Hashey 2015 2014 2013 $3,402 $3,268...
Mathis and Hashey are two of the largest and most successful toymakers in the world, in terms of the products they sell...
Mathis and Hashey are two of the largest and most successful toymakers in the world, in terms of the products they sell and their receivables management practices. To evaluate their ability to collect on credit sales, consider the following information reported in their annual reports (amounts in millions). Fiscal Year Ended: Net Sales Accounts Receivable Allowance for Doubtful Accounts Accounts Receivable, Net of Allowance 2015 $4,356 1,098 15 1,083 Mathis 2014 2013 $3,831 $4,518 704 830 18 19 686 811...
Cola Inc. and Soda Co. are two of the largest and most successful beverage companies in...
Cola Inc. and Soda Co. are two of the largest and most successful beverage companies in the world in terms of the products that they sell and their receivables management practices. To evaluate their ability to collect on credit sales, consider the following rounded amounts reported in their annual reports (amounts in millions) Fiscal Year Ended: Net Sales Accounts Receivable Allowance for Doubtful Accounts Accounts Receivable, Net of Allowance Cola Inc. 2015 2014 2013 530,819 526,190 527,444 4,388 3,723 3,051...
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enth Sunda Smiley Jams is well known for its fruit jams and Sir Tomato is the company behind Big Green canned vegetables. To evaluate the ability to collect on credit sales, consider the following rounded Information in their annual reports amounts in milions Fiscal Year Ended April 3: Net Sales Accounts Receivable Allowance for Doubtful Accounts Accounts Receivable, Net of Allowance 2016 $9,500 Seley Jus 2015 2014 $7,39 $7,310 621 $ 2,99 $ 3,650 $ 18,340 Required: 1. Calculate the...
Smiley Jams is well known for its fruit jams and Sir Tomato is the company behind Big Green canned vegetables. To evaluate their ability to collect on credit sales, consider the following rounded information in their annual reports (amounts in millions). Fiscal Year Ended April 30: Net Sales Accounts Receivable Allowance for Doubtful Accounts Accounts Receivable, Net of Allowance Smiley Jams 2016 2015 2014 $8,700 $6,590 $6,510 541 521 401 2016 $ 2,180 159 1 158 Sir Tomato 2015 $...
Please put the calculation in
the answer
Check my work CP8-5 Analyzing Allowance for Doubtful Accounts, Receivables Turnover Ratio, and Days to Collect [LO 8-4] Mathis and Hashey are two of the largest and most successful toymakers in the world, in terms of the products they sell and their receivables management practices. To evaluate their ability to collect on credit sales, consider the following information reported in their annual reports (amounts in millions). Fiscal Year Ended: Net Sales Accounts Receivable...
Mathis and Hashey are two of the largest and most successful toymakers in the world, in terms of the products they sell and their receivables management practices. To evaluate their ability to collect on credit sales, consider the following information reported in their annual reports (amounts in millions). Mathis Hashey Fiscal Year Ended: 2015 2014 2013 2015 2014 2013 Net Sales $3,956 $3,331 $4,118 1,078 $2,102 $2,168 $2,222 Accounts Receivable 684 810 902 982 554 Allowance for Doubtful Accounts Accounts...
Cola Inc. and Soda Co. are two of the largest and most successful beverage companies in the world in terms of the products that they sell and their receivables management practices. To evaluate their ability to collect on credit sales, consider the following rounded amounts reported in their annual reports (amounts in millions). Fiscal Year Ended: Net Sales Accounts Receivable Allowance for Doubtful Accounts Accounts Receivable, Net of Allowance Cola Inc. 2015 2014 2013 $31,219 $26,690 $27,944 4,398 3,733 3,061...
Coca-Cola and PepsiCo are two of the largest and most successful beverage companies in the world in terms of the products that they sell and their receivables management practices. To evaluate their ability to collect on credit sales, consider the following rounded amounts reported in their annual reports (amounts in millions). Coca-Cola Fiscal Year Ended: 2015 2014 2013 Net Sales $44,300 $46,000 $46,800 Accounts Receivable 4,290 4800 4,930 Allowance for Doubtful Accounts 350 330 60 Accounts Receivable, Net of Allowance...
Mathis and Hashey are two of the largest and most successful toymakers in the world, in terms of the products they sell and their receivables management practices. To evaluate their ability to collect on credit sales, consider the following information reported in their annual reports (amounts in millions). Fiscal Year Ended: Net Sales Accounts Receivable Allowance for Doubtful Accounts Accounts Receivable, Net of Allowance Mathis 2015 2014 2013 $5,256 $4,731 $5,318 1,138 744 870 Hashey 2015 2014 2013 $3,402 $3,268...
Mathis and Hashey are two of the largest and most successful toymakers in the world, in terms of the products they sell and their receivables management practices. To evaluate their ability to collect on credit sales, consider the following information reported in their annual reports (amounts in millions). Fiscal Year Ended: Net Sales Accounts Receivable Allowance for Doubtful Accounts Accounts Receivable, Net of Allowance 2015 $4,356 1,098 15 1,083 Mathis 2014 2013 $3,831 $4,518 704 830 18 19 686 811...
Cola Inc. and Soda Co. are two of the largest and most successful beverage companies in the world in terms of the products that they sell and their receivables management practices. To evaluate their ability to collect on credit sales, consider the following rounded amounts reported in their annual reports (amounts in millions) Fiscal Year Ended: Net Sales Accounts Receivable Allowance for Doubtful Accounts Accounts Receivable, Net of Allowance Cola Inc. 2015 2014 2013 530,819 526,190 527,444 4,388 3,723 3,051...
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