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JPJ Corp has sales of $1.43 million, accounts receivable of $50,000, total...
JPJ Corp has sales of $1.31 million, accounts receivable of $52,000, total assets of $4.96 million...
JPJ Corp has sales of $1.31 million, accounts receivable of $52,000, total assets of $4.96 million (of which $2.99 million are fixed assets), inventory of $148,000, and cost of goods sold of $597,000. What is JPJ's accounts receivable days? Fixed asset turnover? Total asset turnover? Inventory tunover? What is JPJ's accounts receivable days? J P's accounts receivable days are days (Round to two decimal places .)
Pls answer questions correctly. Thanks. Will give u big thumbs up JPJ Corp has sales of...
Pls answer questions correctly. Thanks. Will give u
big thumbs up
JPJ Corp has sales of $1.03 million, accounts receivable of $54,000, total assets of $5.13 million (of which $2.92 million are fixed assets). inventory of $151.000, and cost of goods sold of $590,000. What is JPJ's accounts receivable days? Fixed asset turnover? Total asset turnover? Inventory turnover? What is JPJ's accounts receivable days? JPJ's accounts receivable days are days. (Round to two decimal places.) What is JPJs fixed asset...
Aguilera Corp. has a current accounts receivable balance of $338,500. Credit sales for the year just...
Aguilera Corp. has a current accounts receivable balance of $338,500. Credit sales for the year just ended were $4,847,320. What is the company's receivables turnover? (Do not round intermediate calculations. Round your answer to 2 decimal places, e.g., 32.16.) Receivables : turnover times 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.) Days' sales in receivables 7 days How long did it...
Accounts Receivable and Inventory Ratios Ritter Company, whose current assets at December 31 are shown below,...
Accounts Receivable and Inventory Ratios Ritter Company, whose current assets at December 31 are shown below, had net sales for the year of $850,000 and cost of goods sold of $550,000. At the beginning of the year, Ritter’s accounts receivable (net) were $160,000 and its inventory was $175,000. Cash $32,000 Short-term investments 49,300 Accounts receivable (net) 170,000 Inventory 200,000 Prepaid expenses 11,600 Current assets $462,900 Instructions: Round turnover ratios to two decimal places. Use rounded turnover ratios to compute respective...
Accounts Receivable and Inventory Ratios Ritter Company, whose current assets at December 31 are shown below,...
Accounts Receivable and Inventory Ratios Ritter Company, whose current assets at December 31 are shown below, had net sales for the year of $850,000 and cost of goods sold of $550,000. At the beginning of the year, Ritter's acccounts receivable (net) were $160,000 and its inventory was $175,000 Cash $32,000 Short-term investments 49,300 Accounts receivable (net) 170,000 Inventory 200,000 Prepaid expenses 11,600 $462,900 Current assets Instructions: Round turnover ratios to two decimal places. Use rounded turnover ratios to compute respective...
Net Sales Cost of goods sold Average accounts receivable for the year Accounts receivable at year-end...
Net Sales Cost of goods sold Average accounts receivable for the year Accounts receivable at year-end Average inventory for the year Inventory at year-end $1,095,000 657,000 44,250 18,000 226,000 158,400 Required: a. Calculate the inventory turnover for 2019. (Round your answer to 2 decimal places.) b. Calculate the number of days' sales in inventory for 2019, using year-end inventories. (Use 365 days a year. Round your answer to 1 decimal place.) c. Calculate the accounts receivable turnover for 2019. (Round...
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...
Jim Short's Company makes clothing for schools. Sales in 20X1 were $4,880,000. Assets were as follows...
Jim Short's Company makes clothing for schools. Sales in 20X1 were $4,880,000. Assets were as follows Cash Accounts receivable Inventory $ 116,000 822,000 427,000 Net plant and equipment517,000 $ 1,882,000 Total assets a. Compute the following: (Round your answers to 2 decimal places.) Turnover Ratios Accounts receivable 1. turnover 2. Inventory turnover 3.Fixed asset turnover 4. Total asset turnover times times times times b. In 20X2, sales increased to $5,470,000 and the assets for that year were as follows: Cash...
Jim Short's Company makes clothing for schools. Sales in 20X1 were $4,880,000. Assets were as follows...
Jim Short's Company makes clothing for schools. Sales in 20X1 were $4,880,000. Assets were as follows Cash Accounts receivable Inventory Net plant and equipment $116,000 822,000 427,000 517,000 $ 1,882,000 Total assets a. Compute the following: (Round your answers to 2 decimal places.) Turnover Ratios Accounts receivable turnover 2. Inventory turnover 3. Fixed asset turnover 4. Total asset turnover times times times times b. In 20X2, sales increased to $5,470,000 and the assets for that year were as follows Cash...
Jim Short's Company makes clothing for schools. Sales in 20X1 were S4,580,000. Assets were as follows...
Jim Short's Company makes clothing for schools. Sales in 20X1 were S4,580,000. Assets were as follows Cash Accounts receivable Inventory Net plant and equipment 5 188,000 834.000 485,000 Total assets 5 2,088,000 a. Compute the following: (Round your answers to 2 decimal places.) Turnover Ratios 1. Accounts receivable turnover 2. Inventory turnover 3. Fixed asset turnover 4. Total asset turnover times times times times b. In 20X2, sales increased to S5,500,000 and the assets for that year were as follows...
JPJ Corp has sales of $1.31 million, accounts receivable of $52,000, total assets of $4.96 million (of which $2.99 million are fixed assets), inventory of $148,000, and cost of goods sold of $597,000. What is JPJ's accounts receivable days? Fixed asset turnover? Total asset turnover? Inventory tunover? What is JPJ's accounts receivable days? J P's accounts receivable days are days (Round to two decimal places .)
Pls answer questions correctly. Thanks. Will give u
big thumbs up
JPJ Corp has sales of $1.03 million, accounts receivable of $54,000, total assets of $5.13 million (of which $2.92 million are fixed assets). inventory of $151.000, and cost of goods sold of $590,000. What is JPJ's accounts receivable days? Fixed asset turnover? Total asset turnover? Inventory turnover? What is JPJ's accounts receivable days? JPJ's accounts receivable days are days. (Round to two decimal places.) What is JPJs fixed asset...
Aguilera Corp. has a current accounts receivable balance of $338,500. Credit sales for the year just ended were $4,847,320. What is the company's receivables turnover? (Do not round intermediate calculations. Round your answer to 2 decimal places, e.g., 32.16.) Receivables : turnover times 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.) Days' sales in receivables 7 days How long did it...
Accounts Receivable and Inventory Ratios Ritter Company, whose current assets at December 31 are shown below, had net sales for the year of $850,000 and cost of goods sold of $550,000. At the beginning of the year, Ritter's acccounts receivable (net) were $160,000 and its inventory was $175,000 Cash $32,000 Short-term investments 49,300 Accounts receivable (net) 170,000 Inventory 200,000 Prepaid expenses 11,600 $462,900 Current assets Instructions: Round turnover ratios to two decimal places. Use rounded turnover ratios to compute respective...
Net Sales Cost of goods sold Average accounts receivable for the year Accounts receivable at year-end Average inventory for the year Inventory at year-end $1,095,000 657,000 44,250 18,000 226,000 158,400 Required: a. Calculate the inventory turnover for 2019. (Round your answer to 2 decimal places.) b. Calculate the number of days' sales in inventory for 2019, using year-end inventories. (Use 365 days a year. Round your answer to 1 decimal place.) c. Calculate the accounts receivable turnover for 2019. (Round...
Jim Short's Company makes clothing for schools. Sales in 20X1 were $4,880,000. Assets were as follows Cash Accounts receivable Inventory $ 116,000 822,000 427,000 Net plant and equipment517,000 $ 1,882,000 Total assets a. Compute the following: (Round your answers to 2 decimal places.) Turnover Ratios Accounts receivable 1. turnover 2. Inventory turnover 3.Fixed asset turnover 4. Total asset turnover times times times times b. In 20X2, sales increased to $5,470,000 and the assets for that year were as follows: Cash...
Jim Short's Company makes clothing for schools. Sales in 20X1 were $4,880,000. Assets were as follows Cash Accounts receivable Inventory Net plant and equipment $116,000 822,000 427,000 517,000 $ 1,882,000 Total assets a. Compute the following: (Round your answers to 2 decimal places.) Turnover Ratios Accounts receivable turnover 2. Inventory turnover 3. Fixed asset turnover 4. Total asset turnover times times times times b. In 20X2, sales increased to $5,470,000 and the assets for that year were as follows Cash...
Jim Short's Company makes clothing for schools. Sales in 20X1 were S4,580,000. Assets were as follows Cash Accounts receivable Inventory Net plant and equipment 5 188,000 834.000 485,000 Total assets 5 2,088,000 a. Compute the following: (Round your answers to 2 decimal places.) Turnover Ratios 1. Accounts receivable turnover 2. Inventory turnover 3. Fixed asset turnover 4. Total asset turnover times times times times b. In 20X2, sales increased to S5,500,000 and the assets for that year were as follows...
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