Homework Answers
| Wal-mart | Target | Costco | ||
| a | ||||
| Receivables trunover ratio | Sales/Avg accounts Rec. | |||
| 142.8 | 9.8 | 107.8 | ||
| times | times | times | ||
| Average Collection period | 365/receivable turnover | |||
| 2.6 | 37.4 | 3.4 | ||
| Days | Days | Days | ||
| b | Wal-Mart | |||
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ACCOUNTING Chapter 5 Homework Question 12 (of15 12· 166 points Below are amounts (in millions) companies...
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...
Below are amounts (in millions) from three companies' annual reports. Walco TarMart CostGet Beginning Ending Accounts...
Below are amounts (in millions) from three companies' annual reports. Walco TarMart CostGet Beginning Ending Accounts Accounts Receivable Receivable $1,685 $2,632 5,516 6,044 499 535 Net Sales $309,427 54.878 55,963 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 turnover ratio times Walco TarMart...
Exercise 5-18 Calculate rece ivables ratios (LO5-8) Below are amounts (in millions) from three companies' annual re...
Exercise 5-18 Calculate rece ivables ratios (LO5-8) Below are amounts (in millions) from three companies' annual reports. Beginning Accounts Ending Accounts Receivable $2,702 6,394 605 Receivable $1,755 5,866 569 Net Sales $316,427 WalCo TarMart 61,878 CostGet 62,963 Required: 1. Calculate the receivables turnover ratio and the average collection period for WalCo, TarMart and CostGet. (Do not m your answers in millions. Round your "Average accounts receivable" and "Receivables turnover ratio" answers Receivables Turnover Ratio Receivables turnover ratio WalCo times TarMart...
Exercise 5-18A Calculate receivables ratios (LO5-8) Below are amounts (in millions) from three companies' annual reports....
Exercise 5-18A Calculate receivables ratios (LO5-8) Below are amounts (in millions) from three companies' annual reports. Beginning Accounts Receivable $1,735 5,766 549 Ending Accounts Receivable $2.682 6,294 585 Walco TarMart CostGet Net Sales $314,427 59,878 60,963 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...
Below are amounts (in millions) from three companies' annual reports Beginning Accounts ing Accounts Net Sales...
Below are amounts (in millions) from three companies' annual reports Beginning Accounts ing Accounts Net Sales $315,427 6,34460,878 61,963 iva $2,692 va WalCo TarMart CostGet $1,745 5,816 559 595 Required: 1. Calculate the receivables turnover ratio and the average collection period for WalCo, TarMart and CostGet. (Do not round intern und your "Average accounts recelvable" and "Recelvables turnover ratio" answers to one decimal place.) Receivables Turnover Ratio Net sales Average accounts receivableReceivables turnover ratio WalCo$ TarMart $ CostGet 315,427 60,878...
Connect s reloaded because a problem occurred. Saved Below are amounts in millions) from three companies'...
Connect s reloaded because a problem occurred. Saved Below are amounts in millions) from three companies' annual reports Beginning Accounts Receivable Receivable $1,685 5,516 499 Ending Accounts Net Sales $309,427 54,878 55,963 WalCo TarMart CostGet $2,632 6,044 535 Required: 1. Calculate the recelvables 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 recelvable" and "Recelvables turnover ratio" answers to one decimal place.) Receivables...
only need 5-12 Suppose selected financial data of Target and Wal-Mart for 2020 are presented here...
only need 5-12
Suppose selected financial data of Target and Wal-Mart for 2020 are presented here millions). Net sales Cost of goods sold Selling and administrative expenses Interest expense Other income (expense) Income tax expense Target Wal-Mart Corporation Stores, Inc. Income Statement Data for Year $65,357 $408,214 45,583 304,657 15,101 79,607 707 2,065 (94) (411) 1,384 7,139 $ 2,488 $ 14,335 Net income Current assets Noncurrent assets Total assets Balance Sheet Data (End of Year) $18,424 $48,331 26,109 122,375 $44,533...
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...
Below are amounts (in millions) from three companies' annual reports. Walco TarMart CostGet Beginning Ending Accounts Accounts Receivable Receivable $1,685 $2,632 5,516 6,044 499 535 Net Sales $309,427 54.878 55,963 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 turnover ratio times Walco TarMart...
Exercise 5-18 Calculate rece ivables ratios (LO5-8) Below are amounts (in millions) from three companies' annual reports. Beginning Accounts Ending Accounts Receivable $2,702 6,394 605 Receivable $1,755 5,866 569 Net Sales $316,427 WalCo TarMart 61,878 CostGet 62,963 Required: 1. Calculate the receivables turnover ratio and the average collection period for WalCo, TarMart and CostGet. (Do not m your answers in millions. Round your "Average accounts receivable" and "Receivables turnover ratio" answers Receivables Turnover Ratio Receivables turnover ratio WalCo times TarMart...
Exercise 5-18A Calculate receivables ratios (LO5-8) Below are amounts (in millions) from three companies' annual reports. Beginning Accounts Receivable $1,735 5,766 549 Ending Accounts Receivable $2.682 6,294 585 Walco TarMart CostGet Net Sales $314,427 59,878 60,963 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...
Below are amounts (in millions) from three companies' annual reports Beginning Accounts ing Accounts Net Sales $315,427 6,34460,878 61,963 iva $2,692 va WalCo TarMart CostGet $1,745 5,816 559 595 Required: 1. Calculate the receivables turnover ratio and the average collection period for WalCo, TarMart and CostGet. (Do not round intern und your "Average accounts recelvable" and "Recelvables turnover ratio" answers to one decimal place.) Receivables Turnover Ratio Net sales Average accounts receivableReceivables turnover ratio WalCo$ TarMart $ CostGet 315,427 60,878...
Connect s reloaded because a problem occurred. Saved Below are amounts in millions) from three companies' annual reports Beginning Accounts Receivable Receivable $1,685 5,516 499 Ending Accounts Net Sales $309,427 54,878 55,963 WalCo TarMart CostGet $2,632 6,044 535 Required: 1. Calculate the recelvables 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 recelvable" and "Recelvables turnover ratio" answers to one decimal place.) Receivables...
only need 5-12
Suppose selected financial data of Target and Wal-Mart for 2020 are presented here millions). Net sales Cost of goods sold Selling and administrative expenses Interest expense Other income (expense) Income tax expense Target Wal-Mart Corporation Stores, Inc. Income Statement Data for Year $65,357 $408,214 45,583 304,657 15,101 79,607 707 2,065 (94) (411) 1,384 7,139 $ 2,488 $ 14,335 Net income Current assets Noncurrent assets Total assets Balance Sheet Data (End of Year) $18,424 $48,331 26,109 122,375 $44,533...
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