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![Answer:- counts Receivable Turnover: credit sales/ Average Account Receivable $3,940,500/1510.000 + 495,000)/2] 3,940,500/532](http://img.homeworklib.com/questions/c41a09d0-ddb6-11ea-9b74-27902a86a1cd.png?x-oss-process=image/resize,w_560)
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Accounts receivable (net), end of year Net sales on account Terms for all sales are 1/10,...
The following data are taken from the financial statements of Colby Company. 2020 2019 Accounts receivable...
The following data are taken from the financial statements of Colby Company. 2020 2019 Accounts receivable (net), end of year $570,000 $495,000 Net sales on account 3,940,500 3,053,500 Terms for all sales are 1/10, n/45 Compute for each year the accounts receivable turnover. At the end of 2018, accounts receivable was $490,000. (Round answers to 1 decimal place, e.g. 1.6.) 2020 2019 Accounts receivable turnover times times LINK TO TEXT Compute for each year the average collection period. At the...
The following data are taken from the financial statements of Colby Company. 2020 2019 Accounts receivable...
The following data are taken from the financial statements of Colby Company. 2020 2019 Accounts receivable (net), end of year $500,000 $470,000 Net sales on account 3,880,000 3,015,000 Terms for all sales are 1/10, n/45 Compute for each year the accounts receivable turnover. At the end of 2018, accounts receivable was $430,000. (Round answers to 1 decimal place, e.g. 1.6.) 2020 2019 Accounts receivable turnover times times LINK TO TEXT Compute for each year the average collection period. At the...
The following data are taken from the financial statements of Wildhorse Co.. Accounts receivable (net), end...
The following data are taken from the financial statements of Wildhorse Co.. Accounts receivable (net), end of year Net sales on account Terms for all sales are 1/10, 1/45 $ 555,000 4,489,500 $ 540,000 3,614,200 Compute for each year the accounts receivable turnover. At the end of 2018, accounts receivable was $523,000. (Round answers 2020 2019 Accounts receivable turnover times times LINK TO TEXT Compute for each year the average collection period. (Round answers to 1 decimal place, e.g. 12.5....
The following data are taken from the financial statements of Colby Company. Accounts receivable (net), end...
The following data are taken from the financial statements of Colby Company. Accounts receivable (net), end of year Net sales on account Terms for all sales are 1/10, 1/45 2020 2019 $560,000 $555,000 4,069,750 3,092,250 Compute for each year the accounts receivable turnover. At the end of 2018, accounts receivable was $530,000. (Round answers to decimal ple 2020 2019 Accounts receivable turnover times times e Textbook and Media Compute for each year the average collection period. At the end of...
1.2. 3. 4. 4 homework questions, Help ! Brief Exercise 18-11 al-a2 The following data are...
1.2.
3.
4.
4 homework questions, Help !
Brief Exercise 18-11 al-a2 The following data are taken from the financial statements of Colby Company. 2019 Accounts receivable (net), end of year Net sales on account Terms for all sales are 1/10, n/45 2020 $555,000 4,033,250 $550,000 3,065,250 Compute for each year the accounts receivable turnover. At the end of 2018, accounts receivable was $455,000. (Round answers to 1 decimal place, e.g. 1.6.) 2020 2019 Accounts receivable turnover times times LINK...
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
Suppose the 2022 financial statements of 3M Company report net sales of $22.0 billion. Accounts receivable...
Suppose the 2022 financial statements of 3M Company report net sales of $22.0 billion. Accounts receivable (net) are $2.7 billion at the beginning of the year and $2.80 billion at the end of the year. Compute 3M’s accounts receivable turnover. (Round answer to 1 decimal place, e.g. 12.5.) Accounts receivable turnover ratio enter the accounts receivable turnover ratio in times rounded to 1 decimal place times eTextbook and Media List of Accounts Compute 3M’s average collection period for...
Suppose the 2022 financial statements of 3M Company report net sales of $22.2 billion. Accounts receivable...
Suppose the 2022 financial statements of 3M
Company report net sales of $22.2 billion. Accounts
receivable (net) are $2.9 billion at the beginning of the year and
$3.02 billion at the end of the year.
Compute 3M’s accounts receivable turnover. (Round
answer to 1 decimal place, e.g. 12.5.)
Accounts receivable turnover ratio
enter the accounts receivable turnover ratio in times rounded
to 1 decimal place
Compute 3M’s average collection period for accounts receivable
in days. (Round answer to 1 decimal...
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...
WS edugen.wileyplus.com CALCULATOR FULL SCREEN PRINTER VERSION Brief Exercise 18-11 a1-a2 The following data are taken...
WS edugen.wileyplus.com CALCULATOR FULL SCREEN PRINTER VERSION Brief Exercise 18-11 a1-a2 The following data are taken from the financial statements of Colby Company Accounts receivable (net), end of year Net sales on account Terms for all sales are 1/10, 1/45 2020 $500,000 4,116,000 2019 $480,000 3,182,500 Compute for each year the accounts receivable turnover. At the end of 2018, accounts receivable was $470,000. (Round answers to 1 decimal place ... 1.6. 2020 2019 Accounts receivable turnover times LINK TO TEXT...
The following data are taken from the financial statements of Wildhorse Co.. Accounts receivable (net), end of year Net sales on account Terms for all sales are 1/10, 1/45 $ 555,000 4,489,500 $ 540,000 3,614,200 Compute for each year the accounts receivable turnover. At the end of 2018, accounts receivable was $523,000. (Round answers 2020 2019 Accounts receivable turnover times times LINK TO TEXT Compute for each year the average collection period. (Round answers to 1 decimal place, e.g. 12.5....
The following data are taken from the financial statements of Colby Company. Accounts receivable (net), end of year Net sales on account Terms for all sales are 1/10, 1/45 2020 2019 $560,000 $555,000 4,069,750 3,092,250 Compute for each year the accounts receivable turnover. At the end of 2018, accounts receivable was $530,000. (Round answers to decimal ple 2020 2019 Accounts receivable turnover times times e Textbook and Media Compute for each year the average collection period. At the end of...
1.2.
3.
4.
4 homework questions, Help !
Brief Exercise 18-11 al-a2 The following data are taken from the financial statements of Colby Company. 2019 Accounts receivable (net), end of year Net sales on account Terms for all sales are 1/10, n/45 2020 $555,000 4,033,250 $550,000 3,065,250 Compute for each year the accounts receivable turnover. At the end of 2018, accounts receivable was $455,000. (Round answers to 1 decimal place, e.g. 1.6.) 2020 2019 Accounts receivable turnover times times LINK...
Suppose the 2022 financial statements of 3M
Company report net sales of $22.2 billion. Accounts
receivable (net) are $2.9 billion at the beginning of the year and
$3.02 billion at the end of the year.
Compute 3M’s accounts receivable turnover. (Round
answer to 1 decimal place, e.g. 12.5.)
Accounts receivable turnover ratio
enter the accounts receivable turnover ratio in times rounded
to 1 decimal place
Compute 3M’s average collection period for accounts receivable
in days. (Round answer to 1 decimal...
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...
WS edugen.wileyplus.com CALCULATOR FULL SCREEN PRINTER VERSION Brief Exercise 18-11 a1-a2 The following data are taken from the financial statements of Colby Company Accounts receivable (net), end of year Net sales on account Terms for all sales are 1/10, 1/45 2020 $500,000 4,116,000 2019 $480,000 3,182,500 Compute for each year the accounts receivable turnover. At the end of 2018, accounts receivable was $470,000. (Round answers to 1 decimal place ... 1.6. 2020 2019 Accounts receivable turnover times LINK TO TEXT...
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