1 | ||
Accounts Receivable Turnover = Sales on account/Average Accounts Receivable | ||
Accounts Receivable Turnover: | ||
20Y3 | 9.2 | =4125280/((476800+420000)/2) |
20Y2 | 8.4 | =3347400/((377000+420000)/2) |
2 | ||
Number of days sales in receivables: | ||
20Y3 | 39.7 days | =365/9.2 |
20Y2 | 43.5 days | =365/8.4 |
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Home - Gateway Ch 17 HW problem CengageNOWV2 Online teaching and learnin... dashboard - enroll Book Show Me How Calculator Accounts Receivable Analysis The following data are taken from the financial statements of Basinger Inc. Terms of all sales are 2/10, 1/45. 20Y3 2012 2011 Accounts receivable, end of year $142,000 $150,000 $156,600 Sales on account 817,600 766,500 a. For 2012 and 2043, determine (1) the accounts receivable turnover and (2) the number of days' sales in receivables. Round interim...
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Accounts Receivable Analysis The following data are taken from the financial statements of Sigmon Inc. Terms of all sales are 2/10, n/45. 20Y3 20Y2 20Y1 Accounts receivable, end of year $142,000 $150,000 $156,600 Sales on account 803,000 720,510 a. For 20Y2 and 20Y3, determine (1) the accounts receivable turnover and (2) the number of days' sales in receivables. Round answers to one decimal place. Assume a 365-day year. 20Y3 20Y2 1. Accounts receivable turnover 2. Number of days' sales in...
The following data are taken from the financial statements of Sigmon Inc. Terms of all sales are 2/10, n/45. 20Y3 20Y2 20Y1 Accounts receivable, end of year $106,000 $113,000 $120,600 Sales on account 646,050 630,720 a. For 20Y2 and 20Y3, determine (1) the accounts receivable turnover and (2) the number of days' sales in receivables. Round answers to one decimal place. Assume a 365-day year. 20Y3 20Y2 1. Accounts receivable turnover 2. Number of days' sales in receivables days days...
Accounts Receivable Analysis The following data are taken from the financial statements of Sigmon Inc. Terms of all sales are 2/10, n/45 20Y3 20Y2 20Y1 Accounts receivable, end of year Sales on account a. For 20Y2 and 20Y3, determine (1) the accounts receivable turnover and (2) the number of days' sales in receivables. Round answers to one decimal place. Assume a 365-day year $135,400 $142,000 $150,000 873,810832,200 20Y3 20Y2 1. Accounts receivable turnover 2. Number of days' sales in receivables...
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Accounts Receivable Analysis
The following data are taken from the financial statements of
Sigmon Inc. Terms of all sales are 2/10, n/45.
Accounts Receivable Analysis The following data are taken from the financial statements of Sigmon Inc. Terms of all sales are 2/10, n/45. 20Y3 20Y2 20Y1 Accounts receivable, end of year Sales on account a. For 20Y2 and 20Y3, determine (1) the accounts receivable turnover and (2) the number of days' sales in receivables. Round answers to one decimal...
Show the Excel Formulas Please.
Accounts receivable analysis The following data are taken from the financial statements of Sigmon Inc. Terms of all sales are 2/10, n/45. 2043 2042 2041 Accounts receivable, end of year $580,000 $705,000 5,696,000 $655,000 4,520,500 Sales on account This information has been collected in the Microsoft Excel Online file. Open the spreadsheet, perform the required analysis, and input your answers in the questions below. Open spreadsheet a. For 20Y2 and 2043, determine (1) the accounts...