Homework Answers
Accounts receivable turnover = Sales / Accounts receivable
| 2017 | 2016 | |
| Accounts receivable turnover | 10.82 ($2,380,000/$220,000) | 9.06 ($1,450,000/$160,000) |
Day's sales uncollected = 365 / Accounts receivable turnover
| 2017 | 2016 | |
| Day's sales uncollected | 34 days (365/10.82) | 40 days (365/9.06) |
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calculate and interpret the day's sales uncollected for 2017 and 2016 • based on the following...
QS 8-8 Days' sales uncollected LO A1 The following annual account balances are taken from Armour...
QS 8-8 Days' sales uncollected LO A1 The following annual account balances are taken from Armour Sports at December 31. Accounts receivable Net sales $ 11,958 $43,738 154,258 524,748 Complete the below table to calculate the number of days' sales uncollected for the years 2016 and 2017? (Round your "Days' Sales Uncollected" to 1 decimal place.) Days' Sales Uncollected Choose Numerator: Choose Denominator: Days Days Sales Unc Days' sales uncollected 2017 2016: days days Is the company's collection of receivables...
Barga Co. reported net sales for 2016 and 2017 of $662,000 and $741,000, respectively. Barga Co....
Barga Co. reported net sales for 2016 and 2017 of $662,000 and
$741,000, respectively.
Barga Co. reported net sales for 2016 and 2017 of $662,000 and $741,000, respectively Its year-end balances of accounts receivable follow: December 31, 2016, $57000, and December 31, 2017 $91,000 ar Complete the below table to calciulate the doys' sales uncollected at the end of each yeor (Round your Days' Sales Uncollectedr answer to 1 decimal place.) Days' Sales Uncollected Choose Denominator: x Days Choose Numerator:...
CHIC UTIV Help QS 8-10 Days' sales uncollected LO A1 10 The following annual account balances...
CHIC UTIV Help QS 8-10 Days' sales uncollected LO A1 10 The following annual account balances are from Armour Sports at December 31 points bonitor Accounts receivable Net Sales Year 2 $ 100,000 $ 85,000 2,500,000 2,000,000 Complete the below table to calculate the number of days' sales uncollected for the years Year 1 and Year 2 (Round your Uncollected" to 1 decimal place.) Print Choose Numerator: Days Sales Uncollected Choose Denominator: * Days References - Year 2 Days Sales...
Question Help The comparative financial statements of Norfolk Cosmetic Supply for 2018, 2017 and 2016 include...
Question Help The comparative financial statements of Norfolk Cosmetic Supply for 2018, 2017 and 2016 include the data shown here (Click the icon to view the comparative financial data.) Read the requirements Requirement 1a. Compute the acid-test ratio for 2018 and 2017. (Round to two decimals.) (Abbreviations used: Cash short-term investments. Round the acid test ratios to two decimals, XXX) Cash including cash equivalents: ST invest. = Acid-test ratio 2018 2017 © Data Table emer com 2018 2017 2016 me...
The percent change for Cost of sales was 2016-2017: 4.40% Exercise 2-4 Dollar Change from 2016...
The percent change for Cost of sales was 2016-2017: 4.40%
Exercise 2-4 Dollar Change from 2016 to 2017 (in thousands of dollars) Percent Change from 2016 to 2017 1. Total receivables, net $19,808,000 12.13% 2. Inventories, net $ 21,950,000 7.15 % 3. Accounts payable $ 37,084,000 21.23% 4. Retained earnings $ 54, 265,000 11,30 % B. Discuss the Percent Change in Inventory from 2016 to 2017 compared to the Percent Change in Cost of sales from 2016 to 2017.
Sales Cost of goods sold Accounts receivable 2018 2017 2016 2015 2014 $ 458,634 $ 299,761...
Sales Cost of goods sold Accounts receivable 2018 2017 2016 2015 2014 $ 458,634 $ 299,761 $ 233, 277 $ 170, 275 $ 122,500 231,917 151,481 119,889 87,088 61,250 22,244 17,476 15,933 9 ,944 8,379 Compute trend percents for the above accounts, using 2014 as the base year. (Round the percents to whole numbers.) Trend Percent for Net Sales: 1 Choose Denominator: Choose Numerator: Sales 2018: 2017: 2016: 2015: Trend Percent for Cost of Goods Sold: 1 Choose Denominator: Choose...
Sales Cost of goods sold Accounts receivable 2018 2017 2016 2015 2014 $ 515,774 $ 341,572...
Sales Cost of goods sold Accounts receivable 2018 2017 2016 2015 2014 $ 515,774 $ 341,572 $ 268,954 $ 181,114 $ 132,200 265,495 175,952 148,567 9 4,368 67,422 25,067 20,850 18,370 10,631 9 ,082 points Skipped Compute trend percents for the above accounts, using 2014 as the base year. (Round the percents to whole numbers.) Trend Percent for Net Sales: Choose Denominator: Choose Numerator: Sales eBook 2018: 2017: 2016: 2015: lint Print Trend Percent for Cost of Goods Sold: 1...
Check my work Sales Cost of goods sold Accounts receivable 2018 2017 2016 2015 2014 $...
Check my work Sales Cost of goods sold Accounts receivable 2018 2017 2016 2015 2014 $ 551,080 $ 357,844 $ 280,662 $ 195,583 $ 149, 300 289,012 187,629 148,994 103,003 77,636 26,727 20,862 19,281 11,422 10,242 Compute trend percents for the above accounts, using 2014 as the base year. (Round the percents to whole numbers.) Trend Percent for Net Sales: I Choose Denominator: Choose Numerator: Sales 2018: 2017: 2016: 2015: Trend Percent for Cost of Goods Sold: hoose Denominator: Choose...
Sales Cost of goods sold Accounts receivable 2017 2016 2015 2014 2013 $474,832 $314,458 $253,595 $180,495...
Sales Cost of goods sold Accounts receivable 2017 2016 2015 2014 2013 $474,832 $314,458 $253,595 $180,495 $133,700 230,319 152,490 125,076 88,388 64,176 23,029 18,301' 17,346 10,577 9,132 Compute trend percents for the above accounts, using 2013 as the base year. Trend Percent for Net Sales: Choose Denominator: Choose Numerator: Sales 2017: 2016: 2015: 2014: Trend Percent for Cost of Goods Sold: / Choose Denominator: Choose Numerator Cost of goods sold 2017: 2016: 2015: 2014 Trend Percent for Accounts Receivables: 1...
24) 2017 2016 2015 2014 2013 Sales $ 589,885 $ 388,082 $ 306,784 $ 214,534 $...
24) 2017 2016 2015 2014 2013 Sales $ 589,885 $ 388,082 $ 306,784 $ 214,534 $ 160,100 Cost of goods sold 309,290 203,453 162,828 113,108 83,252 Accounts receivable 28,668 22,664 21,015 12,507 10,967 Compute trend percents for the above accounts, using 2013 as the base year. Trend Percent for Net Sales: Choose Numerator: / Choose Denominator 2017 2016 2015 2014 Trend Percent for Cost of Goods Sold: Choose Numerator: / Choose Denominator 2017 2016 2015 2014 Trend Percent for Accounts...
QS 8-8 Days' sales uncollected LO A1 The following annual account balances are taken from Armour Sports at December 31. Accounts receivable Net sales $ 11,958 $43,738 154,258 524,748 Complete the below table to calculate the number of days' sales uncollected for the years 2016 and 2017? (Round your "Days' Sales Uncollected" to 1 decimal place.) Days' Sales Uncollected Choose Numerator: Choose Denominator: Days Days Sales Unc Days' sales uncollected 2017 2016: days days Is the company's collection of receivables...
Barga Co. reported net sales for 2016 and 2017 of $662,000 and
$741,000, respectively.
Barga Co. reported net sales for 2016 and 2017 of $662,000 and $741,000, respectively Its year-end balances of accounts receivable follow: December 31, 2016, $57000, and December 31, 2017 $91,000 ar Complete the below table to calciulate the doys' sales uncollected at the end of each yeor (Round your Days' Sales Uncollectedr answer to 1 decimal place.) Days' Sales Uncollected Choose Denominator: x Days Choose Numerator:...
CHIC UTIV Help QS 8-10 Days' sales uncollected LO A1 10 The following annual account balances are from Armour Sports at December 31 points bonitor Accounts receivable Net Sales Year 2 $ 100,000 $ 85,000 2,500,000 2,000,000 Complete the below table to calculate the number of days' sales uncollected for the years Year 1 and Year 2 (Round your Uncollected" to 1 decimal place.) Print Choose Numerator: Days Sales Uncollected Choose Denominator: * Days References - Year 2 Days Sales...
Question Help The comparative financial statements of Norfolk Cosmetic Supply for 2018, 2017 and 2016 include the data shown here (Click the icon to view the comparative financial data.) Read the requirements Requirement 1a. Compute the acid-test ratio for 2018 and 2017. (Round to two decimals.) (Abbreviations used: Cash short-term investments. Round the acid test ratios to two decimals, XXX) Cash including cash equivalents: ST invest. = Acid-test ratio 2018 2017 © Data Table emer com 2018 2017 2016 me...
The percent change for Cost of sales was 2016-2017: 4.40%
Exercise 2-4 Dollar Change from 2016 to 2017 (in thousands of dollars) Percent Change from 2016 to 2017 1. Total receivables, net $19,808,000 12.13% 2. Inventories, net $ 21,950,000 7.15 % 3. Accounts payable $ 37,084,000 21.23% 4. Retained earnings $ 54, 265,000 11,30 % B. Discuss the Percent Change in Inventory from 2016 to 2017 compared to the Percent Change in Cost of sales from 2016 to 2017.
Sales Cost of goods sold Accounts receivable 2018 2017 2016 2015 2014 $ 458,634 $ 299,761 $ 233, 277 $ 170, 275 $ 122,500 231,917 151,481 119,889 87,088 61,250 22,244 17,476 15,933 9 ,944 8,379 Compute trend percents for the above accounts, using 2014 as the base year. (Round the percents to whole numbers.) Trend Percent for Net Sales: 1 Choose Denominator: Choose Numerator: Sales 2018: 2017: 2016: 2015: Trend Percent for Cost of Goods Sold: 1 Choose Denominator: Choose...
Sales Cost of goods sold Accounts receivable 2018 2017 2016 2015 2014 $ 515,774 $ 341,572 $ 268,954 $ 181,114 $ 132,200 265,495 175,952 148,567 9 4,368 67,422 25,067 20,850 18,370 10,631 9 ,082 points Skipped Compute trend percents for the above accounts, using 2014 as the base year. (Round the percents to whole numbers.) Trend Percent for Net Sales: Choose Denominator: Choose Numerator: Sales eBook 2018: 2017: 2016: 2015: lint Print Trend Percent for Cost of Goods Sold: 1...
Check my work Sales Cost of goods sold Accounts receivable 2018 2017 2016 2015 2014 $ 551,080 $ 357,844 $ 280,662 $ 195,583 $ 149, 300 289,012 187,629 148,994 103,003 77,636 26,727 20,862 19,281 11,422 10,242 Compute trend percents for the above accounts, using 2014 as the base year. (Round the percents to whole numbers.) Trend Percent for Net Sales: I Choose Denominator: Choose Numerator: Sales 2018: 2017: 2016: 2015: Trend Percent for Cost of Goods Sold: hoose Denominator: Choose...
Sales Cost of goods sold Accounts receivable 2017 2016 2015 2014 2013 $474,832 $314,458 $253,595 $180,495 $133,700 230,319 152,490 125,076 88,388 64,176 23,029 18,301' 17,346 10,577 9,132 Compute trend percents for the above accounts, using 2013 as the base year. Trend Percent for Net Sales: Choose Denominator: Choose Numerator: Sales 2017: 2016: 2015: 2014: Trend Percent for Cost of Goods Sold: / Choose Denominator: Choose Numerator Cost of goods sold 2017: 2016: 2015: 2014 Trend Percent for Accounts Receivables: 1...
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