Days sales uncollected = (average accounts receivables / net credit sales) *365
Year 2 = (10753 / 143015) * 365 = 27.44 days
Year 1 = (53735 / 624463) * 365 = 31.41 days
The following annual account balances are from Armour Sports at December 31. Accounts receivable Net sales...
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...
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...
The following annual account balances are from Armour Sports at December 31. Year 2 Year 1 Accounts receivable $ 59,568 $ 57,325 Net sales 1,167,533 1,090,531 Complete the below table to calculate the number of days' sales uncollected for the years Year 1 and Year 2. (Round your "Days' Sales Uncollected" to 1 decimal place.) Choose Numerator: Days = Days' Sales Uncollected Choose Denominator: X X x x Days' Sales Uncollected Days' sales uncollected days days = Year 2: Year...
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:...
Current Yr 1 Yr Ago 2 Yrs Ago At December 31 Assets Cash Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets, net Total assets Liabilities and Equity Accounts payable Long-term notes payable secured by mortgages on plant assets Common stock, $10 par value Retained earnings Total liabilities and equity $ 31,953 89,200 110,500 10,290 310.679 $552,622 $ 37,350 $ 39, 303 62,900 51.900 84,000 55,000 9.804 4.367 282,344 254,530 $ 476,398 $ 405,100 $134,851 $ 78,901 $ 52,404 101,815...
Barga Co.'s net sales for Year 1 and Year 2 are $668,000 and $748,000, respectively. Its year-end balances of accounts receivable follow: Year 1, $61,000; and Year 2, $92,000. a. Complete the below table to calculate the days' sales uncollected at the end of each year. (Round your "Days' Sales Uncollected" answer to 1 decimal place.) Days' Sales Uncollected Choose Denominator: Choose Numerator: Days Days' Sales Uncollected 1 Year 1 1 Days' sales uncollected days days Year 2 1 X
Barga Co.'s net sales for Year 1 and Year 2 are $664,000 and $744,000, respectively. Its year-end balances of accounts receivable follow: Year 1, $65,000, and Year 2, $92,000. a. Complete the below table to calculate the days' sales uncollected at the end of each year. (Round your "Days' Sales Uncollected" answer to 1 decimal place.) points Days' Sales Uncollected Choose Denominator: * Choose Numerator: 1 Days - Days' Sales Uncollected eBook Year 1: Days' sales uncollected days days Print...
Simon Company’s year-end balance sheets follow.
At December 31
2017
2016
2015
Assets
Cash
$
27,904
$
32,617
$
34,676
Accounts receivable, net
89,700
62,600
59,700
Merchandise inventory
113,000
83,000
54,000
Prepaid expenses
8,986
8,562
3,853
Plant assets, net
247,981
233,541
208,871
Total assets
$
487,571
$
420,320
$
361,100
Liabilities and Equity
Accounts payable
$
117,763
$
68,903
$
46,235
Long-term notes payable secured by
mortgages on plant assets
88,913
93,773
77,409
Common stock, $10 par value
162,500
162,500...
Required information Exercise 13-8 Liquidity analysis and interpretation LO P3 [The following information applies to the questions displayed below.] Simon Companyâ€s year-end balance sheets follow. At December 31 2017 2016 2015 Assets Cash $ 26,619 $ 31,115 $ 32,412 Accounts receivable, net 89,000 62,100 53,200 Merchandise inventory 114,500 83,000 57,000 Prepaid expenses 8,572 8,168 3,601 Plant assets, net 217,041 208,489 184,487 Total assets $ 455,732 $ 392,872 $ 330,700 Liabilities and Equity Accounts payable $ 112,342 $ 65,731 $ 43,216...
G trncc Ch 06 Homework Saved Help Save & Exin Check 6 Exercise 6-12 Liquid assets and accounts receivable LO A1 Barga Co reported net sales for 2016 and 2017 of $669,000 and $746,000, respectively Its year-end balances of accounts recevable follow December 31, 2016, $57,000, and December 31, 2017, $95,000 17 points a. Complete the below table to calculate the days sales uncollected at the end of each year (Round your "Days' Sales Uncollected answer to 1 decimal place.)...