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Homework Answers
a. Account receivable days
Accounts receivable days are the number of days that a consumer bill is outstanding before it is collect.
|
Account receivable |
$54,000 |
|
Divided by Annual sales |
$ 1,030,000 |
|
Multiply by No. of days of the year |
* 365 days |
|
Account receivable days |
19.16 Days or 19 Days |
Accounts receivable days:
= Account receivable / Annual revenue * No. of days of the year
= $54,000 / $ 1,030,000 * 365
= 19.16 Days or 19 Days
b. Fixed Assets turnover ratio
Fixed assets turnover ratio measure that the efficiency of return on investment of the company.
Fixed Assets turnover ratio
|
Net Sales |
$1.03 million |
|
Divided by Fixed Assets |
$ 2.92 million |
|
Fixed Assets ratio |
0.35 or 35 % |
= Net Sales / Fixed Assets
= $ 1.03 million / $ 2.92 million
= 0.35 or 35 %
High ratio indicates that company used its assets more efficiency.
c. Total Assets turnover ratio
Assets ratio indicates sales to total assets.
|
Net Sales |
$1.03 million |
|
Divided by Total Assets |
$ 5.13 million |
|
Fixed Assets ratio |
0.20 or 20 % |
Total Assets turnover ratio :
= Total sales revenue
Total Assets
= $ 1.03 million
$ 5.13 million
= 0.20 or 20%
d) Inventory turnover ratio
Inventory turnover is a ratio presentation how many times a company has sold and replaced inventory during a particular period.
Inventory turnover ratio:
|
Cost of Sales |
$ 590,000 |
|
Divided by Total Assets |
$ 151,000 |
|
Inventory turnover ratio |
3.90 times or 4 times |
= Cost of Sale / Average Inventory
= $ 590,000 / 151,000
= 3.90 times or 4 times
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Pls answer questions correctly. Thanks. Will give u
big thumbs up
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Second Half
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