Question
please help
Use the following information to answer this question. Windswept, Inc. 2017 Income Statement ($ in millions) Net Sales Cost o
What is the days sales in receivables for 2017? Multiple Choice 39.19 days O 37.32 days O O 83.31 days O 36.81 days O 51.05
0 0
Add a comment Improve this question Transcribed image text
Answer #1

Days Sales in receivables = Accounts receivable/Total credit sales*Number of days

Accounts receivable = 1000

Total credit sales = 9780

Number of days = 365

Day sales in receivable = 1000/9780*365 = 37.32

Ans 37.32 days

Add a comment
Know the answer?
Add Answer to:
please help Use the following information to answer this question. Windswept, Inc. 2017 Income Statement ($...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions
  • Use the following information to answer this question. Windswept, Inc. 2017 Income Statement (S in millions)...

    Use the following information to answer this question. Windswept, Inc. 2017 Income Statement (S in millions) $10,060 8,240 500 $1,320 124 1,196 Net sales Cost of goods sold Depreciation Eniglst and taxes Interest paid Taxable income Taxes Net income Windswept, Inc. 2016 and 2017 Balance Sheets ($ in millions) 2016 2017 51750?035 1210 1.355 3,560 3,110 700 950 2016 2017 S 320 350 Accounts payable Cash Accounts rec Inventory Total Net fixed assets Total assets 1,180 1,080 Long-term debt 2,090...

  • Use the following information to answer this question Windswept, Inc. 2017 Income Statement ($ in millions)...

    Use the following information to answer this question Windswept, Inc. 2017 Income Statement ($ in millions) Net sales Cost of goods sold Depreciation Earnings before interest and taxes Interest paid Taxable income Taxes Net income $9,250 7,550 330 $1,37€ $1,288 386 $ 902 Cash Accounts rec. Inventory Total Net fixed assets Total assets Windswept, Inc. 2016 and 2017 Balance Sheets ($ in millions) 2016 2017 $ 200 $ 215 Accounts payable 950 850 Long-term debt 1,620 1,580 Common stock $2,770...

  • Use the following information to answer this question. $13,550 8,050 Windswept, Inc. 2017 Income Statement ($...

    Use the following information to answer this question. $13,550 8,050 Windswept, Inc. 2017 Income Statement ($ in millions) Net sales Cost of goods sold Depreciation Earnings before interest and taxes Interest paid Taxable income Taxes Net income Sas $ 4,995 184 $ 4,891 1.712 $ 3,179 Cash Accounts rec. Inventory Total Net fixed assets Total assets Windswept, Inc. 2016 and 2017 Balance Sheets ($ in millions) 2016 2017 $ 280 $ 310 Accounts payable 1,150 1,850 Long-term debt 2,860 1,765...

  • Use the following information to answer this question. Windswept, Inc. 2017 Income Statement ($ in millions)...

    Use the following information to answer this question. Windswept, Inc. 2017 Income Statement ($ in millions) Net sales Cost of goods sold Depreciation Earnings before interest and taxes Interest paid Taxable income Taxes Net income $10,300 8,100 425 $ 1,775 106 $ 1,669 584 $ 1,085 Cash Accounts rec. Inventory Total Net fixed assets Total assets Windswept, Inc. 2016 and 2017 Balance Sheets ($ in millions) 2016 2017 $ 300 $ 330 Accounts payable 1,170 1,070 Long-term debt 1,840 1,800...

  • Use the following information to answer this question. Windswept, Inc. 2017 Income Statement ($ in millions)...

    Use the following information to answer this question. Windswept, Inc. 2017 Income Statement ($ in millions) Net sales Cost of goods sold Depreciation Earnings before interest and taxes Interest paid Taxable income Taxes Net income $9, 100 7,500 365 $1,235 95 $1,140 399 $ 741 Windswept, Inc. 2016 and 2017 Balance Sheets ($ in millions) 2016 2017 $ 180 $ 210 Accounts payable 1, 000 900 Long-term debt Cash Accounts rec. < Prev 39 of 50 ! Next acer Taxes...

  • Use the following information to answer this question. Windswept, Inc. 2017 Income Statement ($ in millions)...

    Use the following information to answer this question. Windswept, Inc. 2017 Income Statement ($ in millions) Net sales $ 8,700 Cost of goods sold 7,300 Depreciation 345 Earnings before interest and taxes $ 1,055 Interest paid 87 Taxable income $ 968 Taxes 339 Net income $ 629    Windswept, Inc. 2016 and 2017 Balance Sheets ($ in millions) 2016 2017 2016 2017 Cash $ 140 $ 170 Accounts payable $ 1,180 $ 1,267 Accounts rec. 920 730 Long-term debt 1,020...

  • Use the following information to answer this question. Windswept, Inc. 2017 Income Statement ($ in millions)...

    Use the following information to answer this question. Windswept, Inc. 2017 Income Statement ($ in millions) Net sales Cost of goods sold Depreciation Earnings before interest and taxes Interest paid Taxable income Taxes $10,020 8,110 500 $ 1,410 118 $ 1,292 452 $ 840 Net income Cash Accounts rec. Inventory Total Net fixed assets Total assets Windswept, Inc. 2016 and 2017 Balance Sheets ($ in millions) 2016 2017 $ 300 $ 330 Accounts payable 1,140 1,040 Long-term debt 2,020 1,800...

  • Use the following information to answer this question. Windswept, Inc. 2017 Income Statement ($ in millions)...

    Use the following information to answer this question. Windswept, Inc. 2017 Income Statement ($ in millions) Net sales Cost of goods sold Depreciation Earnings before interest and taxes Interest paid Taxable income Taxes Net income $10,500 8,200 435 $ 1,865 110 $ 1,75!5 614 $ 1,141 Windswept, Inc. 2016 and 2017 Balance Sheets ($ in millions) 2017 2016 2016 2017 $1,780 $2,037 1,120,433 3,460 3,080 950 $ 320 $ 350 Accounts payable Cash Accounts rec. Inventory Total Net fixed assets...

  • Use the following information to answer this question. Windswept, Inc. 2017 Income Statement ($ in millions)...

    Use the following information to answer this question. Windswept, Inc. 2017 Income Statement ($ in millions) Net sales $ 8,650 Cost of goods sold 7,260 Depreciation 415 Earnings before interest and taxes $ 975 Interest paid 84 Taxable income $ 891 Taxes 312 Net income $ 579 Windswept, Inc. 2016 and 2017 Balance Sheets ($ in millions) 2016 2017 2016 2017 Cash $ 130 $ 160 Accounts payable $ 970 $ 1,135 Accounts rec. 800 700 Long-term debt 1,000 1,200...

  • Use the following information to answer this question Windswept, Inc. 2017 Income Statement ($ in millions)...

    Use the following information to answer this question Windswept, Inc. 2017 Income Statement ($ in millions) Net sales Cost of goods Sold Depreciation Earnings before interest and taxes Interest paid Taxable income Taxes Net income $8,600 7,290 400 $ 910 80 $ 830 291 $539 Windswept, Inc. 2016 and 2017 Balance Sheets (ş in millions) 2017 2016 $ 140 $ 175 Accounts payable 2017 $1,150 $1,205 990 1,255 3,190 2,890 700 2016 Cash Accounts rec. Inventory Total Net fixed assets...

ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT