6.0 Calculate the average manufacturing period and the average storage period.
We know the following data of the company Perfilados, S.A:
Average storage time = (average inventory / cost of annual purchases) x 360 days
Calculation: 9250/105000*365=32.2 days is this right?
Average accounts receivable ÷ (Annual sales ÷ 365 days)
Receivables turnover= Sales Revenue/Any accounts receivables
Average Collection Period=365/Receivable turnover
6.0 Calculate the average manufacturing period and the average storage period. We know the following data...
Calculate the accounts receivable turnover and average collection period. Assume that average net accounts receivable were $325,000. (Use 365 days for calculation. Round average collection period to 1 decimal place, e.g. 15.1.) Question 14 0.67/1 View Policies Show Attempt History Current Attempt in Progress During its first year of operations, Sandhill Company had credit sales of $3,900,000, of which $410,000 remained uncollected at year-end. The credit manager estimates that $23,400 of these receivables will become uncollectible. Your answer is correct....
Accounts Receivable Turnover and Average Collection Period The Andrew Miller Corporation disclosed the following financial information (in millions) in its recent annual report 2012 2013 Net Sales $157,075 $171,675 Beginning Accounts Receivable (net) 12,895 12,695 Ending Accounts Receivable (net) 12,695 20,697 a. Calculate the accounts receivable turnover ratio for both years. (Round your answer to two decimal points) b. Calculate the average collection period for both years. (Use 365 days for calculation. Round to the nearest whole number.) c. Is...
Exercise 5-18 Calculate rece ivables ratios (LO5-8) Below are amounts (in millions) from three companies' annual reports. Beginning Accounts Ending Accounts Receivable $2,702 6,394 605 Receivable $1,755 5,866 569 Net Sales $316,427 WalCo TarMart 61,878 CostGet 62,963 Required: 1. Calculate the receivables turnover ratio and the average collection period for WalCo, TarMart and CostGet. (Do not m your answers in millions. Round your "Average accounts receivable" and "Receivables turnover ratio" answers Receivables Turnover Ratio Receivables turnover ratio WalCo times TarMart...
Exercise 5-18A Calculate receivables ratios (LO5-8) Below are amounts (in millions) from three companies' annual reports. Beginning Accounts Receivable $1,735 5,766 549 Ending Accounts Receivable $2.682 6,294 585 Walco TarMart CostGet Net Sales $314,427 59,878 60,963 Required: 1. Calculate the receivables turnover ratio and the average collection period for WalCo, TarMart and CostGet. (Do not round intermediate calculations. Enter your answers in millions. Round your "Average accounts receivable" and "Receivables turnover ratio" answers to one decimal place.) Receivables Turnover Ratio...
Assume selected financial data for Walmart and Target, two close competitors in the retail industry, are as follows: ($ in millions) Net Sales Beginning Accounts Receivable Ending Accounts Receivable Walmart $ 450,854 $ 5,414 $ 6,287 Target 72,316 6,328 6,102 Problem 5-9A Calculate and analyze ratios (L05-8) Assume selected financial data for Walmart and Target, two close competitors in the retail industry, are as follows: ($ in millions) Walmart Target 33:48 Beginning Accounts Receivable $5,414 6,328 Net Sales $450,854 72,316...
A7X, Inc., has an average collection period of 23 days. Its average daily investment in receivables is $82,000. What is the receivables turnover? (Do not round intermediate calculations and round your answer to 3 decimal places, e.g., 32.161.) Receivables turnover times What are annual credit sales? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Annual credit sales $
Rose, Inc., has an average collection period of 29 days. Its average daily investment in receivables is $91,300. a. What is the receivables turnover? (Do not round intermediate calculations and round your answer to 3 decimal places, e.g., 32.161.) b. What are annual credit sales? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) times a. Receivables turnover Annual credit sales
1. A7X, Inc., has an average collection period of 31 days. Its average daily investment in receivables is $90,000. What is the receivables turnover? (Do not round intermediate calculations and round your answer to 3 decimal places, e.g., 32.161.) Receivables turnover times What are annual credit sales? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Annual credit sales
Accounts Recelvable Turnover and Average Collection Perlod The Bud Miller Corporation disclosed the following financial information (in millions) in its recent annual report: 2018 2019 $97,096 $111,662 6,450 Net Sales Beginning Accounts Receivable (net) Ending Accounts Receivable (net) 6,355 6,355 6,598 a. Calculate the accounts receivable turnover ratio for both years. (Round your answer to two decimal points.) b. Calculate the average collection period for both years. (Use 365 days for calculation. Round to the nearest whole number.) c. Is...
Below are amounts (in millions) from three companies' annual reports Beginning Accounts ing Accounts Net Sales $315,427 6,34460,878 61,963 iva $2,692 va WalCo TarMart CostGet $1,745 5,816 559 595 Required: 1. Calculate the receivables turnover ratio and the average collection period for WalCo, TarMart and CostGet. (Do not round intern und your "Average accounts recelvable" and "Recelvables turnover ratio" answers to one decimal place.) Receivables Turnover Ratio Net sales Average accounts receivableReceivables turnover ratio WalCo$ TarMart $ CostGet 315,427 60,878...