Fawnsworth Industries Below is financial data for Fawnsworth Industries’ current year. Net sales on account during...
Fawnsworth Industries Below is financial data for Fawnsworth Industries’ current year. Net sales on account during year $500,000 Cost of merchandise sold during year 300,000 Accounts receivable, beginning of year 45,000 Accounts receivable, end of year 35,000 Inventory, beginning of year 90,000 Inventory, end of year 110,000 41. Refer to the data for Fawnsworth Industries. Based on this information, what is Fawnsworth’s number of days’ sales in inventory (assuming a 360 day year)? a. 132 days b. 216 days c. 1,091 days d. 120 days
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Fawnsworth Industries Below is financial data for Fawnsworth
Industries’ current year. Net sales on account during...
29.Based on the following data for the current year, what is the inventory turnover Net sales...
29.Based on the following data for the current year, what is the inventory turnover Net sales on account during year Cost of merchandise sold during year Accounts receivable, beginning of year Accounts receivable, end of year Inventory, beginning of year Inventory, end of year $500,000 330,000 45,000 35,000 90,000 110,000 a. 3.3 b. 8.3 c. 3.7 3.0
Based on the following data, what is the accounts receivable turnover? Sales on account during year...
Based on the following data, what is the accounts receivable turnover? Sales on account during year $600,000 Cost of merchandise sold during year 270,000 Accounts receivable, beginning of year 45,000 Accounts receivable, end of year 35,000 Inventory, beginning of year 90,000 Inventory, end of year 110,000 13.3 2.6 20.0 15.0
based on the following data for the current year, what is the accounts receivable turnover? Nets...
based on the following data for the current year, what is the accounts receivable turnover? Nets sales on account during year $400,000 Cost of merchandise sold during year 300,000 Accounts receivable beginning of year 45,000 Accounts receivable end of year 35,000 inventory beginning of year 90,000 inventory end of year 110,000
gased on the following data for the current year, what is the acounts receivable turnover? Sales...
gased on the following data for the current year, what is the acounts receivable turnover? Sales on account during year Cost of merchandise sold during year Accounts receivable, beginning of year Accounts receivable, end of year Inventory, beginning of year Inventory, end of year $584,000 300,000 45,000 35,000 90,000 110,000 a) 7.3 b) 2.5 c) 25 d) 14.6 41) Current liabilities are a) Due and receivable within one year b) Due, but not payable for more than one year c)...
r Question 1.44 Hortzontal analysie of comparaive fnnancial stataments Includes O aiaustion of dolar amount chnges...
r Question 1.44 Hortzontal analysie of comparaive fnnancial stataments Includes O aiaustion of dolar amount chnges and peroetage dhanges from the previous to the cumont year r Question 1.45 Current year Preceding year $325,000 250,000 What le the percentage Increase In satee from trhe preceding year to trhe current year? 070% Question 1.46 Based on the Tollowing data for the current year, what is the Inventory tamover? Sales on account during year Cost of goods sold during year Accounts receivable,...
Based on the following data for the current year, what is the number of days' sales...
Based on the following data for the current year, what is the number of days' sales in inventory? Net sales on account during year $400,873 Cost of goods sold during year 184,416 Accounts receivable, beginning of year 40,431 Accounts receivable, end of year 50,704 Inventory, beginning of year 32,384 Inventory, end of year 41,019 Do not round interim calculations. Round your final answer up to the nearest whole day. Select the correct answer. O 73 days O 90 days 5...
Based on the following data, what is the accounts receivable turnover? Sales on account during year...
Based on the following data, what is the accounts receivable turnover? Sales on account during year $432,045 Cost of goods sold during year 180,534 Accounts receivable, beginning of year 41,109 Accounts receivable, end of year 52,125 Inventory, beginning of year 91,460 Inventory, end of year 108,970
Assume the following sales data for a company: Current year Preceding year $757,611 $562,022 What is...
Assume the following sales data for a company: Current year Preceding year $757,611 $562,022 What is the percentage increase in sales from the preceding year to the current year? Select the correct answer. 074.18% 025.82% 0134.8096 034.80% Based on the following data for the current year, what is the number of days' sales in inventory? Net sales on account during year Cost of goods sold during year Accounts receivable, beginning of year Accounts receivable, end of year Inventory, beginning of...
Based on the following data for the current year, what is the inventory turnover? Net sales...
Based on the following data for the current year, what is the inventory turnover? Net sales on account during year $418,974 Cost of goods sold during year 165,391 Accounts receivable, beginning of year 42,206 Accounts receivable, end of year 46,725 Inventory, beginning of year 36,069 Inventory, end of year 44,506 Do not round interim calculations. Round your final answer to one decimal place. Select the correct answer. 0 1 35.1 04.1 O 2.5
Complete the balance sheet and sales information below for Iceberg Industries using the following financial data:...
Complete the balance sheet and sales information below for Iceberg Industries using the following financial data: Debt ratio: 50% Quick Ratio: .80x Total Assets Turnover: 2.0x Days Sales Outstanding: 36.0 days Gross Profit Margin on Sales (Sales-Cost of Goods Sold)/Sales-25% Inventory Turnover Ratio: 5.0x Balance Sheet: Cash [Select ] Accounts Receivable [ Select Inventories [Select ] Fixed Assets Select] Total Assets $300,000 Accounts Payable Select ] Long Term Debt $70,000 Common Stock [Select ] Retained Earnings $97,500 Total Liabilities and...
29.Based on the following data for the current year, what is the inventory turnover Net sales on account during year Cost of merchandise sold during year Accounts receivable, beginning of year Accounts receivable, end of year Inventory, beginning of year Inventory, end of year $500,000 330,000 45,000 35,000 90,000 110,000 a. 3.3 b. 8.3 c. 3.7 3.0
gased on the following data for the current year, what is the acounts receivable turnover? Sales on account during year Cost of merchandise sold during year Accounts receivable, beginning of year Accounts receivable, end of year Inventory, beginning of year Inventory, end of year $584,000 300,000 45,000 35,000 90,000 110,000 a) 7.3 b) 2.5 c) 25 d) 14.6 41) Current liabilities are a) Due and receivable within one year b) Due, but not payable for more than one year c)...
r Question 1.44 Hortzontal analysie of comparaive fnnancial stataments Includes O aiaustion of dolar amount chnges and peroetage dhanges from the previous to the cumont year r Question 1.45 Current year Preceding year $325,000 250,000 What le the percentage Increase In satee from trhe preceding year to trhe current year? 070% Question 1.46 Based on the Tollowing data for the current year, what is the Inventory tamover? Sales on account during year Cost of goods sold during year Accounts receivable,...
Based on the following data for the current year, what is the number of days' sales in inventory? Net sales on account during year $400,873 Cost of goods sold during year 184,416 Accounts receivable, beginning of year 40,431 Accounts receivable, end of year 50,704 Inventory, beginning of year 32,384 Inventory, end of year 41,019 Do not round interim calculations. Round your final answer up to the nearest whole day. Select the correct answer. O 73 days O 90 days 5...
Assume the following sales data for a company: Current year Preceding year $757,611 $562,022 What is the percentage increase in sales from the preceding year to the current year? Select the correct answer. 074.18% 025.82% 0134.8096 034.80% Based on the following data for the current year, what is the number of days' sales in inventory? Net sales on account during year Cost of goods sold during year Accounts receivable, beginning of year Accounts receivable, end of year Inventory, beginning of...
Based on the following data for the current year, what is the inventory turnover? Net sales on account during year $418,974 Cost of goods sold during year 165,391 Accounts receivable, beginning of year 42,206 Accounts receivable, end of year 46,725 Inventory, beginning of year 36,069 Inventory, end of year 44,506 Do not round interim calculations. Round your final answer to one decimal place. Select the correct answer. 0 1 35.1 04.1 O 2.5
Complete the balance sheet and sales information below for Iceberg Industries using the following financial data: Debt ratio: 50% Quick Ratio: .80x Total Assets Turnover: 2.0x Days Sales Outstanding: 36.0 days Gross Profit Margin on Sales (Sales-Cost of Goods Sold)/Sales-25% Inventory Turnover Ratio: 5.0x Balance Sheet: Cash [Select ] Accounts Receivable [ Select Inventories [Select ] Fixed Assets Select] Total Assets $300,000 Accounts Payable Select ] Long Term Debt $70,000 Common Stock [Select ] Retained Earnings $97,500 Total Liabilities and...
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