Days sales outstanding is = (Average receivables/Net sales)*365 | ||
Days sales outstanding is = (20000/80000)*365 | ||
Days sales outstanding is = 91.25 Days |
Your firm had net sales of $80,000 this past year and receivables of $20,000; and the...
Consider the following information:Year 2Year 1Accounts receivable$88,000$80,000Merchandise inventory66,00080,000Net sales408,000380,000Cost of goods sold248,000228,000What is the Year 2 receivables turnover ratio for Year 2? (Round your answer to 2 decimal places.) Receivables turnover ratio = _______
Computing EP: Stock Options Rand, Inc. had a net income of $80,000. During the year, 200,000 shares were outstanding on average and Rand’s common stock sold at an average market price of $50. In addition, Rand had 20,000 stock options outstanding to purchase a total of 20,000 common shares at $25 for each option exercised. a. Compute basic earnings per share. b. Compute diluted earnings per share.
RECEIVABLES INVESTMENT McEwan Industries sells on terms of 3/10, net 25. Total sales for the year are $542,000; 40% of the customers pay on the 10th day and take discounts, while the other 60% pay, on average, 54 days after their purchases. Assume 365 days in year for your calculations. What is the days sales outstanding? Round your answer to two decimal places. days What is the average amount of receivables? Round your answer to the nearest cent. Do not...
RECEIVABLES INVESTMENT McEwan Industries sells on terms of 3/10, net 25. Total sales for the year are $1,073,500; 40% of the customers pay on the 10th day and take discounts, while the other 60% pay, on average, 50 days after their purchases. Assume 365 days in year for your calculations, a. What is the days sales outstanding? Round your answer to two decimal places. days b. What is the average amount of receivables? Round your answer to the nearest cent....
RECEIVABLES INVESTMENT McEwan Industries sells on terms of 3/10, net 20. Total sales for the year are $1,840,500; 40% of the customers pay on the 10th day and take discounts, while the other 60% pay, on average, 78 days after their purchases. Assume 365 days in year for your calculations. What is the days sales outstanding? Round your answer to two decimal places. days What is the average amount of receivables? Round your answer to the nearest cent. Do not...
RECEIVABLES INVESTMENT McEwan Industries sells on terms of 3/10, net 35. Total sales for the year are $1,907,000; 40% of the customers pay on the 10th day and take discounts, while the other 60% pay, on average, 76 days after their purchases. Assume 365 days in year for your calculations. a. What is the days sales outstanding? Round your answer to two decimal places. days b. What is the average amount of receivables? Round your answer to the nearest cent....
RECEIVABLES INVESTMENT McEwan Industries sells on terms of 3/10, net 30. Total sales for the year are $1,266,000; 40% of the customers pay on the 10" day and take discounts, while the other 60% pay, on average, 54 days after their purchases. Assume 365 days in year for your calculations. a. What is the days sales outstanding? Round your answer to two decimal places. days b. What is the average amount of receivables? Round your answer to the nearest cent....
RECEIVABLES INVESTMENT McEwan Industries sells on terms of 3/10, net 40. Total sales for the year are $1,444,500; 40% of the customers pay on the 10th day and take discounts, while the other 60% pay, on average, 82 days after their purchases. Assume 365 days in year for your calculations. What is the days sales outstanding? Round your answer to two decimal places. =_______days What is the average amount of receivables? Round your answer to the nearest cent. Do not...
Pt 2 what is the profit margin? QUESTION 43 1 points Balance Sheet Cash &Ms Receivables Inventories ts Payable 80,000 Notes Payable Fixed Assets otal Assets Annual Sales$1,500,000 ies Common Equity 280,000 ot Cost of Goods Sold-$1.200,000 Number of Shares Outstanding 20 000 Net Income $60,000 What is the days sales outstanding (DSO) of the firm? (Use a 360-day year.) O 12.0 days O 13.2 days 16.5 days O 22 days O 30.5 days Click Save and Submit to sawe...
Last year, your company had sales of $3.6 million, cost of goods sold of $2.3 million and operating expenses amounting to $840,000. The firm had $114,000 in depreciation expense. In addition, the firm paid 8% interest on $625,000 in bonds, received $30,000 in dividend income, and sold property for a $10,000 capital loss. What was the firm's tax payment? $62,160 $63,210 $59,010 $68,460 $65,310 Last year, California Sushi and Such (CSS) had sales of $65 million. The firm's operating expenses...