Account receivable turnover = Net Sales/Average receivable = 550000/110000 = 5
So above statement is true
So answer is true
A company had net sales of $550,000 and an average accounts receivable of $110,000. Its accounts receivable turnove...
a company had total sales of $700,000, net sales of $696,800, and average accounts receivable of $104,000. Its accounts receivable turnover equals:
Taxes receivable classified as a/notes If net sales is $550,000, beginning inventory is $110,000, and ending inventory is $125,000, how much would be the accounts receivables turnover? Oa. 4.7 Ob. 5.0 Oc. 4.0 Od. 4.4 Calculator
A company had net sales of $680,000, total sales of $830,000, and an average accounts receivable of $79,000. Its accounts receivable turnover equals: Multiple Choice 8.61 012 0.10 0.82 10.51 A company borrowed $28,000 by signing a 180-day promissory note at 6 %. The maturity value of the note is: (Use 360 days a year.) Multiple Choice $33,740.00 $34,020.00 $28,840.00 $34,860.00 $35,280.00 The amount due on the maturity date of a $11,200, 90-day 7 % , note receivable is: (Use...
2 A company had net sales of $520,000, total sales of $670,000, and an average accounts receivable of $84,000. Its accounts receivable turnover equals: Multiple Choice 0.16 0.13 7.98 O.78 6.19 A company ages its accounts receivables to determine its end of period adjustment for bad debts. At the end of the current year, management estimated that $31,750 of the accounts receivable balance would be uncollectible. Prior to any year-end adjustments, the Allowance for Doubtful Accounts had a credit balance...
In 2022, Blossom Company has net credit sales of $1,727,000 for the year. It had a beginning accounts receivable (net) balance of $102,000 and an ending accounts receivable (net) balance of $118,000.Compute Blossom Company’s accounts receivable turnover. (Round answer to 1 decimal place, e.g. 12.5.)Accounts receivable turnover _____ timesCalculate Blossom Company’s average collection period in days. (Round answers to 1 decimal place, e.g. 12.5. Use 365 days for calculation.)Average collection period _____ days
Accounts Receivable Analysis A company reports the following: Sales $117,530 Average accounts receivable (net) 16,790 Determine (a) the accounts receivable turnover and (b) the number of days' sales in receivables, Round interim calculations to the nearest dollar and final answers to one dedmal place. Assume a 365-day year. a. Accounts receivable turnover b. Number of days' sales in receivables days
a company had average total assets of 887000 its gross sales were 1090000 net sales 1000000 the company s total asset turnover equals
Accounts Receivable Analysis A company reports the following Sales $649,700 64,970 Average accounts receivable (net) Determine (a) the accounts receivable tumover and (b) the number of days' sales in receivables. Round interim calculations to the nearest dolar and find answers to one decimal place. Assume a 365-day year. a. Accounts receivable turnover b. Number of days' sales in receivables d ays
Powers Company reported net sales of $1,310,000, average Accounts Receivable, net of $67,500, and net income of $55,700. The accounts receivable turnover ratio is: O 0.52 times. 18.4 times. 36.8 times. 19.4 times. 20.4 times.
Net Sales Cost of goods sold Average accounts receivable for the year Accounts receivable at year-end Average inventory for the year Inventory at year-end $1,095,000 657,000 44,250 18,000 226,000 158,400 Required: a. Calculate the inventory turnover for 2019. (Round your answer to 2 decimal places.) b. Calculate the number of days' sales in inventory for 2019, using year-end inventories. (Use 365 days a year. Round your answer to 1 decimal place.) c. Calculate the accounts receivable turnover for 2019. (Round...