Given the following information, compute accounts receivable turnover: Gross sales $150,000 Accounts receivable, beginning of year...
Given the following information, compute accounts receivable turnover:
| Gross sales $150,000 | Accounts receivable, beginning of year $18,000 |
| Sales 135,000 | Accounts receivable, end of year 22,000 |
(A) 6.75
(B) 6.82
(C) 6.13
(D) 7.50
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Given the following information, compute accounts receivable turnover: Gross sales $150,000 Accounts receivable, beginning of year...
Given the following information, compute accounts receivable turnover: Gross sales Sales $18,000 22,000 $150,000Accounts receivable, beginning...
Given the following information, compute accounts receivable turnover: Gross sales Sales $18,000 22,000 $150,000Accounts receivable, beginning of year 35,000 Accounts receivable, end of year Oa. 6.82 Ob. 6.13 C. 6.75 Od. 7.50
The following information relates to a company’s accounts receivable: gross accounts receivable balance at the beginning...
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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
Based on the following data, what is the accounts receivable turnover? Sales on account during year...
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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...
Refer to the following selected financial information from McCormik, LLC. Compute the company's accounts receivable turnover...
Refer to the following selected financial information from McCormik, LLC. Compute the company's accounts receivable turnover for Year 2 Cash Short-term investments Accounts receivable, net Merchandise inventory Prepaid expenses Plant asaeta Accounts payable Net sales Cost of goods Bold Year 2 Year 1 $ 39,500 $ 110,000 70,000 95,500 89,500 131,000 135,000 14,100 11,700 398,000 348,000 103, 400 117,00 721,000 686,000 400,000 385,000 Multiple Choice 0 0 6.55 0 0 255. 0 8 .06. 0 0 5.50 0 779
Accounts Receivable and Inventory Turnover Use the following information to respond to the questions below. Round...
Accounts Receivable and Inventory Turnover Use the following information to respond to the questions below. Round all numbers to 1 place past the decimal (Example: 4.1, 90.7, Current Year Prior Year Net Sales 580,000 539,000 Cost of Goods Sold 377,000 345,000 Accounts Receivable, beginning of year 61,000 73,000 61,400 61,000 Accounts Receivable, end of year Inventory, beginning of year Inventory, end of year 58,000 65,600 87,800 58,000 Current Year Prior Year Accounts Receivable Turnover AR Days (365/AR Turn) Inventory Turnover...
If the question asks me "Compute the accounts receivable turnover for 2011 and 2010 (use year...
If the question asks me "Compute the accounts receivable turnover for 2011 and 2010 (use year end gross receivable)" does this mean to use the average of the begining and end of the year or just the end for gross receivables also what formula should I use ? thanks
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)...
based on the following data for the current year, what is the accounts receivable turnover? Nets...
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Given the following information, compute accounts receivable turnover: Gross sales Sales $18,000 22,000 $150,000Accounts receivable, beginning of year 35,000 Accounts receivable, end of year Oa. 6.82 Ob. 6.13 C. 6.75 Od. 7.50
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...
Refer to the following selected financial information from McCormik, LLC. Compute the company's accounts receivable turnover for Year 2 Cash Short-term investments Accounts receivable, net Merchandise inventory Prepaid expenses Plant asaeta Accounts payable Net sales Cost of goods Bold Year 2 Year 1 $ 39,500 $ 110,000 70,000 95,500 89,500 131,000 135,000 14,100 11,700 398,000 348,000 103, 400 117,00 721,000 686,000 400,000 385,000 Multiple Choice 0 0 6.55 0 0 255. 0 8 .06. 0 0 5.50 0 779
Accounts Receivable and Inventory Turnover Use the following information to respond to the questions below. Round all numbers to 1 place past the decimal (Example: 4.1, 90.7, Current Year Prior Year Net Sales 580,000 539,000 Cost of Goods Sold 377,000 345,000 Accounts Receivable, beginning of year 61,000 73,000 61,400 61,000 Accounts Receivable, end of year Inventory, beginning of year Inventory, end of year 58,000 65,600 87,800 58,000 Current Year Prior Year Accounts Receivable Turnover AR Days (365/AR Turn) Inventory Turnover...
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)...
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