Homework Answers
Answer
| Year | Fixed Asset Turnover Ratio |
| 2011 | 18.9 |
| 2012 | 15.0 |
| 2013 | 12.2 |
--Working
| Year | Beginning PPE | Ending PPE | Average PPE | Net Revenue | Fixed Asset Turnover Ratio |
| [A] | [B] | [C = (A+B) / 2] | [D] | [E = D/C] | |
| 2011 | $4,940 | $9,180 | $7,060 | $133,119 | 18.9 |
| 2012 | $9,180 | $15,600 | $12,390 | $185,500 | 15.0 |
| 2013 | $15,600 | $16,400 | $16,000 | $194,910 | 12.2 |
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The following data were included in a recent Papaya Inc. annual report (in millions): 2012 $80,225...
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E9-14 Computing and Interpreting the Fixed Asset Turnover Ratio from a Financial Analysts Perspective [LO 9-7)...
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(dollars in thousands)
Current Year
Previous Year
Accounts receivable
$
3,727,000
$
4,527,000
Less: Allowance for doubtful accounts
185,000
148,000
Net accounts receivable
$
3,542,000
$
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Net sales (assume all on credit)
$
35,397,000
Required:
1. Determine the receivables turnover ratio and
average days sales in receivables for the current year.
(Use 365 days a year. Do not round intermediate
calculations. Enter your answers in thousands not in
dollars.)...
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