Essay
The following information is available for a company for the current year:
Net Sales Revenue $ 345,000
Cost of Goods Sold 205,000
Average Accounts Receivable 32,500
Average Inventory 9,450
Average Net Fixed Assets 81,250
Average Total Assets 130,000
Required:
Part a.Calculate the receivables turnover ratio for the current year.
Part b.Calculate the days to collect for the current year.
Part c.Calculate the inventory turnover ratio for the current year.
Part d.Calculate the days to sell for the current year.
Round all ratios to two decimal points.
Correct Answer:
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Part a
Receivables turnover ratio = Net ...View Answer
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Correct Answer:
Verified
Receivables turnover ratio = Net ...
View Answer
Unlock this answer now
Get Access to more Verified Answers free of charge
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