3. If net sales is P200,000 and the averageaccounts receivable is P50,000, what is theaccounts receivable turnover ratio? *а. 4b. 1/4c. P150,000d. P250,0005. If total assets amounted to P800,000 andtotal liabilities amounted to P200,000, whatis the debt to equity ratio? *а. 4b. 0.3333c. 0.25d. 39. If the operating expenses of the companyamounted to P50,000, gross salesamounted to P420,000 and sales discountsamounted to P20,000, how much is theoperating expenses to sales ratio? *a. 0.125b. 8c. 0.119d. 8.4

Ratio analysis means where different ratio of various years of years companies has been compared and…

Answered: 3. If net sales is P200,000 and the…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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A company had net sales of $570,000, total sales of $720,000, and average accounts receivable, net of $81,500. Its accounts receivable turnover equals: Multiple Choice 8.83 6.99 0.79 0.14 0.11
calculate these (d) Current ratio :1 (e) Accounts receivable turnover times (f) Average collection period days
Please help me with show all calculation thanku
7
Suppose the 2022 financial statements of 3M Company report net sales of $23.1 billion. Accounts receivable (net) are $3.2 billion at the beginning of the year and $3.25 billion at the end of the year. Compute 3M’s accounts receivable turnover. - Accounts Recievable turnover ratio=? (times) Compute 3M’s average collection period for accounts receivable in days - Average collection period =? (days)
At what amount will accounts receivable for Anderson Company be reported on the balance sheet if the gross receivable balance is $52,000 and the allowance for doubtful accounts is estimated at 4% of gross receivables? Select one: A. $28,200 B. $49,920 C. $52,960 D. $47,000
19. The accounts receivable turnover is 8.14, and average net accounts receivable during the period is $400,000. What is the amount of net credit sales for the period? Brief Exercises Identify different types of receivables. BE8.1 (LO 1), C The following are three receivables transactions. Indicate whether these receivables are reported as accounts receivable, notes receivable, or other receivables on a balan a. Sold merchandise on account for $64,000 to a customer. b. Received a promissory note of $57,000 for services performed. c. Advanced $10,000 to an employee. Record basic accounts receivable transactions. PEO AR Rooord the following transactions on the books of Jarvis Co. (Omit cost of goods sold entries.)
1. A company, extends credit to its customers. Total Sales is 2 Million, credit Sales is 850,000, Sales Return is 305,000, with percent of uncollectibility set at 4% What is the journal entry under percentage of net credit sales?
What does the accounts receivable turnover ratio measure? Multiple Choice Average balance of accounts receivables How quickly accounts receivable turn into cash How quickly inventory turns into accounts receivable How quickly the accounts receivable balance increases
Using the information in appendix 1 only, comment on the financial performance of thebusiness (briefly consider growth, profitability and credit management)

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3. If net sales is P200,000 and the average accounts receivable is P50,000, what is the accounts receivable turnover ratio? * а. 4 b. 1/4 c. P150,000 d. P250,000