accounts receivable turno ratio of a company is 2, annual credit sales IS $ nat is the average putstanding credit (or value of accounts receivable)? If the company operates 355 a year, what is the average number of days it takes rodit calo

Q: Net credit sales for Turner Company are $200,000 for the year and the average accounts receivable…

A: Average collection period = Accounts Receivable Turnover Ratio =

Q: YZ's receivables turnover is 24x. The accounts receivable at year-end are $410,000. The average…

A: Account receivables are payment due to the customers that are not received yet and will be received…

Q: Accounts Receivable Analysis A company reports the following: Sales $275,940 Average accounts…

A: The accounts receivables turnover ratio tells about the efficiency of the business to convert its…

Q: Need help please provide answer

A: Operating cycle = ((Inventory * 365 days) / Cost of goods sold) + ((Accounts Receivable * 365 days)…

Q: ABCD Corporation has credit sales of $8,460,000 and receivables of $1,260,000. Assume there are 365…

A: Ratio analysis is one of useful technique used. Under this, various calculations are done on…

Q: If Hot Tubs Inc. had annual credit sales of P2,027,773 and its days sales outstanding was equal to…

A: The calculation of average Accounts Receivables outstanding is shown hereunder : Annual credit sales…

Q: A firm had credit sales of $15,750,000 last year and its days sales outstanding was 65 days.  What…

A: Given, Credit sales = $15,750,000. Days sales outstanding = 65 days.

Q: The Malibu Corporation has annual credit sales of $36 million. The average collection period is 38…

A: Day sales in receivables= 365/receivables turnover38 =365/ receivables turnoverreceivables turnover=…

Q: If Cactus, Inc. has annual sales of $83,000, average accounts payable of $30,000, and average…

A: Given: Annual sales = $83,000 Average accounts receivables = $25,000

Q: Accounts receivable analysis A company reports the following: Sales $4,560,000 Average…

A: Accounts receivable means the money owed by debtors.

Q: Receivables Investment Medwig Corporation has a DSO of 30 days. The company averages $7,750 in sales…

A: The objective of the question is to calculate the average accounts receivable for Medwig Corporation…

Q: average investment in accounts receivable?

A: Average investment in accounts receivable = Accounts receivable average collection period * Annual…

Q: ABCD Corporation has credit sales of $10,290,000 and receivables of $1,560,000. Assume there are 365…

A: In this we have to calculate the receivable turnover ratio using the formula.

Q: A company reports the following: Sales Average accounts receivable (net) $511,000 73,000 Determine…

A: Sales = 511,000 Average Accounts Receivables (net) = 73,000

Q: Medwig Corporation has a DSO of 17 days. The company averages $7,750 in sales each day (all…

A: Accounts receivable are the people who owe the company. In simple words these are the people who…

Q: Accounts Receivable Analysis A company reports the following: Sales $192,720 Average accounts…

A: The accounts receivable turnover ratio indicates the efficiency of a company in collecting the…

Q: The Daisy Company had net credit sales of $880,000 for the year. Cash sales for the year were…

A: DAYS SALES IN RECEIVABLEDays Sales to Receivable is a ratio between 360/365 Days and Receivable…

Q: ccounts Receivable Analysis A company reports the following: Sales…

A: a) Account Receivable Turnover: Calculate the accounts receivable turnover as shown below: Account…

Q: Net credit sales = $400,000 Net income = $100,000 Average total assets = $80,000 Average accounts…

A: calculation of average collection period are as follows

Q: Receivables Investment Medwig Corporation has a DSO of 37 days. The company averages $9,750 in…

A: Accounts Receivables are the money due towards customers but not yet paid on account of goods sold…

Q: Medwig Corporation has a DSO of 27 days. The company averages $9,750 in sales each day (all…

A: The objective of the question is to calculate the average accounts receivable of Medwig Corporation…

Q: What is the receivales turnover and what is the average collection period (days sales outstanding) ?

A: Information Provided: Credit sales = $10,640,000 Receivables = $1,520,000

Q: A company has net income of $184,000, a profit margin of 8.5 percent, and an accounts receivable…

A: Profit margin=Net income/SalesHence sales=(184000/0.085)=$2164705.88

Q: Medwig Corporation has a DSO of 21 days. The company averages $9,250 in sales each day (all…

A: Ratio analysis used identify the business performance of the company. It is used to measure…

Q: Please Give the answer of this question

A: Step 1: Introduction to the Account Receivable:Account receivable is a current asset created by a…

Q: Accounts Receivable Analysis A company reports the following: Sales $408,800 Average accounts…

A: a)

Q: Aubrey Company that you work for had credit sales of P3,500,000 last year and on average had P33,000…

A: Average collection period refers to the average number of days taken by the clients or customers to…

Q: Medwig Corporation has a DSO of 21 days. The company averages $5,250 in sales each day (all…

A: DSO = 21 days Daily sale = $ 5,250 Annual sale = 5250*365 = $ 1,916,250

Conversion Cycle

Conversion cycle is also known as cash cycle or net operating cycle. Conversion cycle refers to how much time a company takes to turn its investments which is done from stock or any other financial resources into cash flows from sales.