Answer the following questions by using the following data taken from the financial statement of 2 companies: Company ABC Annual Sales ( on Credit ) Cost of Goods Sold Company DEF Annual Sales ( on Credit ) $1,324,600 $936,720 $2,748,308 Cost of Goods Sold $1,709,406 Average Inventory Average Accounts Receivable $346,007 Average Accounts Payable $225,025 Average Inventory Average Accounts Receivable Average Accounts Payable $356,394 $300,000 $150,000 $175,456 How much is the approximate Days Payable Outstanding of Company DEF? 32 1. 95 40 68 How much is the approximate Days Inventory Outstanding for Company АВС? * 88 90 2. 95 76 How much is the approximate Days Sales Outstanding for Company DEF? * 76 3. 95 87 40 O O O O
Answer the following questions by using the following data taken from the financial statement of 2 companies: Company ABC Annual Sales ( on Credit ) Cost of Goods Sold Company DEF Annual Sales ( on Credit ) $1,324,600 $936,720 $2,748,308 Cost of Goods Sold $1,709,406 Average Inventory Average Accounts Receivable $346,007 Average Accounts Payable $225,025 Average Inventory Average Accounts Receivable Average Accounts Payable $356,394 $300,000 $150,000 $175,456 How much is the approximate Days Payable Outstanding of Company DEF? 32 1. 95 40 68 How much is the approximate Days Inventory Outstanding for Company АВС? * 88 90 2. 95 76 How much is the approximate Days Sales Outstanding for Company DEF? * 76 3. 95 87 40 O O O O
Managerial Accounting: The Cornerstone of Business Decision-Making
7th Edition
ISBN:9781337115773
Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Chapter15: Financial Statement Analysis
Section: Chapter Questions
Problem 56P: The following selected information is taken from the financial statements of Arnn Company for its...
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