Assume that a company has an accounts receivable turnover ratio equal to 8. What is its number of days' sales in receivables?
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what is its number of days sales in receivables ?
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- What is accounts payable turnover?a. Purchases on account divided by average accounts payableb. A measure of liquidityc. A measure of the number of times a year a company is able to pay its accounts payabled. All of the listed answers are correct.Which of the following calculations of receivable turnover is correct? A. Number of days in the year divided by receivable turnover. B. Net sale on account divided by average receivables. C. Cost of goods sold divided by average inventory. D. Net income divided by net sales.Which ratio measures the number of times the receivables are rotated in a year in terms of sales? [A] stock turnover ratio [B] debtors turnover ratio [C] creditors velocity ratio [D] working capital turnover ratio
- INSTRUCTIONS Determine the following measures for both 20Y8 and 20Y9, rounding percentages and ratios other than per-share amounts to one decimal place. Briefly explain how or why management would use this information and comment on the trend from 20Y8 and 20Y9. Working capital Current ratio Quick ratio Accounts receivable turnover Number of days’ sales in receivables Inventory turnover Number of days’ sales in inventory Ratio of fixed assets to long-term liabilities Ratio of liabilities to stockholders’ equity Times interest earned Asset turnover Return on total assets Return on stockholders’ equity Return on common stockholders’ equity Earnings per share on common stock Price-earnings ratio Dividends per share Dividend yieldDividing annual Sales by Turnover will give: a.Stock-to-Sales Ratio b. Average Monthly Sales. c.AverageSstock d.Basic Īnventory. e.markup%What is the ratio that measures the number of days on average the company takes to turn its inventory into sales? Days sales outstanding Days inventory outstatnding Days payable outstatnding Days order outstanding
