B. Last year, Nikkola Company had net sales of P2,299,500, and cost of goods sold of P1,755,000. Nikkola had the following balances: Accounts Receivable Inventories January 1 P142,650,000 54,374,200 December 31 P172,350,000 62,625,800 Required: (Round answers to one decimal place) 1. Calculate the Average Accounts Receivable 2. Calculate the accounts receivable turnover ratio 3. Calculate the accounts receivable turnover in days (days sales in receivable or average collection period) 4. Calculate the average inventory 5. Calculate the average inventory ratio 6. Calculate the inventory turnover in days 7. Based on these ratios, does Nikkola appear to be performing well or poorly?

B. Last year, Nikkola Company had net sales of P2,299,500, and cost of goods sold of P1,755,000. Nikkola had the following balances: Accounts Receivable Inventories January 1 P142,650,000 54,374,200 December 31 P172,350,000 62,625,800 Required: (Round answers to one decimal place) 1. Calculate the Average Accounts Receivable 2. Calculate the accounts receivable turnover ratio 3. Calculate the accounts receivable turnover in days (days sales in receivable or average collection period) 4. Calculate the average inventory 5. Calculate the average inventory ratio 6. Calculate the inventory turnover in days 7. Based on these ratios, does Nikkola appear to be performing well or poorly?

Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

Section: Chapter Questions

Problem 1PS

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