Based on the following data for the current year, what is the number of days' sales in receivables (rounded to one decimal place)? Assume 365 days a year. Sales on account during year $528,172 Cost of merchandise sold during year 163,114 Accounts receivable, beginning of year 46,257 Accounts receivable, end of year 46,750 Merchandise inventory, beginning of year 87,979 Merchandise inventory, end of year 112,127

Q: Tripod Company makes all sales on account. During the current year, Tripod has an average accounts…

A: Accounts receivable turnover is calculated by dividing the Net credit sales by the Average accounts…

Q: The following information is taken from the annual report of Coca-Cola Enterprises, Inc.: (amounts…

A: Accounts receivable turnover is calculated by dividing the Net credit sales by the Average accounts…

Q: A company reports the following: Sales $399,675 Average accounts receivable (net) 54,750 Determine…

A: Accounts receivable turnover is computed by dividing the sales with the average accounts receivable…

Q: Accounts Receivable Turnover and Average Collection Period Verne Corporation disclosed the following…

A: Account receivable turnover ratio is a liquidity ratio. It is also called debtor's turnover ratio.…

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A: Given information is: Net credit Sales = $807,800 Beginning Account Receivables = $67,400 Ending…

Q: Determining Gross Profit During the current year, merchandise is sold for $11,750,000. The cost of…

A: a. Calculate gross profit: Gross profit = Sales - Cost of goods sold Gross profit = $11,750,000 -…

Q: Accounts Receivable Analysis A company reports the following: Sales $562,100 Average accounts…

A: A company's accounts receivable turnover may be defined as the number of times in a given year that…

Q: Based on the following data for the current year, what is the inventory turnover (rounded to one…

A: Avergae inventory=Merchandise inventory, beginning of the year+Merchandise inventory, end of…

Q: Based on the following data for the current year, what is the number of days' sales in inventory?…

A: Inventory turnover ratio is a ratio which determines how efficiently and effectively the inventory…

Q: From the following particulars, determine Trade Receivables at the end of the year Credit Revenue…

A: We are required to determine Trade Receivable at the end of the year. Which is given in following…

Q: Based on the following data for the current year, what is the number of days' sales in inventory…

A: Average Inventory = (Inventory, beginning of year + Inventory, end of year) / 2 Average Inventory =…

Q: A company reports the following:   Cost of goods sold $4,788,800   Average inventory 292,000 Round…

A: Inventory turnover = Cost of goods sold / Average inventory where, Average inventory  = (Beginning…

Q: Based on the following data for the current year, what is the number of days' sales in inventory?…

A: Days sales in inventory = 365/(cost of goods sold/Average inventory)  Average inventory = (Opening…

Q: ccounts Receivable Analysis: A company reports the following Sales $649,700 64,970 Average accounts…

A: Ratio analysis: It is a method used to measure the liquidity, profitability, efficiency of the…

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: Accounts Receivable and Inventory Turnover Use the following information to respond to the questions…

A: Ratio analysis helps to analyze the financial statements of the company. The management can take…

Q: What is the number of days’ sales in receivables?  Round to one decimal place. Group of answer…

A: Number of days' in receivables Days Sales Outstanding (DSO) represents the average number of days it…

Q: he companative financal satements of Mara Inc. ane a follows. The markt prie of Marshal comman stock…

A: Financial Ratios- A financial ratio or accounting ratio is a relative scale of two selected…

Q: Allgood Pet Supplies reported net credit sales of $3,200,000 and cost of goods sold of $2,600,000…

A: Accounts receivable turnover rate is the ratio between between credit sales and average accounts…

Q: accounts receivable turnover ratio and the number of days' sales in receivables ratio

A: Accounts receivable turnover ratio = Net credit sales/Average accounts receivable

Q: company reports the following:   Cost of goods sold $4,445,700   Average inventory 255,500 Determine…

A: Lets understand the basics. Inventory turnover ratio is a ratio which indicates how many time…

Q: Based on the following data, what is the accounts receivable turnover? Sales on account during year…

A: Accounts receivable turnover is the ratio of average accounts receivable divided by net credit sales…

Q: A company reports the following: Cost of goods sold $585,825 Average inventory 78,110…

A: Inventory turnover ratio: This is a financial measure that is used to evaluate as to how many times…

Q: During the current year, merchandise is sold for $366,100 cash and $1,420,000 on account. The cost…

A: Revenue (Cash) = 366,100 Revenue (Credit) = 1,420,000 Total Revenue = Cash Revenue + Credit Revenue…

Q: Millennial Manufacturing has net credit sales for 2018 in the amount of $1,483,630, beginning…

A: Account receivable turnover ratio: =  Net credit sales / Average account receivable Sales in…

Q: A company reports the following: Cost of merchandise sold $207,320 Average merchandise inventory…

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

Q: Millennial Manufacturing has net credit sales for 2018 in the amount of $1,463,630, beginning…

A: Accounts receivable turnover ratio = Net Credit sales / Average accounts receivables Sales in…

Q: The following are ABM Store's year-end balances of selected accounts: Cash, P200,000.00; Sales,…

A: Net Sales = Sales - Sales Discount Gross Profit = Net Sales - Cost of Goods sold Net Income = Gross…

Q: During the current year, merchandise is sold for $366,100 cash and $1,420,000 on account. The cost…

A: Gross margin (gross profit): Gross margin is the amount of revenue earned from goods sold over the…

Q: Simon Company’s year-end balance sheets follow. (1) Express the balance sheets in common-size…

A: Common size financial statements: These are the financial statements in which all the items are…

Q: Based on the following data for the current year, what is the number of days' sales in inventory?…

A: Days sales inventory It is  an estimation of the typical number of days or time expected for a…

Q: Gross Profit During the current year, merchandise is sold for $21,100 cash and $341,700 on account.…

A: Gross profit is calculated by deducting the cost of sales from the total sales value. The gross…

Q: what is the number of days' sales in inventory

A: number of days' sales in inventory =(Ending Inventory/Cost of Goods Sold )X 365 days

Q: A company reports the following: Line Item Description Amount Cost of goods sold $2,007,500 Average…

A: Solution:a.   Inventory turnover = Cost of good sold / Average inventory…

Q: Based on the following data, what is the accounts receivable turnover? Line Item Description…

A: The objective of the question is to calculate the accounts receivable turnover based on the given…

Q: A company reports the following: Sales $1,460,000 Average accounts receivable (net) 100,000…

A: a. Accounts receivable turnover = Net sales / average accounts receivable Accounts receivable…

Q: Using the following data for the current year, determine the accounts receivable turnover. Net…

A: Accounts Receivable Turnover = Net Sales/ Average Accounts Receivables

Q: During the current year, merchandise is sold for $158,900 cash and $434,900 on account. The cost of…

A: Gross profit = Total sales - Cost of merchandise sold.

Q: The financial statements of the Sunland Company report net sales of $384000 and accounts receivable…

A: Accounts receivable turnover ratio = Net credit sales / Average Accounts Receivables where, Average…

Q: compute number of days sales in receivables round your calculation and answer assume 365 days ina…

A: Accounts receivables are the combination of the debtors and the bills receivable. The Accounts…

Q: A company reports the following: Cost of merchandise sold               $3,120,750 Average…

A: Ratio analysis is a method of measuring the financial position of the organization with different…

Q: During the current year, merchandise is sold for $62,740 cash and for $85,360 on account. The cost…

A: Gross Profit - Gross Profit is the profit earned on the inventory sold to customers. It is…

Q: Use the following information to complete the calculations below. Cost of goods sold $195,640…

A: Inventory is one of the essential parts of an organisation. In the balance sheet, it is classified…