Consider the following financial statement information for the Hop Corporation:ItemInventoryAccounts ReceivableAccounts PayableNet SaleCOGSO 13.44 daysO 20.83 daysWhat is the payable period for Hop Corporation?O 27.16 daysBeginning$16,20014,00011,000O 17.52 days$219,000168,000Ending$19,10016,00014,000

The calculation account payable is important when dealing it with the operating cycle and number of…

Consider the following financial statement information for the Hop Corporation: Item Inventory Accounts Receivable Accounts Payable Net Sale COGS O 13.44 days What is the payable period for Hop Corporation? O 20.83 days O 27.16 days Beginning $16,200 14,000 11,000 O 17.52 days $219,000 168,000 Ending $19,100 16,000 14,000

Consider the following financial statement information for the Hop Corporation: Item Inventory Accounts Receivable Accounts Payable Net Sale COGS O 13.44 days What is the payable period for Hop Corporation? O 20.83 days O 27.16 days Beginning $16,200 14,000 11,000 O 17.52 days $219,000 168,000 Ending $19,100 16,000 14,000

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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Sunland Inc. reports the following: Inventory Accounts Payable End of Year Beginning of Year $24400 $38500 26700 19500 If Cost of Goods Sold for the year is $129000, the amount of cash paid to suppliers is $150300. ○ $112300. ○ $107700. ○ $121800.
The following information is available for Bridgeport Corporation for 2022: Beginning inventory $1,104,000 Ending inventory 1,204,000 Cost of goods sold Sales Inventory turnover 7,731,800 Calculate the inventory turnover and days in inventory for Bridgeport Corporation. (Round inventory turnover to 2 decimal places, e.g. 52.75 and days in inventory to O decimal places, e.g. 5,275.) Days in inventory 7,030,000 times days
The following balance sheet information was provided by Western Company: Assets Cash Accounts receivable Inventory Multiple Choice O 110.6 days Assuming Year 2 net credit sales totaled $132,000, what was the company's average days to collect receivables? Note: Use 365 days in a year. Do not round your intermediate calculations. 52.5 days 55.3 days Year 2 58.1 days $3,200 $21,000 $36,000 Year 1 $2,700 $19,000 $42,000
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The following data were taken from the financial records of Mydorf Company. Net Sales Beginning inventory Purchases Ending inventory (1) Inventory turnover (2) Days in inventory (b) 2022 $6,420,000 940,000 4,340,000 1,020,000 2022 4.8 times 76 days BI UT₂ T² Ix !!! 2021 !!! $6,240,000 860,000 4,661,000 940,000 2021 What conclusions concerning the management of the inventory can be drawn from these data? 5.0 times 73 days 3 99 á T
Consider the following financial statement information: Item Beginning Year Ending Inventory € 9.780 € 11.380 € 4.108 € 4.938 € 7.636 € 7.927 Accounts Receivable Accounts Payable Credit Sales Cost of Goods Sold € 89.804 € 56.384 Calculate the operating and cash cycles. How do you interpret your answer?
The following data were taken from the financial records of Bramble Company. Net Sales Beginning inventory Purchases Ending inventory (a1) Inventory turnover Compute for each year the inventory turnover. (Round answers to 1 decimal place, e.g. 1.6.) eTextbook and Media Save for Later (a2) 2022 $6,440,000 910,000 4,280,000 1,090,000 Days in inventory eTextbook and Media Save for Later 2021 $6,180,000 840,000 4,620,000 910,000 2022 2022 times Compute for each year the days in inventory. (Use 365 days for calculation. Round answers to 1 decimal place, e.g. 1.6.) 2021 days times 2021 Attempts: unlimited Submit Answer days Attempts: unlimited Submit Answer
SCC Company reported the following for the current year: $ 52,000 45,900 2,400 8,400 Net sales Cost of goods sold Beginning balance in inventory Ending balance in inventory Compute (a) Inventory turnover and (b) days' sales in Inventory. Hint Inventory turover uses average Inventory and days' sales in Inventory uses the ending balance in Inventory. Complete this question by entering your answers in the tabs below. Inventory Days Sales In Turnover Inventory Compute the inventory turnover. Numerator: 1 1 1 Inventory Turnover Denominator:
The financial statements of New World, Incorporated, provide the following information for the current year: December 31 January 1 Accounts receivable $ 288,000 $ 391,500 Inventory $ 281,250 $ 267,000 Prepaid expenses $ 73,200 $ 70,500 Accounts payable (for merchandise) $ 259,800 $ 251,550 Accrued expenses payable $ 66,150 $ 79,950 Net sales $ 3,172,500 Cost of goods sold $ 1,672,500 Operating expenses (including depreciation of $64,000) $ 382,500 What is New World's net cash flow from operating activities for the current year?
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