Answered: Dawson Enterprises has accounts…

Dawson Enterprises has accounts receivable of $27,500, total assets of $289,800, cost of goods sold of $195,250, and a capital intensity ratio of 1.05. What is the accounts receivable turnover rate?

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 6MCQ

See similar textbooks

Related questions

Q: One year ago, you purchased 500 shares of Summit Tech Corp. stock at a price of $10.50 per share.…

A: To calculate the total percentage return on your investment, the formula:Total Return (%)=((Capital…

Q: None

A: Step 1: Define Annual Depreciation ExpenseAnnual Depreciation Expense refers to the systematic…

Q: Given the solution and accounting

A: Step 1: Define Components of receivables accountComponents of the receivables account denote the…

Q: What is the correct answer general Accounting? ?

A: Step 1: Define Accounts Receivable Turnover RatioThe Accounts Receivable Turnover Ratio measures how…

Q: Answer? ? General Accounting

A: Step 1: Define Comprehensive Income ImpactComprehensive income includes net income and other…

Q: general accounting final

A: Step 1: Definition of PensionA pension is a retirement benefit received periodically (e.g., monthly…

Q: Don't Use Ai

A: Net Income = Sales * Profit MarginNet Income = 24,300,000*8.20%Net Income = $1,992,600 Return on…

Q: Sub general accounting

A: Step 1: Calculation of Percentage increase in OutputOutput has increased from 48,000 units to…

Q: Financial Accounting need help this question

A: Step 1:First calculate the average accounts receivable: Average accounts receivable = (Beginning…

Q: FOr the love of god please help.

A: Given:Total income since incorporation = $286,000Total cash dividends paid = $58,000Total value of…

Q: Need answer please

A: Explanation of Manufacturing Overhead:Manufacturing overhead consists of all indirect costs incurred…

Q: Return on assets general accounting

A: Step 1: Define Return On AssetsReturn on assets (ROA) indicates how much income is generated on a…

Q: You just purchase a share of Apple for $150. You expect to receive a dividend of $12 in one year. If…

A: Total Return = (Closing Price - Beginning Price + Dividends) / Beginning PriceTotal Return =…

Q: What amount would the company record the land accounting question

A: Step 1: Define Fixed AssetsA fixed asset can be defined as a valuable a company uses in the…

Q: cash flow for this project answer

A: Step 1: Definition of Straight-Line DepreciationStraight-line depreciation is a method where an…

Q: What Nova's net sale of the general accounting question?

A: Step 1: Define Net SalesNet Sales refers to the total revenue from sales after deducting sales…

Q: Quick answer of this General accounting questions

A: Step 1:The cost of assets includes the purchase price of the assets and the additional cost incurred…

Q: What is the firm's degree of leverage?

A: Total Revenue = Selling Price per Unit * Units SoldTotal Revenue = $140 * 210Total Revenue = $29,400…

Q: final answer general accounting

A: Step 1: Definition of OverheadsOverheads refer to indirect costs that are not directly traceable to…

Q: Please provide answer this financial accounting question

A: Step 1:The net working capital is the amount that is available to manage expenses of day-to-day…

Q: Give this question general accounting

A: Dollar Markup: The difference between the selling price and the cost price of a product. It…

Q: Compute the Total assets turnover

A: Total Asset Turnover is a financial ratio that measures a company's ability to generate sales from…

Q: Please provide problem with accounting question

A: Step 1: Define Total SalesA company's total sales equals the sum of the cash sales and credit sales.…

Q: 4 POINTS

A: Step 1: Given Value for Calculation Principal Amount = p = $180,000Interest Rate = r = 8%Time = t =…

Q: What is the ending total assets balance?

A: Explanation of Net Sales:Net sales refer to the total revenue a company generates from selling goods…

Q: Assume the cost of capital is 13 percent

A: 1. Calculate the total return:Total return = Cash inflow - Initial investmentTotal return = $660,000…

Q: How much is the net working capital of this general accounting question?

A: Step 1: Introduction to ratio analysisRatio analysis is a method used to analyze financial…

Q: How much wage expense should be accrued on Wednesday?

A: Step 1: Define Accrued ExpensesAccrued expenses are liabilities that are assumed by the companies…

Q: financial accounting a

A: Step 1: Definition of Cash FlowCash flow represents the net amount of cash being transferred into…

Q: what will be the after-tax income? general accounting

A: Step 1: Definition of Net Income (After-Tax Income)After-tax income is the portion of revenue…

Q: Please give me true answer this financial accounting question

A: Step 1: Definition of Price-to-Earnings (P/E) RatioThe Price-to-Earnings (P/E) Ratio is a financial…

Q: Hello teacher provide answer

A: Step 1: Definition of Current Earnings and Profits (E&P)Current Earnings and Profits (E&P)…

Q: Calculate the gross profit ratio

A: Step 1: Identify the formula for Gross Profit RatioStep 2: Extract the given dataStep 3: Plug the…

Q: Calculate stricklers cash conversion cycle? General accounting

A: Step 1: Days inventory outstanding Days inventory outstanding = 365 days/Inventory turnoverDays…

Q: need help this question

A: Step 1: Definition of Average Collection PeriodAccounts receivable represent the credit sales made…

Q: Hy expert please given answer

A: To calculate the total liabilities associated with the bond issue as of December 31, Year 1, we need…

Q: Margin % this year investment opportunity?

A: Return on Investment (ROI) Calculation:1. Contribution Margin = Sales × Contribution Margin Ratio *…

Q: this project ans

A: The question requires the determination of the initial cash flow of investment. In finance, the…

Q: General Accounting

A: Step 1: To get the annual depreciation expense we determine the cost of the equipment, salvage…

Q: General accounting

A: Step 1: Define Manufacturing overheadManufacturing overhead comprises all costs caused within the…

Q: Please need answer the general accounting question

A: Step 1: Define Fixed Manufacturing Overhead Budget VarianceThe Fixed Manufacturing Overhead Budget…

Q: Degree of opereting leverage provide answer

A: Approach to solving the question:Freeform Detailed explanation: Understanding the Degree of…

Q: Mosco Industries manufactures a single product and follows a JIT policy where ending inventory must…

A: Explanation of Just-In-Time (JIT) Policy: JIT is an inventory management strategy that aims to…

Q: Accounting question

A: Step 1: Define High-Low MethodThe high-low method determines the variable cost per unit (which…

Q: What is the amount of budgeted direct Labor cost

A: Explanation of Direct Labor:Direct labor refers to the time and effort spent by employees directly…

Q: Samo Co

A: Concept of Direct MaterialsDirect Materials are the raw materials that are directly used in the…

Q: According expert need your help general Accounting

A: Step 1: Define Return on Assets (ROA)Return on Assets (ROA) measures a company's efficiency in…

Q: none

A: Step 1: Formula Basis: Machine hoursApplied manufacturing overhead = Predetermined overhead rate x…

Q: The Aakash Company forecasts that total overhead for the current year will be $17,000,000 and total…

A: Concept of Predetermined Overhead RateThe predetermined overhead rate is a calculation used by…

Q: 5 PTS

A: Explanation of Current Ratio: Current ratio is a liquidity measure that compares a company's current…

Question

What is the accounts receivable turnover rate of this financial accounting question?

Dawson Enterprises has accounts receivable of $27,500,
total assets of $289,800, cost of goods sold of $195,250,
and a capital intensity ratio of 1.05. What is the accounts
receivable turnover rate?

Expert Solution

This question has been solved!

Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.

SEE SOLUTION Check out a sample Q&A here

Step by step

Solved in 2 steps

SEE SOLUTION Check out a sample Q&A here

Similar questions

What is the accounts receivable turnover rate on these accounting question?
What is the receivable turnover ratio?
What is the accounts receivable turnover for techno ware inc. Of this general accounting question?
The balance sheet and income statement for the J. P. Robard Mfg. Company are as follows: Calculate the following ratios: Current ratio Times interest earned Inventory turnover Total asset turnover Operating profit margin Operating return on assets Debt ratio Average collection period Fixed asset turnover Return on equity J. P. Robard Mfg., Inc. Balance Sheet ($000) Cash $550 Accounts receivable 2,100 Inventories 1,060 Current assets $3,710 Net fixed assets 4,520 Total assets $8,230 Accounts payable $1,200 Accrued expenses 610 Short-term notes payable 280 Current liabilities $2,090 Long-term debt 2,000 Owners' equity 4,140 Total liabilities and owners' equity $8,230 J. P. Robard Mfg., Inc. Income Statement ($000) Net sales (all credit) $7,940 Cost of goods sold 3,310 Gross Profit $4,630 Operating expenses (includes $500 depreciation) 3,050 Net operating income $1,580 Interest expense 368 Earnings before taxes $1,212 Income taxes (40%) 485 Net income $727
The balance sheet and income statement for the J. P. Robard Mfg. Company are as follows: LOADING... . Calculate the following ratios: Current ratio Times interest earned Inventory turnover Total asset turnover Operating profit margin Operating return on assets Debt ratio Average collection period Fixed asset turnover Return on equity J. P. Robard Mfg., Inc. Balance Sheet ($000) Cash $500 Accounts receivable 1,900 Inventories 1,020 Current assets $3,420 Net fixed assets 4,540 Total assets $7,960 Accounts payable $1,150 Accrued expenses 570 Short-term notes payable 260 Current liabilities $1,980 Long-term debt 1,910 Owners' equity 4,070 Total liabilities and owners' equity $7,960 (Click on the icon in order to copy its contents into a spreadsheet.) J. P. Robard Mfg., Inc. Income Statement ($000) Net sales (all credit) $8,040 Cost of goods…
A company has net sales of $489,600 and average accounts receivable of $40,800. What is its accounts receivable turnover? a. 0.08 c. 1,341.00 e. 111.78 b. 30.41 d. 12.00
Need answer the accounting question
What is the correct answer general Accounting? ?
Please provide this question answer general accounting
Accounting
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.
I need this question answer general Accounting