If Cactus, Inc. has annual sales of $83,000, average accounts payable of $30,000, and average accounts receivable of $25,000, Cactus's receivables turnover and average collection period are closest to: Receivables turnover Average collection period A. 2.1 times 174 days B. 3.3 times 110 days C. 4.0 times 91 days

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: ​Gross sales $150,000 ​Accounts receivable, beginning of year $18,000 ​Sales…

A: Accounts receivable is the amount owed to a corporation for goods or services delivered or used but…

Q: What is the receivables turnover?

A: Turnover means the is the amount of sales by the business. It is sometimes called as income of the…

Q: A recent annual report for NPS contained the following data: (dollars in thousands) Previous Year…

A: Accounts Receivable Turnover represents the efficiency of the company to convert its Accounts…

Q: Below are amounts (in millions) from three companies' annual reports. Beginning Accounts Receivable…

A: Receivable turnover ratio measures the collection efficiency of a company. A higher ratio indicates…

Q: Diviney Corporation's net sales and average net trade accounts receivable were $8,710,000 and…

A: Accounts Receivable Turnover = Net Sales/ Avg. Accounts Receivables

Q: Recent financial statements of General Mills, Inc. report net sales of $12,734,750,000. Accounts…

A: The ratio analysis helps to analyze the financial statements of the business on the basis of the…

Q: Take me to the text Sleiger Spa has a net accounts receivable opening balance of $223,000 and and…

A: Given, Sleiger Spa Net accounts receivable opening balance= $223,000. Ending balance= $176,000.…

Q: In 2022, Blossom Company has net credit sales of $1,761,000 for the year. It had a beginning…

A: Account receivable turnover ratio is calculated by the company to check the effectiveness of a…

Q: Need help

A: We calculate Tamarisk's average net accounts receivable by using the formula:Accounts Receivable…

Q: Accounts receivable analysis A company reports the following: Sales $4,560,000 Average…

A: Accounts receivable means the money owed by debtors.

Q: A company reports the following: Sales Average accounts receivable (net) $511,000 73,000 Determine…

A: Sales = 511,000 Average Accounts Receivables (net) = 73,000

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: Assuming 77 percent of sales are on credit, what is the company's days' sales in receivables?

A: Information Provided: Net Income = $191,000 Profit Margin = 9.10% Accounts Receivable = $106,919…

Q: Millennial Manufacturing has net credit sales for 2018 in the amount of $1,453,630, beginning…

A: In this question, we are required to calculate accounts receivable turnover ratio and the number of…

Q: A company computes its accounts receivable turnover to be 20. Based onthis information, find the…

A: Working of the ACP (Average collection Period) is computed below:

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: he following data are for Rocky Company.   Current Year 1 Year Ago Accounts receivable, net $…

A: Accounts Receivable Turnover -Accounts Receivable Turnover Ratio Is a Measures The Number Of Times…

Q: Smart and Smiley Incorporated has an average collection period of 74 days. What is the accounts…

A: Accounts receivable turnover ratio refers to the ratio which describes the period which is consumed…

Q: The following information relates to ReDo Corporation: $28,184,000 $316,199,000 $64,115,000 What is…

A: Receivables collection period is the average time required to receive payment from debtors. It is…

Q: The following Information is from the annual financial statements of Raheem Company. Net sales…

A: The ratio analysis helps to analyse the financial statements of the business. The accounts…

Q: A company reports the following: Sales $1,180,410 Average accounts receivable (net) 56,210…

A: Given: Sales = $1,180,410 Average accounts receivables = $56,210

Q: The financial statements of the Splish Brothers Inc. reports net sales of $360000 and accounts…

A: The average collection period seems to be the length of time it requires for a company to obtain…

Q: y has net sales of 1,630,200 an

A: The accounts receivable turnover ratio,   also known as the debtor’s turnover ratio, is an…

Q: The following information is from the annual financial statements of Raheem Company, Year 2 $335,280…

A: Accounts receivable turnover is calculated by dividing net sales by average accounts receivable. The…

Q: If Cactus, Inc. has annual sales of $83,000, average accounts payable of $30,000, and average…

A: Sales = $83000 Account payable = $30000 Accounts receivable = $25000

Q: From the following information, calculate - 1. Trade receivables turnover ratio 2. Average…

A: Trade receivable turnover ratio: This ratio tells how efficiently an entity is managing its trade…

Q: A company reports the following: Sales $315,360 Average accounts receivable (net) 39,420 Determine…

A: Accounts receivable turnover = ( Net Credit Sales / Average Accounts receivable ) Number of days'…

Q: The Malibu Corporation has annual credit sales of $25 million. The average collection period is 27…

A: Average collection period is the formula which is used for determining the average days will be…

Q: Sheridan Company had net credit sales during the year of $1047750 and cost of goods sold of $484000.…

A: Average Accounts Receivables = (Beginning Accounts Receivables  + Ending Accounts Receivables ) /2 =…

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: Camden Hardware's credit sales for the year were $445,500. Accounts receivable at the beginning and…

A: ACCOUNT RECEIVABLE TURNOVER RATIOAccount Receivable Turnover Ratio is the Ratio between Net Sales…

Q: The financial statements of the Novak Corp. report net sales of $300000 and accounts receivable of…

A: The answer is as fallows

Q: A wants you to calculate its average days in accounts receivable for the year. Its beginning and…

A: Average account receivable = [(Beginning balance - Beginning allowance account) + (Ending balance -…

Q: In 2022, Blossom Company has net credit sales of $1,727,000 for the year. It had a beginning…

A: ACCOUNT RECEIVABLE TURNOVER RATIOAccount Receivable Turnover Ratio is the Ratio between Net Sales…

Q: The Nicholas Company had net sales on account of $6,570,000 during 1998. The beginning and ending…

A: Given the following information: Net credit sales: $6,570,000 Beginning accounts receivables:…

Q: Trout Lumber Yard has a current accounts receivable balance of $440,516. Credit sales for the year…

A: Receivables turnover = Credit sales / Receivables   Days' sales in receivables = 365 days /…

Q: The Carhart Corporation sells on credit terms of net 25. Its accounts are, on average, 8 days past…

A: The amount of money that is owed to a company by its customers for products or services that have…

Q: Below are amounts (in millions) from three companies' annual reports. Beginning Ending Accounts…

A: Accounts receivable are one of the current assets of a company that shows the amount owed by…

Q: A company reports the following: Sales Average accounts receivable (net) Determine (a) the accounts…

A: The account receivable turnover ratio indicates the efficiency of the entity in collecting accounts…

Q: A company reports the following:   Sales $956,300   Average accounts receivable (net) 73,000 Round…

A: Accounts receivable turnover ratio helps stakeholders to identify that how company are managing…

Q: Flying Tigers, Inc., has net sales of $762,000 and accounts receivables of $154,000. What is the…

A: The amount owing to a business by its customers or clients for products sold or services provided on…