If the accounts receivable turnover is 42 days, what is the account receivable turnover ratio?

Q: Captain Kurt's Enterprises has a receivables turnover rate of 12.8, a payables turnover rate of…

A: The operating cycle is the average time it takes a company to convert its inventory into cash. It…

Q: The following information is from the annual financial statements of Raheem Company. Year 3 Year 2…

A: Account receivable turnover measures the number of times the company collects its account…

Q: A company reports the following Infommation for the year. Net credit sales $110,000 12,000 98,000…

A: Receivables turnover Ratio: The receivable turnover ratio is a kind of measuring ratio how the is…

Q: Need help

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

Q: Determine the following measures for 20Y2, rounding to one decimal place including percentages,…

A: Since you have posted a question with multiple sub-parts, we will solve first three subparts for…

Q: A firm has $400,000 in credit sales and $100,000 in accounts receivable.Compute accounts receivable…

A:

Q: We have offered to contribute $6,200 at the time of your purchase. The car plan to buy will cost…

A: Annuity means a series of finite number of payments which are the same in size and occur in the same…

Q: Year 3 Year 2 Year 1 $ 350,000 24,900 $ 403,000 21, 600 Net sales $ 419,000 27, 100 Accounts…

A:

Q: A company has a receivables turnover ratio of 12. The average gross accounts receivable during the…

A: Accounts Receivable Turnover Ratio is the ratio calculated by dividing the net sales to the average…

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: Your company has net sales of $468,300 and average net receivables of $111,500 for the year. Which…

A: Step 1 Receivables Turnover Ratio =Net Sales / Average Accounts Receivables Average days to collect=…

Q: La Reina de Oriente, S.A., a company that sells sausages, knows that it pays its suppliers 10 times…

A: “Hi There, thanks for posting the question. But as per Q&A guidelines, we must answer the first…

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: 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 firm has $375,000 in credit sales and $135,000 in accounts receivable. Compute the average number…

A: Average number of collection days = 365 days / Average receivable turnover ratio Average receivable…

Q: accounts receivable turno ratio of a company is 2, annual credit sales IS $ nat is the average…

A: Given, Accounts receivable turnover = 2 Annual credit sales = $719550

Q: The following data are taken from the financial statements of Blossom Company, Accounts receivable…

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

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: What is the receivales turnover and what is the average collection period (days sales outstanding) ?

A: Information Provided: Credit sales = $10,640,000 Receivables = $1,520,000

Q: A firm has the following accounts; current liabilities = $30,000,000, sales = $245,000,000. The firm…

A: Here,CurrentRatio is 1.76 timesInventory Turnover Period is 15.5 timesAverage Collection Period is…

Q: A company has net income of $184,000, a profit margin of 8.5 percent, and an accounts receivable…

A: Profit margin=Net income/SalesHence sales=(184000/0.085)=$2164705.88

Q: Company Abel has total sales of $375,000, of which, $125,000 represents cash sales. Its annual…

A: Accounts receivable is the amount of money not paid by customers that is due to the organization for…

Q: ABC's sales for this year were $32,250,000 and the Accounts Receivable Turnover Ratio was 15.5. Next…

A: Given, ABC's sales for this year were $32,250,000  &  Accounts Receivable Turnover Ratio was…

Q: Vikrambhai

A: The objective of the question is to calculate the company's average collection period. The average…

Q: Michaels Corp. has a current accounts receivable balance of $623,410. Credit sales for the year just…

A: Introduction: Accounts receivable turnover is the number of times a year that a business pays its…

Q: A firm has an ACP of 38 days and its annual sales are $5.3 million. What is its account receivable…

A: The average collection period is a measure of the time it takes for a company to receive payment…