In the table below, info for four companies is given: Company AR Turnover Avg Collection Period Falcon 14.25 25.61 NovaCare 13.10 26.60 Green byte 12.00 30.40 Vector Works 13.50 27.00 Industry Avg 12.75 26.75 If Vector Works' net credit sales are $810,000, what are its average net accounts receivable? A) $55,000 B) $60,000 C) $65,000 D) $72,000

In the table below, info for four companies is given: Company AR Turnover Avg Collection Period Falcon 14.25 25.61 NovaCare 13.10 26.60 Green byte 12.00 30.40 Vector Works 13.50 27.00 Industry Avg 12.75 26.75 If Vector Works' net credit sales are $810,000, what are its average net accounts receivable? A) $55,000 B) $60,000 C) $65,000 D) $72,000

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter6: Merchandising Transactions

Section: Chapter Questions

Problem 19Q: The following is select account information for Sunrise Motors. Sales: $256,400; Sales Returns and...

See similar textbooks

Similar questions

Last year, Nikkola Company had net sales of 2.299.500,000 and cost of goods sold of 1,755,000,000. Nikkola had the following balances: Refer to the information for Nikkola Company above. Required: Note: Round answers to one decimal place. 1. Calculate the average accounts receivable. 2. Calculate the accounts receivable turnover ratio. 3. Calculate the accounts receivable turnover in days.
The following is select account information for August Sundries. Sales: $850,360; Sales Returns and Allowances: $148,550; COGS: $300,840; Operating Expenses: $45,770; Sales Discounts: $231,820. If August Sundries uses a multi-step income statement format, what is their gross margin?
Tutor please provide answer
Use table information to get answer
I need answer of this question general accounting
Need Help
???!!
Accounting solution
Please answer the following requirements on these general accounting question
The following financial results are shown for Smith, Inc. and Jones, Inc. RatiosSmith, Inc.Jones, Inc.Current ratio2.31.9Acid test ratio1.2.9Accounts receivable turnover8.4 times6.8 timesInventory turnover4.7 times3.1 timesDays sales in inventory64 days799 daysDays sales uncollected34.2 days39.7 daysProfit margin ratio3.2% 4.8% Total asset turnover1.11.8 Return on common stockholder' equity 4.6 %6.1% Price earnings ratio18.310.7Dividend yield.89%.90Debt ratio.62.47Times interest earned2.6 times6.2 times From the above financial data, prepare two separate memos. In the first memo, determine which of the two companies would be the better short-term credit risk and explain why. In the second memo, determine which of the two companies the better investment is and explain why. Your explanations must mention the exact ratios and numbers compared to support your choice. ******Answers and memos must be logically written and no grammatical errors.******* Memo #1: The company I selected as the…
Get correct answer accounting
Provide this question solution general accounting