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Learning Task 8 A. Directions: Below is the summarized financial information of Redz Company. Compute the following. 1. Average Inventory 2. Average Receivable 3. Average Payable

Learning Task 8 A. Directions: Below is the summarized financial information of Redz Company. Compute the following. 1. Average Inventory 2. Average Receivable 3. Average Payable

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Learning Task 8 A. Directions: Below is the summarized financial information of Redz Company. Compute the following. 1. Average Inventory 2. Average Receivable 3. Average Payable 4. Inventory Turnover Ratio 5. Days of Inventories 6. Receivables Turnover Ratio 7. Days of Receivable 8. Payables Turnover Ratio 9. Days of Payable 10. Operating Cycle Accounts Beginning Php 2,000,000.00 Php 1,150,000.00 Php 500,000.00 Php 10,000,000.00 Php 6,500,000.00 Ending Php 3,100,000.00 Php 2,000,000.00 Php 1800,000.00 Inventory Accounts Receivable Accounts Payable Net Sales Cost of Goods Sold
Transcribed Image Text:Learning Task 8 A. Directions: Below is the summarized financial information of Redz Company. Compute the following. 1. Average Inventory 2. Average Receivable 3. Average Payable 4. Inventory Turnover Ratio 5. Days of Inventories 6. Receivables Turnover Ratio 7. Days of Receivable 8. Payables Turnover Ratio 9. Days of Payable 10. Operating Cycle Accounts Beginning Php 2,000,000.00 Php 1,150,000.00 Php 500,000.00 Php 10,000,000.00 Php 6,500,000.00 Ending Php 3,100,000.00 Php 2,000,000.00 Php 1800,000.00 Inventory Accounts Receivable Accounts Payable Net Sales Cost of Goods Sold
Learning Task 8 A. Directions: Below is the summarized financial information of Redz Company. Compute the following. 1. Average Inventory 2. Average Receivable 3. Average Payable 4. Inventory Turnover Ratio 5. Days of Inventories 6. Receivables Turnover Ratio 7. Days of Receivable 8. Payables Turnover Ratio 9. Days of Payable 10. Operating Cycle Accounts Beginning Php 2,000,000.00 Php 1,150,000.00 Php 500,000.00 Php 10,000,000.00 Php 6,500,000.00 Ending Php 3,100,000.00 Php 2,000,000.00 Php 1800,000.00 Inventory Accounts Receivable Accounts Payable Net Sales Cost of Goods Sold
Transcribed Image Text:Learning Task 8 A. Directions: Below is the summarized financial information of Redz Company. Compute the following. 1. Average Inventory 2. Average Receivable 3. Average Payable 4. Inventory Turnover Ratio 5. Days of Inventories 6. Receivables Turnover Ratio 7. Days of Receivable 8. Payables Turnover Ratio 9. Days of Payable 10. Operating Cycle Accounts Beginning Php 2,000,000.00 Php 1,150,000.00 Php 500,000.00 Php 10,000,000.00 Php 6,500,000.00 Ending Php 3,100,000.00 Php 2,000,000.00 Php 1800,000.00 Inventory Accounts Receivable Accounts Payable Net Sales Cost of Goods Sold
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