The accounts receivable turnover rate for Tiger Uniform has gone from an average of 141 times to 15.6 times per year How has this change affected the firm's accounts receivable period?

Q: ABCD Corporation has credit sales of $8,460,000 and receivables of $1,260,000. Assume there are 365…

A: Ratio analysis is one of useful technique used. Under this, various calculations are done on…

Q: A firm had credit sales of $15,750,000 last year and its days sales outstanding was 65 days.  What…

A: Given, Credit sales = $15,750,000. Days sales outstanding = 65 days.

Q: Marston Company has outstanding accounts receivable totaling €7.5 million as of December 31 and…

A: Lets understand the basics.Allowance for doubtful accounts shows the amount of receivables that are…

Q: Assume the credit terms offered to your firm by your suppliers are 4/20, net 50. Calculate the cost…

A: Hi student Since there are multiple questions, we will answer only first question. If you want…

Q: McDowell Industries sells on terms of 4/10, net 40. Total sales for the year are $825,500. Thirty…

A: Discounted customers=15×30%=4.5 days

Q: ABCD Corporation has credit sales of $10,290,000 and receivables of $1,560,000. Assume there are 365…

A: In this we have to calculate the receivable turnover ratio using the formula.

Q: What is the firm's cash (conversion) cycle?

A: Information provided: Inventory Conversion Period = 38 days Receivables Collection Period = 19 days…

Q: To increase its sales, a company decides to increase its credit terms from 15 to 30 days. What…

A: Receivable turnover=Total credit saleAverage receivables  Days sales uncollected=Average…

Q: Which one of the following statements is correct if a firm has a receivables turnover of 10? It…

A: In this question, we are required to determine the correct statement related to receivables turnover…

Q: Your company had net sales of $100,000 over the past year. One quarter of the sales were credit…

A: Net Sales = 100,000 One quarter were credit sales Credit Sales = Net Sales / 4 = 100,000 / 4 =…

Q: What relationship exists between the average collection period and accounts receivable turnover?…

A: Introduction:- Accounts receivable turnover ratio tells the number of times a company collects its…

Q: The "age" of an account receivable is the length of time that it has been outstanding. At the end of…

A: Accounts receivables is the current asset that represents the money which is to be received by…

Q: Ingraham Inc. currently has $525,000 in accounts receivable, and its days sales outstanding (DSO) is…

A: The objective of this question is to calculate the new level of accounts receivable for Ingraham…

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: Medwig Corporation has a DSO of 27 days. The company averages $9,750 in sales each day (all…

A: The objective of the question is to calculate the average accounts receivable of Medwig Corporation…

Q: Medwig Corporation has a DSO of 21 days. The company averages $9,250 in sales each day (all…

A: Ratio analysis used identify the business performance of the company. It is used to measure…

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: La Resolana, S.A., has credit sales of $180,000 per year, with net payment terms of 30 days, which…

A: Accounts receivables are the current assets of the company which arises due to sale made on credit…

Q: The Caccamisse Corporation has annual credit sales of $35 million. The average collection period is…

A: Sales are made on cash and credit basis. The amount to be collected from sales made on credit basis…

Q: If a firm has sales of $21,752,000 a year, and the average collection period for the industry is 45…

A: Average collection period refers to the number of days a company takes to receive the outstanding…

Q: ABCD Corporation has credit sales of $12,690,000 and receivables of $1,970,000. Assume there are 365…

A: Question is based on the concept of Financial ratios

Q: The “age” of an account receivable is the length of time that it has been outstanding. At the end of…

A: Accounts receivable aging is the process of distinguishing open accounts receivable based on the…

Q: Video Shack’s accounts receivable decreases during the year by $9 million. What is the amount of…

A: Accounts receivable: Accounts receivable refers to the amounts to be received within a short period…

Q: Accounts receivable management This table, , shows that Blair Supply had an end-of-year accounts…

A: It is the time taken to convert the accounts receivable into cash. The lower the ratio, the company…

Q: ABC Company's Days Sales Outstanding (DSO) has increased from 20.3 days to 33.7 days this year,…

A: Days Sales outstanding = (Accounts Receivable / Credit Sales)  *365

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…

Q: Suppose the 2022 financial statements of 3M Company report net sales of $23.1 billion. Accounts…

A: The accounts receivable turnover ratio determines the efficiency of the collection from its accounts…

Q: During its first year of operations, Fertig Company had credit sales of $3,000,000, of which…

A: Ratio analysis is a powerful tool used by businesses, investors, and financial analysts to evaluate…

Receivables Management