The following data was taken from the production and accounting records for Casuccio Manufacturing, Inc. Operating Data Capacity in units Production in units. Inventory in units Financial Data ($000) Total revenues Total assets Accounts receivable, net Bad debt expense Accounts receivable written off 1. Sales to total assets. Unaudited 2023 2. Sales to production. Audited 2022 Audited 2021 450,000 450,000 450,000 450.000 400,000 300,000 32,000 28,000 21,000 Calculate the following ratios for 2023, 2022, and 2021: (Round Uncollectible accounts expense to net credit sales to 4 decimal places, e.g. 15.2571 and other answers to 2 decimal places, e.g. 15.25.) $35,200 $27,500 $21,200 $23,000 $19,500 $15,700 $5,900 $4,300 $3,900 $175 $135 $105 $165 $125 $100 3. Revenue per unit sold. 4. Accounts receivable growth to sales growth. 5. Uncollectible accounts expense to net credit sales. 6. Uncollectible accounts expense to accounts receivable written off. 7. Accounts receivable turnover in days. Unaudited 2023 $ $ $ Audited 2022 $ $ $ Audited 2021 $ $ $
The following data was taken from the production and accounting records for Casuccio Manufacturing, Inc. Operating Data Capacity in units Production in units. Inventory in units Financial Data ($000) Total revenues Total assets Accounts receivable, net Bad debt expense Accounts receivable written off 1. Sales to total assets. Unaudited 2023 2. Sales to production. Audited 2022 Audited 2021 450,000 450,000 450,000 450.000 400,000 300,000 32,000 28,000 21,000 Calculate the following ratios for 2023, 2022, and 2021: (Round Uncollectible accounts expense to net credit sales to 4 decimal places, e.g. 15.2571 and other answers to 2 decimal places, e.g. 15.25.) $35,200 $27,500 $21,200 $23,000 $19,500 $15,700 $5,900 $4,300 $3,900 $175 $135 $105 $165 $125 $100 3. Revenue per unit sold. 4. Accounts receivable growth to sales growth. 5. Uncollectible accounts expense to net credit sales. 6. Uncollectible accounts expense to accounts receivable written off. 7. Accounts receivable turnover in days. Unaudited 2023 $ $ $ Audited 2022 $ $ $ Audited 2021 $ $ $
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
Do not give image format
Transcribed Image Text:The following data was taken from the production and accounting records for Casuccio Manufacturing, Inc.
Operating Data
Capacity in units.
Production in units
Inventory in units
Financial Data ($000)
Total revenues
Total assets
Accounts receivable, net
Bad debt expense
Accounts receivable written off
1. Sales to total assets.
Unaudited Audited
2023
2022
2. Sales to production.
Audited
2021
450,000 450,000 450,000
450,000 400,000 300,000
32,000 28,000 21,000
Calculate the following ratios for 2023, 2022, and 2021: (Round Uncollectible accounts expense to net credit sales to 4 decimal places, e.g. 15.2571 and other answers to 2 decimal places, e.g. 15.25.)
$35,200 $27,500 $21,200
$23,000 $19,500 $15,700
$5.900 $4,300 $3,900
$135 $105
$175
$165 $125 $100
3. Revenue per unit sold.
4. Accounts receivable growth to sales growth.
5. Uncollectible accounts expense to net credit sales.
6. Uncollectible accounts expense to accounts receivable written off.
7. Accounts receivable turnover in days.
Unaudited
2023
$
$
$
Audited
2022
$
$
$
Audited
2021
$
$
$
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
This is a popular solution!
Trending now
This is a popular solution!
Step by step
Solved in 3 steps with 2 images
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.Recommended textbooks for you
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Horngren's Cost Accounting: A Managerial Emphasis…
Accounting
ISBN:
9780134475585
Author:
Srikant M. Datar, Madhav V. Rajan
Publisher:
PEARSON
Intermediate Accounting
Accounting
ISBN:
9781259722660
Author:
J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:
McGraw-Hill Education
Financial and Managerial Accounting
Accounting
ISBN:
9781259726705
Author:
John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:
McGraw-Hill Education