The following data were gathered from the records of Sevillo Bolivar Enterprises: Inventories: Beginning Ending Sales: Credit Cash Sales Cost of Sales Accounts Receivable Beginning Ending Assume 365 days in a year. Required: Compute the following: a) Receivable Turn-Over b) Average Collection Period c) Inventory Turn-Over d) Average Age of Inventory P 80,000 60,000 P200,000 50,000 P210,000 P30,000 70,000
The following data were gathered from the records of Sevillo Bolivar Enterprises: Inventories: Beginning Ending Sales: Credit Cash Sales Cost of Sales Accounts Receivable Beginning Ending Assume 365 days in a year. Required: Compute the following: a) Receivable Turn-Over b) Average Collection Period c) Inventory Turn-Over d) Average Age of Inventory P 80,000 60,000 P200,000 50,000 P210,000 P30,000 70,000
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Can you please answer this in handwritten form? Please make the steps easier to understand. Thank you!

Transcribed Image Text:The following data were gathered from the records of Sevillo Bolivar Enterprises:
Inventories:
Beginning
Ending
Sales:
Credit
Cash Sales
Cost of Sales
Accounts Receivable
Beginning
Ending
Assumé 365 days in a year.
Required:
Compute the following:
a) Receivable Turn-Over
b) Average Collection Period
c) Inventory Turn-Over
d) Average Age of Inventory
P 80,000
60,000
P200,000
50,000
P210,000
P30,000
70,000
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