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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

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

Managerial Accounting: The Cornerstone of Business Decision-Making
Managerial Accounting: The Cornerstone of Business Decision-Making
7th Edition
ISBN:9781337115773
Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Chapter15: Financial Statement Analysis
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Problem 56P: The following selected information is taken from the financial statements of Arnn Company for its...
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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
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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