Tollowing ihformation pertains Onique Company. Assume balance figures. that all sales were on credít. Assets Cash and short-term investments $ 40,000 Accounts receivable (net) 25,000 Inventory Property, plant and equipment Total Assets 20,000 210,000 $295.000 Liabilities and Stockholders' Equity $ 60,000 Current liabilities Long-term liabilities Stockholders' equity-common Total Liabilities and Stockholders' Equity $295,000 85,000 150,000 Income Statement Sales revenue S 85,000 Cost of goods sold Gross margin Operating expenses 45.000 40,000 20.000 Net income S 20,000 Number of shares of common stock 6,000 Market price of common stock Dividends per share on common stock $20 $0.90 Cash provided by operations $30,000 What is the accounts receivable turnover for this company? O 2.8 times O 3 times O 3.4 times O 2 times

Tollowing ihformation pertains Onique Company. Assume balance figures. that all sales were on credít. Assets Cash and short-term investments $ 40,000 Accounts receivable (net) 25,000 Inventory Property, plant and equipment Total Assets 20,000 210,000 $295.000 Liabilities and Stockholders' Equity $ 60,000 Current liabilities Long-term liabilities Stockholders' equity-common Total Liabilities and Stockholders' Equity $295,000 85,000 150,000 Income Statement Sales revenue S 85,000 Cost of goods sold Gross margin Operating expenses 45.000 40,000 20.000 Net income S 20,000 Number of shares of common stock 6,000 Market price of common stock Dividends per share on common stock $20 $0.90 Cash provided by operations $30,000 What is the accounts receivable turnover for this company? O 2.8 times O 3 times O 3.4 times O 2 times

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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Victor Corporation's comparative balance sheet for current assets and liabilities was as follows: Line Item Description Dec. 31, 20Y2 Dec. 31, 20Y1 Accounts receivable $13,400 $12,800 Inventory 57,300 58,000 Accounts payable 13,600 11,800 Dividends payable 29,000 27,000 Adjust net income of $123,400 for changes in operating assets and liabilities to arrive at net cash flows from operating activities.fill in the blank 1 of 1$
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