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Business
Accounting
Turnover: $200 000,00       Cost of sales: $140 000,00                Profit before interest and tax: $12 000,00               Accounts receivable: $16 500,00                     Accounts payable: $13 000,00          Inventory: $18 750,00      Bank/ (Overdraft): $4 000,00               Calculate Accounts receivable collection period Inventory holding period. Accounts payable payment period

Turnover: $200 000,00       Cost of sales: $140 000,00                Profit before interest and tax: $12 000,00               Accounts receivable: $16 500,00                     Accounts payable: $13 000,00          Inventory: $18 750,00      Bank/ (Overdraft): $4 000,00               Calculate Accounts receivable collection period Inventory holding period. Accounts payable payment period

FINANCIAL ACCOUNTING
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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Turnover: $200 000,00      

Cost of sales: $140 000,00               

Profit before interest and tax: $12 000,00              

Accounts receivable: $16 500,00                    

Accounts payable: $13 000,00         

Inventory: $18 750,00     

Bank/ (Overdraft): $4 000,00            

 

Calculate

  1. Accounts receivable collection period
  2. Inventory holding period.
  3. Accounts payable payment period
  4. Current ratio
  5. Acid test ratio
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