York Enterprises had credit sales of $820,000 during the year. The end-of-year accounts receivable was $75,000, and the beginning accounts receivable was $55,000. Compute the company's Receivables Turnover Ratio.
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York Enterprises had credit sales of $820,000 during the year. The end-of-year
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- Montalcino Company had net sales of 54,000,000. Montalcino had the following balances: Required: Note: Round answers to one decimal place. 1. Calculate the average accounts receivable. 2. Calculate the accounts receivable turnover ratio. 3. Calculate the accounts receivable turnover in days.Whalen Company had net sales of 125,500,250,000. Whalen had the following balances: Required: Note: Round answers to two decimal places. 1. Calculate the average accounts receivable. 2. Calculate the accounts receivable turnover ratio. 3. Calculate the accounts receivable turnover in days.The following selected information is taken from the financial statements of Arnn Company for its most recent year of operations: During the year, Arnn had net sales of 2.45 million. The cost of goods sold was 1.3 million. Required: Note: Round all answers to two decimal places. 1. Compute the current ratio. 2. Compute the quick or acid-test ratio. 3. Compute the accounts receivable turnover ratio. 4. Compute the accounts receivable turnover in days. 5. Compute the inventory turnover ratio. 6. Compute the inventory turnover in days.
- York Enterprises had credit sales of $820,000 during the year. The end-of-year accounts receivable was $75,000, and the beginning accounts receivable was $55,000. Compute the company's Receivables Turnover Ratio.Northern Lights Inc. had net credit sales of $600,000 and accounts receivable of $75,000 at the beginning of the year and $85,000 at the end of the year. What is the accounts receivable turnover ratio for the company?Camden Hardware’s credit sales for the year were $320,000. Accounts receivable at the beginning and end of the year were $50,000 and $70,000, respectively. Calculate the accounts receivable turnover ratio and the average collection period for the year.
- Elite Services Inc. had total net credit sales of $900,000 for the year. The beginning accounts receivable balance was $70,000, and the ending balance was $90,000. Calculate the accounts receivable turnover ratio. • Determine the average collection period in days.AbcThe financial statements of Crane report net credit sales of $1.6 million. Accounts receivable are $43,000 at the beginning of the year and $350,000 at the end of the year. Calculate Crane's accounts receivable turnover and average collection period for accounts receivable in days.
- Twist Corp. has a current accounts receivable balance of $438,726. Credit sales for the year just ended were $3,830,500. What is the receivables turnover?Summit Outdoors began the year with an accounts receivable balance of $150,000 and ended the year with a balance of $175,000. The company's credit sales for the year totaled $700,000, generating a gross profit of $280,000. Calculate the receivables turnover ratio for the year.Abc