You are a financial Manager of Chevron Corp. You need to assess the effectiveness ofworking capital management of the company for 2018 using the following data. What is the2018 Receivable turnover?2017 Account Receivable = 15,353 0002018 Account Receivable = 15.050,00O2017 Inventory = 5,585.0002018 Inventory = 5 704.00O2017 Accounts Payable= 14 565 00I2018 Accounts Payable = 13 953 0002017 Sales 134,674 0002018 Sales 158.902 000.2017 Cost of Sales = 95 114.0002018 Cost of Sales = 113 997 0002017 Purchases= 95 114 0002018 PurchaSes = 123 435 000

Receivable Turnover Ratio: In business, the efficiency with which a firm collects on its receivables…

You are a financial Manager of Chevron Corp. You need to assess the effectiveness of working capital management of the company for 2018 using the following data What is the 2018 Receivable turnover? 2017 Account Receivable = 15,353 000 2018 Account Receivable = 15,050,000 2017 Inventory = 5,585.000 2018 InventoEy = 5 704.000 2017 Accounts Payable = 14 565.000 2018 Accounts Payable = 13 953 000 2017 Sales 134.674 000 2018 Sales 158 902 000 2017 Cost of Sales = 95 114 000 2018 Cost cf Sales = 113 997 000 2017 Purchases= 95 11400 2018 PurchasSes = 123 435 00

You are a financial Manager of Chevron Corp. You need to assess the effectiveness of working capital management of the company for 2018 using the following data What is the 2018 Receivable turnover? 2017 Account Receivable = 15,353 000 2018 Account Receivable = 15,050,000 2017 Inventory = 5,585.000 2018 InventoEy = 5 704.000 2017 Accounts Payable = 14 565.000 2018 Accounts Payable = 13 953 000 2017 Sales 134.674 000 2018 Sales 158 902 000 2017 Cost of Sales = 95 114 000 2018 Cost cf Sales = 113 997 000 2017 Purchases= 95 11400 2018 PurchasSes = 123 435 00

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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Question

You are a financial Manager of Chevron Corp. You need to assess the effectiveness of
working capital management of the company for 2018 using the following data. What is the
2018 Receivable turnover?
2017 Account Receivable = 15,353 000
2018 Account Receivable = 15.050,00O
2017 Inventory = 5,585.000
2018 Inventory = 5 704.00O
2017 Accounts Payable= 14 565 00I
2018 Accounts Payable = 13 953 000
2017 Sales 134,674 000
2018 Sales 158.902 000.
2017 Cost of Sales = 95 114.000
2018 Cost of Sales = 113 997 000
2017 Purchases= 95 114 000
2018 PurchaSes = 123 435 000

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