Excellence in Business Communication (11th Edition)
Excellence in Business Communication (11th Edition)
11th Edition
ISBN: 9780133544176
Author: John V. Thill, Courtland L. Bovee
Publisher: PEARSON
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Chapter 10, Problem 10aPYSMFA
Summary Introduction

To determine:

Strategic messaging to apply skills of persuasion.

Introduction:

When handling business messages, maintaining calmness, professionalism, and skill to apply appropriate strategies are of crucial importance. It is by this method a firm can guarantee its attributes with credibility to its consumer.

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2025 2024 Cash $14,000 $28,000 Accounts receivable (net) 80,000 51,000 Inventory 58,000 48,000 Plant assets (net) 235,000 220,000 $387,000 $347,000 Accounts payable $51,500 $58,000 Bonds payable (15%) 125,000 125,000 Common stock, $10 par 160,000 124,000 Retained earnings 50,500 40,000 $387,000 $347,000 Additional information for 2025: 1. Net income was $23,500. 2. Sales on account were $370,000. Sales returns and allowances amounted to $27,000. 3. Cost of goods sold was $206,000. 4. Net cash provided by operating activities was $46,000. 5. Capital expenditures were $20,000, and cash dividends paid were $13,000. 6. The bonds payable are due in 2038. Compute the following ratios at December 31, 2025. (Round current ratio and inventory turnover to 2 decimal places, e.g. 1.83 and all other answers to 1 decimal place, e.g. 1.8. Use 365 days for calculation.) a. Current ratio b. Accounts receivable turnover C. Average collection period d. Inventory turnover e. Days in inventory f. Free cash…
The financial statements of Greenfield Inc. reported net sales of $600,000 and accounts receivable of $40,000 at the beginning of the year and $45,000 at the end of the year. What is the receivables turnover ratio for Greenfield Inc.?
An income statement would not include O dividends paid. ○ discontinued operations. other revenue and gains. O income from operations.
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