Business, 24.06.2021 18:30 monithebtslover01

The following information was available for the year ended December 31, 2019 Net sales Cost of goods sold Average accounts receivable for the year Accounts receivable at year-end Average inventory for the year Inventory at year-end $1,022,000 642,400 43,000 22,400 210.000 156409 Required:
a. Calculate the inventory turnover for 2019. (Round your answer to 2 decimal places.)
b. Calculate the number of days' sales in inventory for 2019. using year-end inventories (Use 365 days a year. Round your answer to 1 decimal place.)
c. Calculate the accounts receivable turnover for 2019. (Round your answer to 1 decimal place.)
d. Calculate the number of days' sales in accounts receivable for 2019. using year-end accounts receivable. (Use 365 days a year.
Round your answer to 1 decimal place.)
a. Inventory turnover
b. Number of days sales in Inventory
c. Accounts receivable turnover
d. Number of days sales in accounts receivable

Answers: 1

Show answers

Another question on Business

Business, 21.06.2019 14:00

Alex is a working professional and has managed to save a small amount of money from his earnings. he wants to invest in something that is customized to his risk appetite. which financial institution should he choose? a. hedge funds b. mutual funds c. life insurance companies d. credit unions e. pension funds

Answers: 1

Answer

Business, 21.06.2019 18:40

Reactive power generation has the following capital structure. its corporate tax rate is 40%. security market value required rate of return debt $ 30 million 4 % preferred stock 30 million 6 common stock 40 million 10 what is its wacc? (do not round intermediate calculations. enter your answer as a percent rounded to 2 decimal places.)

Answers: 2

Answer

Business, 22.06.2019 11:20

Aborrower takes out a 30-year adjustable rate mortgage loan for $200,000 with monthly payments. the first two years of the loan have a "teaser" rate of 4%, after that, the rate can reset with a 5% annual payment cap. on the reset date, the composite rate is 6%. what would the year 3 monthly payment be?

Answers: 3

Answer

Business, 22.06.2019 15:50

Singer and mcmann are partners in a business. singer’s original capital was $40,000 and mcmann’s was $60,000. they agree to salaries of $12,000 and $18,000 for singer and mcmann respectively and 10% interest on original capital. if they agree to share remaining profits and losses on a 3: 2 ratio, what will mcmann’s share of the income be if the income for the year was $15,000?

Answers: 1

Answer

You know the right answer?

The following information was available for the year ended December 31, 2019 Net sales Cost of goods...

Questions