Question Details

(Answered) Use the financial data below to calculate the following


Use the financial data below to calculate the following
More Details:

Use the financial data below to calculate the following ratios:,

 

a. Accounts receivable turnover,

 

b. Days? sales uncollected,

 

c. Inventory turnover,

 

d. Days? sales in inventory,

 

,

 

,

 

Income statement data,

 

Sales (all on credit) $650,000 ,

 

Cost of goods sold 425,000,

 

Income turnover 78,000,

 

Net income 54,600,

 

,

 

Ending Beginning,

 

Balances Balances,

 

Cash $ 19,500 $ 15,000,

 

Accounts receivable (net) 65,000 60,000,

 

Inventory 71,500 64,500,

 

Plant and equipment (net) 195,000 183,900,

 

Total assets $351,000 $323,400,

 

,

 

Current liabilities $62,400,

 

Long-term notes payable $ 97,500 ,

 


Solution details:
STATUS
Answered
QUALITY
Approved
ANSWER RATING

This question was answered on: Dec 18, 2020

PRICE: $18.50

Solution~00031147883959.zip (25.37 KB)

Buy this answer for only: $18.50

This attachment is locked

We have a ready expert answer for this paper which you can use for in-depth understanding, research editing or paraphrasing. You can buy it or order for a fresh, original and plagiarism-free copy (Deadline assured. Flexible pricing. TurnItIn Report provided)

Pay using PayPal (No PayPal account Required) or your credit card . All your purchases are securely protected by .
SiteLock

About this Question

STATUS

Answered

QUALITY

Approved

DATE ANSWERED

Dec 18, 2020

EXPERT

Tutor

ANSWER RATING

GET INSTANT HELP/h4>

We have top-notch tutors who can do your essay/homework for you at a reasonable cost and then you can simply use that essay as a template to build your own arguments.

You can also use these solutions:

  • As a reference for in-depth understanding of the subject.
  • As a source of ideas / reasoning for your own research (if properly referenced)
  • For editing and paraphrasing (check your institution's definition of plagiarism and recommended paraphrase).
This we believe is a better way of understanding a problem and makes use of the efficiency of time of the student.

NEW ASSIGNMENT HELP?

Order New Solution. Quick Turnaround

Click on the button below in order to Order for a New, Original and High-Quality Essay Solutions. New orders are original solutions and precise to your writing instruction requirements. Place a New Order using the button below.

WE GUARANTEE, THAT YOUR PAPER WILL BE WRITTEN FROM SCRATCH AND WITHIN YOUR SET DEADLINE.

Order Now