Key comparative figures for Polaris and Arctic Cat follow. Required Compute days sales uncollected (rounded to two
Question:
Key comparative figures for Polaris and Arctic Cat follow.
Required
Compute days’ sales uncollected (rounded to two decimals) for these companies for each of the two years shown. Comment on any trends for the companies. Which company has the largest percent change (rounded to two decimals) in days’ salesuncollected?
Transcribed Image Text:
Polaris Arctic Cat Current Year Prior Year Current Year Prior Year ($ thousands) Accounts receivable . 115.302 89.294 23.732 $ 29.227 Net sales.. 2,656.949 99,39 363.015 350,87
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 91% (12 reviews)
Polaris thousands Current Year 115302 2656949 x 365 1584 days Prior Year 89294 1991139 ...View the full answer
Answered By
Mehwish Aziz
What I have learnt in my 8 years experience of tutoring is that you really need to have a friendly relationship with your students so they can come to you with their queries without any hesitation. I am quite hardworking and I have strong work ethics. Since I had never been one of those who always top in the class and always get A* no matter what, I can understand the fear of failure and can relate with my students at so many levels. I had always been one of those who had to work really hard to get decent grades. I am forever grateful to some of the amazing teachers that I have had who made learning one, and owing to whom I was able to get some extraordinary grades and get into one of the most prestigious universities of the country. Inspired by those same teachers, I am to be like one of them - who never gives up on her students and always believe in them!
5.00+
3+ Reviews
10+ Question Solved
Related Book For
Fundamental accounting principle
ISBN: 978-0078025587
21st edition
Authors: John J. Wild, Ken W. Shaw, Barbara Chiappetta
Question Posted:
Students also viewed these Cost Accounting questions
-
Key comparative figures for Polaris and Arctic Cat follow. 1. What is the debt ratio for Polaris in the current year and for the prior year? 2. What is the debt ratio for Arctic Cat in the current...
-
Key comparative figures for Polaris and Arctic Cat follow. Required 1. Compute the book value per common share for each company using these data. 2. Compute the basic EPS for each company using these...
-
Key figures for Polaris and Arctic Cat follow ($ thousands). Required 1. Compute the ratio of segment revenue divided by segment assets for each of the segments of Polaris and Arctic Cat for each of...
-
For problems involving composite bodies composed of two or more materials, the elasticity solution requires both boundary conditions and interface conditions between each material system. The...
-
Which countries are likely to gain, and which are likely to lose, from the North American Free Trade Area? How are the gains and losses likely to be distributed across occupations and sectors of the...
-
Four poker chips are red on one side and white on the other. In how many different ways can (a) Only 3 reds come up? (b) Only two reds come up?
-
The following cash flow information was taken from the 2015 annual report for Johnson & Johnson. Compute the missing values in the table (amounts are in millions). Based on this data, how does the...
-
Day, Corp., is considering the use of activity-based costing. The following information is provided for the production of two product lines: Day plans to produce 400 units of Product A and 375 units...
-
Describe a global company that you believe is crushing it in the global market and tell us why you think this is the case. Describe what your company is doing to achieve international success. For...
-
The Trial Balance section of the worksheet for Fashion World for the period ended December 31, 20X1, appears below. Adjustments data are also given. ADJUSTMENTS a. Supplies used, $7,580 b. Expired...
-
Refer to Polaris financial statements in Appendix A to answer the following. 1. For both years ended December 31, 2011 and 2010, identify the total amount of cash and cash equivalents. Determine the...
-
Kara Ries, Tammy Bax, and Joe Thomas invested $ 80,000, $ 112,000, and $ 128,000, respectively, in a partnership. During its first calendar year, the firm earned $ 249,000. Required Prepare the entry...
-
Give an mRNA sequence that will code (or the synthesis of angiotensin II. Asp-Arg-Val-Tyr-IIe-His-Pro-Phe
-
Two carts of mass M1 and M2 are being pulled up a hill with an angle relative to the horizontal. The carts are connected by an ideal (massless) string with tension F and the front cart, M, is being...
-
Harmon Recycling Services ( HRS ) , a not - for - profit organization, has two drop - off centers, Westside and Eastside. Data for the expected operation in the next quarter follow. Eastside Westside...
-
The computer system used for production and administration control at a large precast concrete company is being considered for replacement. Of the available replacement systems, Company A has been...
-
Zarko Company reports net income of $ 7 9 0 , 0 0 0 and declared a cash dividend of $ 2 . 4 0 per share on each of its 2 3 0 , 0 0 0 shares of common stock . What are per share? Note: Round your...
-
7. An Italian sausage makers production function is Q = 8k.25 L.25 MPK = 2K-.75 L.75, MPI = 6K.25 L-.25 Determine the firms short-run cost equation (assume K is the fixed input). Determine the...
-
Limousines line up outside Disneys wedding pavilion, ceremonies are scheduled in two-hour intervals. Your Task. In the following, identify the sentence fault (fragment, run-on sentence, comma...
-
From 1970 to 1990, Sri Lanka's population grew by approximately 2.2 million persons every five years. The population in 1970 was 12.2 million people.What is the best formula for P, Sri Lanka's...
-
Real wages According to the International Labour Office's (ILO) latest Global Wage Report's appendix on Asia and the Pacific, available on its Web site, real wage growth has been very strong in the...
-
Santana Rey created Business Solutions on October 1, 2011. The company has been successful, and its list of customers has grown. To accommodate the growth, the accounting system is modified to set up...
-
What is the difference between the cash basis and the accrual basis of accounting?
-
Why is the accrual basis of accounting generally preferred over the cash basis?
-
Cash Market Capitalization Shares Outstanding Debt Stock Price $25, $30.68 $20, $30.68 $25, $30 $30, $30 Panama Red $25,000M $150,000M 5,000M $0 $30
-
Cullumber Repair Inc. was started on May 1. A summary of May transactions is presented as follows. 1. Stockholders invested $24,500 cash in the business in exchange for common stock. 2. Purchased...
-
In the context of Texas budget policy, what factor differentiates restricted funds from unrestricted funds? if the funds can be used for salaries if the money can be reinvested in the stock market if...
Study smarter with the SolutionInn App