Below are amounts (in millions) from three companies' annual reports. Required: For each company, calculate the receivables

Question:

Below are amounts (in millions) from three companies' annual reports.

Required:
For each company, calculate the receivables turnover ratio and the average collection period (rounded to one decimal place). Which company appears most efficient in collecting cash from sales?

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Financial Accounting

ISBN: 9780078110825

2nd Edition

Authors: J. David Spiceland, Wayne Thomas, Don Herrmann

See More Books

Question Posted: Jan 16, 2017 10:17 AM

See More Questions

Below are amounts (in millions) from three companies annual reports. Required: For each company, calculate the receivables turnover ratio and the average collection period (rounded to one decimal...
Below are amounts (in millions) reported in each of these companies annual reports? Required: For each company, calculate the receivables turnover ratio and the average collection period. Which...
Below are amounts (in millions) for Glasco Company and Sullivan Company. Required: Referring to the relation between net income and free cash flow, discuss each companys quality of earnings. Make a...
Two franchising experts recently debated the issue of whether new college graduates should consider franchising as a pathway to entrepreneurship. Jeff Elgin said recent college graduates are not...
Rivto, Inc. manufactures golf clubs in three models. For the year, the Eagle line has a net loss of $20,000 from sales $200,000, variable expenses $180,000, and fixed expenses $40,000. If the Eagle...
Perpetual Cash Flows What is the value of an investment that pays $30,000 every other year forever, if the first payment occurs one year from today and the discount rate is 13 percent compounded...
What does the term marketable minority level of value represent in the context of public security values?
You are provided with the following information for Perkins Inc. for the month ended October 31, 2014. Perkins uses a periodic method for inventory. Instructions (a) Calculate (i) ending inventory ,...
M & M Proposition II says that the WACC is not influenced by changing the mix of debt and equity because changes in leverage cause an offsetting change in the __________. a. WACC b. required return...
The balance sheet caption for common stock is the following Common stock, $3 par value, 2,480,000 shares authorized, 1,030,000 shares issued, 1,030,000 shares outstanding Required: a. Calculate the...
On April 1, 2012, Shoemaker Corporation realizes that one of its main suppliers is having difficulty meeting delivery schedules, which is hurting Shoemaker's business. The supplier explains that it...
Suzuki Supply reports the following amounts at the end of 2012 (before adjustment). Credit Sales for 2012....................................................... $250,000 Accounts Receivable, December...
Activity-based costing. Referring to Exhibit 12.10, suppose that instead of 2,000, 5,000, and 3,000 visits for an initial, regular, and intensive visit, respectively, the number of visits was 3,000,...
If you are a Super Coffee company and want to partner with Influencers on Instagram. How to find them? Influencer suggestions? How much to pay them? Who are they? Your budget is $250,000 So...
As the Customer Support Manager in the Fast-Moving Consumer Good (FMCG) sector with the ABC Corporation you are expected to address major grievances of customers from our product line and special...
An agent for positive change can be defined as someone who has the capability to influence and motivate those around them to accomplish whatever shared task needed to achieve a common goal, these...
Identify stress-reduction techniques used in organizations (e.g., wellness programs) Evaluate the impact of personal and work-related stress on performance Explain the relationship between...
Company: Viventium Explain which metrics you recommend tracking and why. For example, "these are the 3 to 5 metrics I've chosen; I'm tracking this because it does X, thereby bringing me closer to...
Calculate the potential developed by a voltaic cell using the following reaction if all dissolved species are 0.015 M. 2 Fe+ (aq) + HO(aq) + 2 H+ (aq) 2 Fe+ (aq) + 2 HO(l)
What mass of H2 will be produced when 122 g of Zn are reacted? Zn(s) + 2HCl(aq) ( ZnCl2(aq) + H2(g)
What principle(s) of internal control is (are) involved in making daily cash counts of over-the-counter receipts?
Assume that Kohls Department Stores installed new cash registers in its stores. How do cash registers improve internal control over cash receipts?
Remsen Companys internal controls over cash disbursements provide for the treasurer to sign checks imprinted by a checkwriter after comparing the check with the approved invoice. Identify the...
The following is part of the computer output from a regression of monthly returns on Waterworks stock against the S&P 5 0 0 index. A hedge fund manager believes that Waterworks is underpriced, with...
Doisneau 25-year bonds have an annual coupon interest of 8 percent, make interest payments on a semiannual basis, and have a $1,000 par value. If the bonds are trading with a market's required yield...
Hite corporation intends to issue $160,000 of 5% convertible bonds with a conversion price of $40 per share. The company has 40,000 shares of common stock outstanding and expects to earn $600,000...

Below are amounts (in millions) from three companies' annual reports. Required: For each company, calculate the receivables

Question:

Beginning Accounts Receivable (net) $1,715 $5,666 $ 529 Ending Accounts Receivable (net) $2,662 $6,194 $ 565 Net Sales $312,427 $ 57,878 $ 58,963 Walmart Target Costco Wholesale

Step by Step Answer:

WalMart Target Costco Receivables turnover ratio Net Sales 312427 57878 58963 Av...View the full answer

Financial Accounting

Students also viewed these Accounting questions