Using the following select financial statement information from Black Water Industries, compute the number of days sales
Question:
Using the following select financial statement information from Black Water Industries, compute the number of days’ sales in receivables ratios for 2018 and 2019 (round answers to two decimal places). What do the outcomes tell a potential investor about Black Water Industries?
Transcribed Image Text:
Year 2017 2018 2019 BLACK WATER INDUSTRIES Net Credit Sales $685,430 700,290 768,500 Ending Accounts Receivable $330,250 360,450 401,650
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 58% (12 reviews)
Answer 2018 Average account receivable 330250 360450 2 345350 ac...View the full answer
Answered By
Marvine Ekina
Marvine Ekina
Dedicated and experienced Academic Tutor with a proven track record for helping students to improve their academic performance. Adept at evaluating students and creating learning plans based on their strengths and weaknesses. Bringing forth a devotion to education and helping others to achieve their academic and life goals.
PERSONAL INFORMATION
Address: , ,
Nationality:
Driving License:
Hobbies: reading
SKILLS
????? Problem Solving Skills
????? Predictive Modeling
????? Customer Service Skills
????? Creative Problem Solving Skills
????? Strong Analytical Skills
????? Project Management Skills
????? Multitasking Skills
????? Leadership Skills
????? Curriculum Development
????? Excellent Communication Skills
????? SAT Prep
????? Knowledge of Educational Philosophies
????? Informal and Formal Assessments
0.00
0 Reviews
10+ Question Solved
Related Book For
Principles Of Accounting Volume 1 Financial Accounting
ISBN: 9781593995942
1st Edition
Authors: Mitchell Franklin, Patty Graybeal, Dixon Cooper, OpenStax
Question Posted:
Students also viewed these Business questions
-
Using the following select financial statement information from Mover Supply Depot, compute the number of days sales in receivables ratios for 2018 and 2019 (round answers to two decimal places)....
-
The following select financial statement information from Candid Photography. Compute the accounts receivable turnover ratios and the number of days sales in receivables ratios for 2018 and 2019...
-
The following select financial statement information from Vortex Computing. Compute the accounts receivable turnover ratios and the number of days sales in receivables ratios for 2018 and 2019 (round...
-
Fill the blanks of the following table (last column) and find out the value of SDR in terms of U.S. dollars ($/SDR) and the value of U.S. dollars in terms of SDR (SDR/$) The exchange rate is...
-
If the natural rate of unemployment is 5 percent, what is the total rate of unemployment if output is 2 percent below potential output? What if output is 2 percent above potential output?
-
Describe the error. The graph of h (x) = 6 - 2x / 3 - x has the line x = 3 as a vertical asymptote Because 3 x = 0 when x = 3.
-
Mixed gender decision-making groups. In business, a group of executives is often assigned to make key decisions. The American Journal of Political Science (April 2014) published a study on a womans...
-
Dell Inc. and Hewlett-Packard Company (HP) compete with each other in the personal computer market. Dell's primary strategy is to assemble computers to customer orders, rather than for inventory....
-
XYZ Company's single product has a selling price of $25 per unit. Last year the company reported profit of $125,000 and variable expenses totaling $600,000. The product has a 10% contribution margin...
-
Comprehensive Problem 1 - Part 1: Taxpayer information, Form 1040, Schedules 1, 2, 3 and 4, Schedule A, and Schedule B. Noah and Joan Arc's Tax Return Note: This problem is divided into three parts....
-
The following accounts receivable information pertains to Growth Markets LLC. What is the total uncollectible estimated bad debt for Growth Markets LLC? Past-Due Category 0-30 days 31-90 days Over 90...
-
Elegant Universal uses the balance sheet aging method to account for uncollectible debt on receivables. The following is the past-due category information for outstanding receivable debt for 2019. To...
-
Show that the matrix has no inverse. 1 -1 1 -4 -3 -7 5 2.
-
Description: duff owes relatives $13,000 for college loans. find the required quarterly payment into a sinking fund if duff pays off the loan in 3 years and the interest rate is 8% per year...
-
1 3 , 9 5 0 ) Repairs and Maintenance ( $ 2 , 8 5 0 ) Utilities Expense ( $ 8 8 0 ) Operating Income $ 1 0 , 2 4 2 Other Income - Gain on Sale $ 3 0 0 Interest Expense ( $ 2 5 0 ) Earnings Before...
-
Description: The company currently has outstanding a bond with a 5.5 percent coupon rate and another bond with a 3.5 percent coupon rate. The firm has been informed by its investment banker that...
-
Find the equation of line joining the points (4, -3) and (-2, 7).
-
Calculate the work of reversible expansion of 1 mole of ideal gas at 25 degree celsius from 10 L to 20 L.
-
The lengths of the sides of a triangle are given. Determine which are right triangles. For those that are, identify the hypotenuse. 5, 4, 7
-
Cobb Manufacturing Company uses a process cost system and average costing. The following production data is for the month of June 2011. Production Costs Work in process, beginning of the month:...
-
Ralph and Tina (husband and wife) transferred corporate bonds worth $30,000 to Pam, their 12-year-old daughter. Pam received $3,500 of interest on the bonds in the current year. Ralph and Tina file...
-
Gail is a wealthy widow whose husband died last year. Her dependent daughter lives with her for the entire year. Gail has interest income totaling $382,400 and she pays property taxes and home...
-
Jack is starting a business that he expects to produce $60,000 of income this year before compensating Jack for his services. He has $1,000 of other income and itemized deductions totaling $10,000....
-
Los siguientes datos corresponden a las operaciones de Turk Company el ao pasado: Ventas $ 900 000 Utilidad operativa neta $ 36 000 Margen de contribucin $ 150 000 Activos operativos promedio $ 180...
-
Problem 16-16 Tax Shields (LO2) River Cruises is all-equity-financed with 53,000 shares. It now proposes to issue $280,000 of debt at an interest rate of 12% and to use the proceeds to repurchase...
-
In a process costing system, companies use predetermined overhead rates to apply overhead
Study smarter with the SolutionInn App