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20) Below you will find selected current year company information: Net income $15,953 Net sales 712,855 Total liabilities, beginning-year 83,932 Total liabilities, end-of-year103,201 Total stockholders'
20) Below you will find selected current year company information: Net income $15,953 Net sales 712,855 Total liabilities, beginning-year 83,932 Total liabilities, end-of-year103,201 Total stockholders' equity, beginning-year198,935 Total stockholders' equity, end-of-year 121,851 The return on total assets is: 20) A)6.28% B) 2.24% C)4.67% D) 2.81% E)3.64% 21) Dividing Accounts Receivable, net by Net Sales and multiplying the result by 365 is the: 21) A) Days' sales uncollected B) Average accounts receivable ratio. C) Current ratio. D) Accounts receivable turnover ratio E) Profit margin 22) Egan Inc. reported Net sales of $2,400,000 and average Accounts Receivable of $157,000. The day's sales uncollected (rounded to whole days) is: 22) A) 24 days. B) 56 days. C) 15 days. D) 48 days. E) 4 days
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