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8. Gross sales 14,785,000.00 Sales returns and allowances 356,000.00 Sales discounts 189,741.00 Average receivables 6,987,452.00 Inventory, beginning 1,147,000.00 Inventory, end 1,165,452.00 Purchases 9,654,125.00 Freight in
8.
| Gross sales | 14,785,000.00 |
| Sales returns and allowances | 356,000.00 |
| Sales discounts | 189,741.00 |
| Average receivables | 6,987,452.00 |
| Inventory, beginning | 1,147,000.00 |
| Inventory, end | 1,165,452.00 |
| Purchases | 9,654,125.00 |
| Freight in | 785,410.00 |
| Payables, beginning | 1,598,741.00 |
| Payables, end | 1,011,236.00 |
Compute for the cash conversion cycle.
| Total asset turnover | 2.20 |
| Fixed asset turnover | 3.10 |
| Gross sales | 11,254,000.00 |
| Sales returns and allowances | 2,258,000.00 |
| Sales discounts | 1,269,000.00 |
Compute for the amount of net current assets.
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Financial Modeling Using Excel And VBA
Authors: Chandan Sengupta
1st Edition
0471267686, 978-0471267683
