Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Jul 14, 2024

A. What does the following accounts receivable turnover of this company show? B. what is the purpose of doing accounts receivable turnover in companies ?

A. What does the following accounts receivable turnover of this company show?

B. what is the purpose of doing accounts receivable turnover in companies ?
Accounts Receivable Turnover= Net Sales Average Accounts = $1.870.188.069 $75,862,725 = 24.65 Calculation of Average Accounts Receivable =Opening Accounts Receivable + Closing Accounts Receivable 2 = $58,211,081 + $93,514,369 2 = $151.725.450 2. = $75,862,725

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

Step: 3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Investments

Authors: Zvi Bodie, Alex Kane, Alan J. Marcus

9th Edition

73530700, 978-0073530703

Students also viewed these Accounting questions

Question

The repair time, in hours, for a certain type of laptop is a continuous variable with density function (i) What is the expected time to repair a laptop of this type when it breaks down? (ii) If the...

Answered: 1 week ago

Question

★★★★★

Alisha Incorporated manufactures medical stints for use in heart bypass surgery. Based on past experience, Alisha has found that its total maintenance costs can be represented by the following...

Answered: 1 week ago

Question

★★★★★

3. What are the population estimates for each of the following? Presence for easy listening radio programming Viewing of 10:00 p.m. local news on TV Subscribe to City Magazine Average age of heads of...

Answered: 1 week ago

Question

★★★★★

On January 1, 2024, Tropical World issues $39.5 million of 8% bonds, due in 15 years, with interest payable semiannually on June 30 and December 31 each year. The proceeds will be used to build a new...

Answered: 1 week ago

Question

★★★★★

The following data were gathered to use in reconciling the bank account of Donovan Company: Balance per bank $9,945 Balance per company records 9,295 Bank service charges 35 Deposit in transit 2,135...

Answered: 1 week ago

Question

★★★★★

Using the below wireshark file. I need explanations how to find/filter those information, not just answers. https://cs6035.s3.amazonaws.com/MITM/mitm_spring2024.pcap Task 1.1: What is the server...

Answered: 1 week ago

Question

★★★★★

Meranti Sdn Bhd has analysed the costs of producing and selling 5,000 units of its only product to be: Direct materials RM 60,000 Direct labour 40,000 Variable factory overhead 20,000 Fixed factory...

Answered: 1 week ago

Question

★★★★★

During last assignment, you did such an amazing job with Frank's finances, that he is retaining you as his financial consultant. Thanks to you, Frank's financial house is in excellent order. He is...

Answered: 1 week ago

Question

★★★★★

Determine the total mass of the horizontal beam when the mass of the beam is 37.5kg/m. Determine also the force resultant affecting the tilted rope when angle =30 5.6 m 2.4 m B Tilted rope- 250kg

Answered: 1 week ago

Previous Question Next Question