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Calculating the Average Collection Period Trout Lumber Yard has a current accounts receivable balance of $527,164. Credit sales for the year just ended were
Calculating the Average Collection Period Trout Lumber Yard has a current accounts receivable balance of $527,164. Credit sales for the year just ended were $6,787,626. What is the receivables turnover? The days' sales in receivables? How long did it take, on average, for credit customers to pay off their accounts during the past year? Calculating Inventory Turnover A7X Corporation has ending inventory of $625,817, and cost of goods sold for the year just ended was $9,758,345. What is the inventory turnover? The days' sales in inventory? How long, on average, did a unit of inventory sit on the shelf before it was sold? Calculating Leverage Ratios Bello, Inc., has a total debt ratio of .43. What is its debt-equity ratio? What is its equity multiplier?
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