Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Compute days' sales uncollected. Numerator: Accounts receivables, net Current $ Year: 1 Year Ago: S Days' Sales Uncollected Denominator: Net sales 76,070 S 54,237 $

image text in transcribedimage text in transcribedimage text in transcribedimage text in transcribed Compute days' sales uncollected. Numerator: Accounts receivables, net Current $ Year: 1 Year Ago: S Days' Sales Uncollected Denominator: Net sales 76,070 S 54,237 $ x Days x 365 = Days' Sales Uncollected Days' sales uncollected 590,110 x 365 = 47.1 days 465,671 x 365 = 42.5 days Required 1B > Compute accounts receivable turnover. (Round your answers to the nearest Numerator: Net sales Current Year: $ 1 Year Ago: $ Accounts Receivable Turnover Denominator: Average accounts receivable, 11: Accounts Recei Turnover Accounts receivable net 590,110 $ 65,154 9.1 times 465,671 S 48,641 9.6 times Compute Inventory Turnover Denominator: Numerator: Cost of goods sold Average inventory Inve Current Year: 359,967 / $ 87,183 1 Year Ago: $ 302,686 / $ 60,074

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

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

Step: 2

blur-text-image_2

Step: 3

blur-text-image_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

Introduction To Financial Accounting

Authors: Anne Marie Ward, Andrew Thomas

7th edition

77138449, 978-0077132682, 77132688, 978-0077138448

More Books

Students also viewed these Accounting questions

Question

Outline Abelards position on the roles of faith and reason.

Answered: 1 week ago