Question
Computec h Industries Below is financial data for Computech Industries current year. Net sales on account during year $500,000 Cost of merchandise sold during year
| Computech Industries
Below is financial data for Computech Industries current year. |
|
|
Net sales on account during year |
$500,000 |
| Cost of merchandise sold during year | 300,000 |
| Accounts receivable, beginning of year | 45,000 |
| Accounts receivable, end of year | 35,000 |
| Inventory, beginning of year | 90,000 |
| Inventory, end of year | 110,000 |
Refer to the data for Computech Industries.
Based on this information, what is the accounts receivable turnover for the current period?
10.0 times
12.5 times
11.1 times
14.3 times
Refer to the data for Computech Industries.
Based on this information, what is Computechs number of days sales in receivables (assuming a 360 day year)?
32.4 days
36.0 days
28.8 days
25.2 days
Refer to the data for Computech Industries.
Based on this information, what is Computechs inventory turnover ratio for the current period?
1.67 times
2.73 times
0.33 times
3.00 times
Refer to the data for Computech Industries.
Based on this information, what is Computechs number of days sales in inventory (assuming a 360 day year)?
132 days
216 days
1,091 days
120 days
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Total Quality Safety Management And Auditing
Authors: Michael B. Weinstein
1st Edition
1566702836, 978-1566702836
