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ConcordShop had a balance in the Accounts Receivable account of $756000 at the beginning of the year and a balance of $984000 at the end
ConcordShop had a balance in the Accounts Receivable account of $756000 at the beginning of the year and a balance of $984000 at the end of the year. Net credit sales during the year amounted to $12702000. The average collection period of the receivables in terms of days was 21.7 days 25.0 days. 22.6 days 7.3 days MarigoldCorporation had net income of $1520000 and paid dividends to common stockholders of $500000 in 2017. The weighted average number of shares outstanding in 2017 was 608000 shares. Marigold Corporation's common stock is selling for $40 per share on the NASDAQ. Marigold Corporation's price-earnings ratio is 2.5 times. 16.0 times. 11.5 times. 7.5 times. A company has an average inventory on hand of $104000 and its average days in inventory is 29 days. What is the cost of goods sold? $1308966 O $2429440 $2433600 $1214720 Net sales are $2636000,; beginning total assets are $694000, and the asset turnover is 4.0. What is the ending total asset balance? $659000 $624000 $694000 $794000 VaughnCorporation reported net income $49840; net sales $356000; and average assets $618000 for 2017. What is the 2017 profit margin? 14.0% 8.1% 80.6% 57.6% The following information is available for Crane Company: 2017 2016 Accounts receivable $360000 $337000 Inventory 340000 460000 Net credit sales 2920000 1430000 Cost of goods sold 1700000 845000 Net income 296000 173000 The inventory turnover for 2017 is 5.0 times. 4.3 times. 3.7 times. 2.5 times. Click if vou would like to Show Work for thi
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