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E) length of the credit period. 53) Auto Detailers has a book net worth of $29,700. Long-term debt is $4,800. Net working 53) capital, other
E) length of the credit period. 53) Auto Detailers has a book net worth of $29,700. Long-term debt is $4,800. Net working 53) capital, other than cash, is $3,700 and fixed assets are $27,400. How much cash does the company have? A) $4,800 B) S3,400 c) $3,900 D) $4,300 E) S3,700 54) New Products has sales of $749,500 and cost of goods sold of $368,600. Beginning inventory is $54,700 and ending inventory is $58,200. What is the length of the 54 inventory period? A) 15.01 days B) 17.89 days C) 1 13.67 days D) 90.53 days E) 55.90 days 55) The Bear Rug has sales of $647,000. The cost of goods sold is equal to 66 percent of sales. Accounts receivable has a beginning balance of $53,400 and an ending balance of $49,600. How long on average does it take to collect the receivables? A) 20.44 days B) 12.56 days C) 18.58 days D) 19.17 days E) 29.05 days
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