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fill in the table by calculating the number of days of receivables, payables and inventory. we have to use the information in the picture i
fill in the table by calculating the number of days of receivables, payables and inventory.
we have to use the information in the picture i uploaded.
that is the question. the task is to find those using what thewy already provided.
\begin{tabular}{|l|l|l|} \hline \multicolumn{2}{|c|}{ Income statement (Company XYZ) as of 2022} \\ \hline Net sales & & $510,000 \\ \hline Cost of goods sold & & $360,000 \\ \hline & Gross profit & $150,000 \\ \hline Selling, general and admin expenses & & $100,000 \\ \hline Income before income taxes & & $50,000 \\ \hline Income tax provision & & $12,000 \\ \hline Net Income & & $38,000 \\ \hline & & \\ \hline OUTPUT & & \\ \hline & & \\ \hline YEAR & & \\ \hline & & \\ \hline Current ratio & & \\ \hline Quick ratio & & \\ \hline Accounts receivable turnover & & \\ \hline Inventory turnover & & \\ \hline Payables turnover & & \\ \hline & & \\ \hline Number of days of receivables & & \\ \hline Number of days of inventory & & \\ \hline Number of days of payables & & \\ \hline \end{tabular} \begin{tabular}{|l|l|l|} \hline \multicolumn{2}{|c|}{ Income statement (Company XYZ) as of 2022} \\ \hline Net sales & & $510,000 \\ \hline Cost of goods sold & & $360,000 \\ \hline & Gross profit & $150,000 \\ \hline Selling, general and admin expenses & & $100,000 \\ \hline Income before income taxes & & $50,000 \\ \hline Income tax provision & & $12,000 \\ \hline Net Income & & $38,000 \\ \hline & & \\ \hline OUTPUT & & \\ \hline & & \\ \hline YEAR & & \\ \hline & & \\ \hline Current ratio & & \\ \hline Quick ratio & & \\ \hline Accounts receivable turnover & & \\ \hline Inventory turnover & & \\ \hline Payables turnover & & \\ \hline & & \\ \hline Number of days of receivables & & \\ \hline Number of days of inventory & & \\ \hline Number of days of payables & & \\ \hline \end{tabular} Step by Step Solution
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