Question
For its most recent year a company had sales (all on credit) of $830,000 and cost of goods sold of $525,000. At the end of
For its most recent year a company had sales (all on credit) of $830,000 and cost of goods sold of $525,000. At the end of the year its accounts receivables were 86,000 and its inventory was $110,000. Accounts Payable was $5000 and net income was $42,000
1. Calculate the accounts receivable Turn Days 2.Calculate the inventory turn days
For its most recent year a company had Sales (all on credit) of $830,000 and Cost of Goods Sold of $525,000. At the end of the year its Accounts Receivable were $86,000 and its Inventory was $110,000. Accounts Payable was $5,000 and Net Income was $42,000. 1. Calculate the Accounts Receivable Turn Days 2. Calculate the Inventory Turn days
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Accounting
Authors: Lew Edwards, John Medlin, Keryn Chalmers, Andreas Hellmann, Claire Beattie, Jodie Maxfield, John Hoggett
9th edition
1118608224, 1118608227, 730323994, 9780730323990, 730319172, 9780730319177, 978-1118608227
