Question
For its most recent year a company had Sales (all on credit) of $830, 000 and Cost of Goods Sold of $500, 000. At the
For its most recent year a company had Sales (all on credit) of $830, 000 and Cost of Goods Sold of $500, 000. At the end of the year its Accounts Receivable amounted to $100,000 and its Inventory was $ 90,000. Accounts Payable was $5,000 and Net Income was $42,000.
Calculate the Accounts Receivable Turn Days
Calculate the Inventory Turn days
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Business Accounting An Introduction To Financial And Management Accounting
Authors: Jill Collis, Roger Hussey, Andrew Holt, Holt Collis, J. Collis
2nd Edition
0230276237, 978-0230276239
