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FRES BALE Application Problem 121 al, bi, c, d,l (Part Level Semission) (Liquidity and profitability analysis) Cathy's Cuisine hd. is a una restaurant and catering
FRES BALE Application Problem 121 al, bi, c, d,l (Part Level Semission) (Liquidity and profitability analysis) Cathy's Cuisine hd. is a una restaurant and catering business started three years ago by Cathy Crosby Intially the company's operations consided of net in 2009, they Services as a way to expand sales without having to a space for seats. As the cateregade of the business grow in 2020, the company pude veloce for the wall debit, or credit card, but for catering jobs, customers are nice ter the event. Most of the company's suppliers offer term of 30 days Selected for information for Gary Care 2020 2019 $9,200 14,660 15,150 30,460 $79,430 53,310 10,220 6,050 15,150 23,770 $58,500 Cash Accounts receivable Inventory Land Building and equipment Tutlets Liabilities and equity Accounts payable Short term note payable Mortgage payable current Mortgage payable Share capital Retained earnings Totalltilities and out Other information $8,670 59,170 1,620 2.720 24,460 12,000 29.440 $79,430 2.720 27,200 12,000 7,910 $58,500 Cost of goods sold Netcom 5197,650 73,660 21.550 $152,190 66.940 5.5. (el) Calculate the company's accounts receivable turnover ratio for 2020. How quickly is the company collecting its receivables? (Round answers to I decimal place, ...) 2020 Accounts receivable turnover times Average collection period days
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