FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Given the financial information below, calculate 2016 Days sales outstanding 12/31/16 12/31/15 Revenue 226,761 273,120 Cost of Sales 136,057 163,872 SG&A Exp 68,028 81,936 Int

Given the financial information below, calculate 2016 Days sales outstanding

12/31/16 12/31/15
Revenue 226,761 273,120
Cost of Sales 136,057 163,872
SG&A Exp 68,028 81,936
Int Expense 350 475
EBIT 22,676 27,312
Cash 900 1,450
Accounts Receivable, Net 56,740 54,620
Allowance for Doubtful Accounts 1,520 1,920
Inventories 41,045 31,032
PPE, gross 52,363 50,070
Accumulated Depreciation 9,200 8,900
Current Liabilities 28,970 31,489

93.8 days

88.9 days

92.4 days

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Students also viewed these Accounting questions

Question

As you plan for similar possibilities in the future, what online or hybrid strategies, resources, assignments, or assessments would you incorporate into your curriculum for the year?

Answered: 1 week ago

Question

★★★★★
The following information about the payroll for the week ended December 30 was obtained from the records of Sparta Co.: Tax rates assumed: Social security, 6% on first $100,000 of employee annual...

Answered: 1 week ago

Question

★★★★★
The Electric Company is growing quickly, with current annual increases of 20% per year in both sales and net income. To fund its growth, it is reinvesting all of its net income each year in new...

Answered: 1 week ago

Question

★★★★★
PLEASE ANSWER ALL QUESTIONS! Greenwood Company manufactures two products15,000 units of Product Y and 7,000 units of Product Z. The company uses a plantwide overhead rate based on direct labor-hours....

Answered: 1 week ago

Question

★★★★★
1.How do I identify my target market? 2.What are the key factors for a successful business plan? 3.How can I improve my companys cash flow? 4.What are the most effective ways to market a small...

Answered: 1 week ago

Question

★★★★★
1.What is the Renaissance, and why is it significant in art history? 2.How does Romanticism differ from Neoclassicism in art? 3.What is the significance of the Mona Lisa in art history? 4.How did the...

Answered: 1 week ago

Question

★★★★★
Question 1: What is cultural relativism, and how does it influence the study of cultures?

Answered: 1 week ago

Question

★★★★★
How does the concept of hegemony relate to culture?

Answered: 1 week ago

Question

★★★★★
a 3 phase induction motor is wound for poles and is supplied from 3 phase 50 Hz system .calculate 1. the synchronous speed,2.speed of the motor when slip is .04 and 3.the rotor frequency when the...

Answered: 1 week ago

Previous Question Next Question