Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Hello tutor, please help me solve these problems. Thank you! Question 46 1 pts Mindoro Corporation's income statement shows that Net Sales (all on credit)

Hello tutor, please help me solve these problems. Thank you!

image text in transcribedimage text in transcribedimage text in transcribedimage text in transcribedimage text in transcribed
Question 46 1 pts Mindoro Corporation's income statement shows that Net Sales (all on credit) totaled P1,000,000 while Cost of Goods Sold amounted to P600,000, while total purchases are P800,000. On its balance sheet, Accounts Receivable amounted to P200,000 while Inventory totaled P150,000. Accounts Payable had a balance of P100,000. Assuming that there are 360 days in a year, what is the inventory turnover of Mindoro? O 8 times O 10 times 4 times O 5 timesQuestion 47 1 pts Mindoro Corporation's income statement shows that Net Sales (all on credit) totaled P1,000,000 while Cost of Goods Sold amounted to P600,000, while total purchases are P800,000. On its balance sheet, Accounts Receivable amounted to P200,000 while Inventory totaled P150,000. Accounts Payable had a balance of P100,000. Assuming that there are 360 days in a year, what is the receivable turnover of Mindoro? O 10 times O 8 times O 4 times O 5 timesQuestion 48 1 pts Mindoro Corporation's income statement shows that Net Sales (all on credit) totaled P1,000,000 while Cost of Goods Sold amounted to P600,000, while total purchases are P800,000. On its balance sheet, Accounts Receivable amounted to P200,000 while Inventory totaled P150,000. Accounts Payable had a balance of P100,000. Assuming that there are 360 days in a year, what is the payable turnover of Mindoro? O 10 times O 4 times O 5 times O 8 timesQuestion 49 1 pts Mindoro Corporation's income statement shows that Net Sales (all on credit) totaled P1,000,000 while Cost of Goods Sold amounted to P600,000, while total purchases are P800,000. On its balance sheet, Accounts Receivable amounted to P200,000 while Inventory totaled P150,000. Accounts Payable had a balance of P100,000. Assuming that there are 360 days in a year, how many days is Mindoro's operating cycle? O 117 days O 45 days O 162 days O 207 daysQuestion 50 1 pts Mindoro Corporation's income statement shows that Net Sales (all on credit) totaled P1,000,000 while Cost of Goods Sold amounted to P600,000, while total purchases are P800,000. On its balance sheet, Accounts Receivable amounted to P200,000 while Inventory totaled P150,000. Accounts Payable had a balance of P100,000. Assuming that there are 360 days in a year, how many days is Mindoro's cash conversion cycle? O 207 days O 117 days O 162 days O 45 days

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored 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

Recommended Textbook for

Financial Accounting

Authors: Arne E. Jorgensen

1st Edition

8759340886, 9788759340882

More Books

Students also viewed these Accounting questions

Question

2. Darwins notes in biology.

Answered: 1 week ago

Question

How could any of these verbal elements be made stronger?

Answered: 1 week ago

Question

Does your message use pretentious or exaggerated language?

Answered: 1 week ago