Hi,

Could you please help me on these assignments

I am in the middle of my final I need help please

thank you,

Masi

2. The following is the data from Company X for 2016 and 2017.

2016

2017

Net Sales

$800,000

$900,000

Receivables (less allowance for doubtful accounts)

Beginning of period

$45,000

$60,000

End of period

$60,000

$80,000

Required)

a) Compute the days' sales in receivables for December 31, 2016, and December 31, 2017, based on the data above.

b) Compute the accounts receivable turnover for the period ended December 31, 2016, and December 31, 2017.

c) Comment on the results from (a) and (b).

Company X recorded the following profit figures in 2015-2017.

2015

2016

2017

Net sales

52,000

54,600

56,500

Cost of products sold

15,600

16,500

17,200

Gross Profit

36,400

38,100

39,300

Selling expenses

8,500

9,000

9,100

General expenses

6,000

6,200

6,400

Research and development

4,200

4,200

4,400

Operating income

17,700

18,700

19,400

Other income (expense)

550

600

700

Earnings before tax

18,250

19,300

20,100

Income tax

5,475

5,790

6,030

Net income

12,775

13,510

14,070

Required)

a) Compute the net profit margin for 2015-2017.

b) Compute the gross profit margin for 2015-2017.

c) Describe the trend in profitability and pinpoint its causes