Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

I am having problems getting the answers for the average collection period, payables turnover and total asset turnover for years 1-5. Can someone please help

I am having problems getting the answers for the average collection period, payables turnover and total asset turnover for years 1-5. Can someone please help me with this part explaining the formula and showing how you came up with the results? image text in transcribedimage text in transcribedimage text in transcribedimage text in transcribed

CASHFLOW STATEMENT FORECASTED INCOME STATEMENT \begin{tabular}{|r|r|r|r|r|} \hline YEAR 1 & YEAR 2 & YEAR 3 & YEAR 4 & YEAR 5 \\ \hline 150,000 & 154,500 & 159,135 & 167,092 & 175,446 \\ 67,500 & 69,525 & 71,611 & 75,191 & 78,951 \\ \hline 82,500 & 84,975 & 87,524 & 91,900 & 96,495 \\ & & & & \\ 6,000 & 6,180 & 6,365 & 6,684 & 7,018 \\ 6,000 & 6,000 & 9,000 & 9,000 & 9,000 \\ 9,600 & 9,600 & 9,600 & 14,400 & 14,400 \\ 14,400 & 14,400 & 14,400 & 14,400 & 14,400 \\ 3,600 & 3,600 & 3,600 & 3,600 & 3,600 \\ - & - & 4,000 & 4,000 & 4,000 \\ 3,000 & 3,000 & 3,000 & 3,000 & 3,000 \\ \hline 39,900 & 42,195 & 37,559 & 36,817 & 41,077 \\ \hline 1,800 & 1,200 & 600 & - & \\ \hline 38,100 & 40,995 & 36,959 & 36,817 & 41,077 \\ \hline 13,335 & 14,348 & 12,936 & 12,886 & 14,377 \\ \hline 24,765 & 26,647 & 24,023 & 23,931 & 26,700 \\ \hline \end{tabular} CASHFLOW STATEMENT FORECASTED INCOME STATEMENT \begin{tabular}{|r|r|r|r|r|} \hline YEAR 1 & YEAR 2 & YEAR 3 & YEAR 4 & YEAR 5 \\ \hline 150,000 & 154,500 & 159,135 & 167,092 & 175,446 \\ 67,500 & 69,525 & 71,611 & 75,191 & 78,951 \\ \hline 82,500 & 84,975 & 87,524 & 91,900 & 96,495 \\ & & & & \\ 6,000 & 6,180 & 6,365 & 6,684 & 7,018 \\ 6,000 & 6,000 & 9,000 & 9,000 & 9,000 \\ 9,600 & 9,600 & 9,600 & 14,400 & 14,400 \\ 14,400 & 14,400 & 14,400 & 14,400 & 14,400 \\ 3,600 & 3,600 & 3,600 & 3,600 & 3,600 \\ - & - & 4,000 & 4,000 & 4,000 \\ 3,000 & 3,000 & 3,000 & 3,000 & 3,000 \\ \hline 39,900 & 42,195 & 37,559 & 36,817 & 41,077 \\ \hline 1,800 & 1,200 & 600 & - & \\ \hline 38,100 & 40,995 & 36,959 & 36,817 & 41,077 \\ \hline 13,335 & 14,348 & 12,936 & 12,886 & 14,377 \\ \hline 24,765 & 26,647 & 24,023 & 23,931 & 26,700 \\ \hline \end{tabular}

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

Facilities Managers Reference Management Planning Building Audits Estimating

Authors: Harvey H. Kaiser

1st Edition

0876291426, 978-0876291429

More Books

Students also viewed these Accounting questions