PF17-28a(similar to)

1c. Compute the days' sales in recievables for both companies for the current year.

Begin by selecting the formula to compute the days' sales in recievable.

Homework: S2021 Homework Chapter 17 Score: 0.2 of 1 pt 1 of 4 (1 complete) PF17-28A (similar to) Assume that you are purchasing an investment and have decided to invest in a company in the digital phone business. You have narrowed the choice to Better Digital Corp. and Zone Network, Inc. and have assembled the following data. (Click to view the income statement data.) (Click to view the balance sheet and market price data.) Your stra Assume Read the Zone Network Better Digital 1.00 Acid-test ratio 0.87 Requirement 1b. Compute the inventory turnover for both companies for the current year. Begin by selecting the formula to compute the inventory turnover. Inventory turnover = Cost of goods sold + Average merchandise inventory Now, compute the inventory turnover for both companies. (Round your answers to two decimal places, X.XX.) Better Digital Zone Network Inventory turnover 2.88 2.78 Requirement 1c. Compute the days' sales in receivables for both companies for the current year. Begin by selecting the formula to compute the days' sales in receivable, Days' sales in receivables Choose from any drop-down list and then click Check Answer. 10 parts remaining Clear All i Data Table Selected income statement data for the current year: el Net Sales Revenue (all on credit) Better Digital Zone Network $ 423,035 $ 496,035 210,000 261,000 0 17,000 ns Cost of Goods Sold Interest Expense let 78 Net Income 62,000 74,000 an Print Done X i Data Table pr th NO Selected balance sheet and market price data at the end of the current year: Better Digital Zone Network on Current Assets: Cash 22,000 24,000 $ 42,000 ies Short-term Investments Accounts Receivables, Net Merchandise Inventory 38,000 64,000 17,000 18,000 45,000 99,000 14,000 ise Prepaid Expenses you $ 185,000 $ 198,000 Total Current Assets on Total Assets $ Total Current Liabilities 261,000 $ 104,000 104,000 323,000 98,000 134.000 Cor Total Liabilities vab Common Stock: 11,000 $1 par (11,000 shares) $1 par (15,000 shares) 15,000 er. Print Done