Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Pirom Clothers reported the following seleded dems at August 31, 2024 (last year's-2023-amounts also gven as needed) TIH (Cick the icon to view the financat

image text in transcribed
image text in transcribed
image text in transcribed
Pirom Clothers reported the following seleded dems at August 31, 2024 (last year's-2023-amounts also gven as needed) TIH (Cick the icon to view the financat data) terms of rei 30 . (Round diys' sales in receirables to a whote number) (lonore lo lopyoart, uring a 365 -day where needed.) Recevable, Rer = Perenue ? Fgrmis ponfion n Pligrtis accouns iecematia tenover uapo ic Evaluate Pigrim's accounts receivable turnover ratio as strong or weak. Pigrimis accounts receivable turnover ratio is: relative to credt terms of net 30 (c) Compute Pigrim's days' sales in recelvables for the year ending August 31, 2024. (Round days' sales in recekables to a whole number.) Calculate dors' sales in receivables. (lignore leaps years and use a 365 -day year. Round interim calculatiocs to twe decimal places, X Round your final answer to the nearest whole number) =Days5aeasinnotivablas Evaluate Plgrir's days' sales in average receivables as strong or weak. The days sales in average recokvalies are redative to credt tems of net 30 Data table 2024. Eval at: Liab. = Lia

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

More Books

Students also viewed these Accounting questions