Answered step by step
Verified Expert Solution
Question
1 Approved Answer
please show step by step so I can understand thank you just need the DSO part pleae thank you Data Table Days in year Inventory
please show step by step so I can understand thank you
just need the DSO part pleae thank you
Data Table Days in year Inventory turnover = Days' inventory outstanding (DIO) 106.1 365 3.44 2018 2017 365 3.94 92.6 2018 2017 2016 d. Accounts receivable turnover. Balance sheet: Select the formula and then enter the amounts to calculate accounts receivable turnover. (Round the ratios to two dec Cash doll . . . . . . . . . . . 45,000 . . . . . . . . . = Short-term investments 24,000 | Net credit sales 501,000 512,000 2018 2017 Average net receivables 74,500 1 $ 50,500 $ $ Net receivables Acounts receivable turnover 6.72 10.14 76,000 39,000 $ 13,000 73,000 87,000 12,000 25,000 68,000 Inventory 75,000 7,000 Prepaid expenses e. Days' sales in average receivables or days' sales outstanding (DSO). Total current assets 227,000 Select the formula and then enter the amounts to calculate days' sales in average receivables or days' sales outstandi to one decimal place, X.X.) Accounts payable 224,000 60,000 131,000 50,000 55,000 Total current liabilities 93,000 = Days' sales outstanding (DSO) 2018 2017 Income statement: Net credit sales Cost of goods sold 501,000 $ 279,000 512,000 282,000Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started