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Question 14 0.5 pts The following information is available for a company for the current year: Net Sales revenue Cost of goods sold Average accounts
Question 14 0.5 pts The following information is available for a company for the current year: Net Sales revenue Cost of goods sold Average accounts receivable Average inventory Average plant, property and equipment Average total assets $ 345,000 205,000 32,500 9,450 81,250 130,000 Which of the following is closest to the company's days to collect ratio for the current year? 91.25 57.84 34.37 84.88 Question 13 0.5 pts The following information is taken from the financial statements of a company for the current year: Current assets Total assets Cost of goods sold Gross margin (gross profit) Net income $395,000 890,000 650,000 200,000 120,000 Use the information above to answer the following question. On a common size income statement for the year, what is the percentage that would be shown for sales revenue? 60% O 13% 14% 100% Question 12 0.5 pts Total current assets Total property, plant and equipment Total current liabilities Total long-term liabilities Common stock, $5 par Paid-in capital in excess of par Retained earnings 2015 $ 500,000 850,000 225,000 300,000 500,000 100,000 225,000 2014 $ 450,000 700,000 195,000 250,000 500,000 100,000 105,000 Use the information above to answer the following question. Which of the following is closest to the company's current ratio for 2015? 6.0 2.57 2.22 2.26
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