question 14 words that are cut out read total current assets of as of month end

Now Se merchandic Merce .for $19. Mercedes Nowe Merce 0 0 Ac t ies and plant Prepare journal entries to record the following transactions entered into by the Concord Corporation Credit account titles are automatically indented when the amount is entered. Doneinde 2022 Nov. 1 Nov. 5 Nov. 9 l y Record journalen Sold merchandise on account to Mercer, Inc. for $19.000, terms 2/10,30 Mercer, Inc. returned merchandise worth $1,050. Received payment in full from Mercer, Inc. Date Account Titles and Explanation Widos Compras buted months revenue for the first of 2003 as follows: Budgeted Sales Patience and that of each other and that collection of credit Prepare the which showed a recome for the month of April Max and sccurs as follows in the month of the month owing the land 2002. Devery week. Erramount in the second more the Thether in t e Blossom Company reports the following information (in milions during a recent year: net sales, $23.575.2net earnings. 5653.6; total assets, ending. 59.055.2: and total assets, beginning. 58.9334 Calculate the (1) return on assets. (2) asset turnover, and (3) profit margin ratios. Round answers to 1 decimal place. 15.2 or 15.1.) (1) Return on assets (2) Asset turnover (3) Profit margin Compute the maturity value as indicated for each of the following notes receivable. 1. A $9,800,6%, 3-month note dated July 20. Maturity value $ 2. A $17,500,8%, 180-day note dated August 5. (Use 360 days for calculation.) Maturity value $ AN Presented here is basic financial information (in millions) from the annual reports of Ivanhoe and Tamarisk. Ivanhoe Tamarisk Sales $23,300 $15,200 Allowance for doubtful accounts, Jan. 1 79.0 112 Allowance for doubtful accounts, Dec. 31 85.0 114 Accounts receivable balance (gross), Jan. 1 2,800.0 2,400 Accounts receivable balance (gross), Dec. 31 3,000.0 1,400 Calculate the accounts receivable turnover and average collection period for both companies. (Round answers to 1 decimal plac Ivanhoe Tamarisk Accounts receivable turnover times times Average collection period days days Young had the following transactions during March 2022. 1. Young sold and delivered $14,900 of merchandise to Enterprises, terms 2/10,n30. 2. Enterprises also ordered an additional $5.700 worth of goods on the last day of the month. 3. Young lent $1,140 to its company president who promised to repay the loan on the 15day of the next month 4. Young sold old storage sheds to Alt Traders on 3/31. Alt Traders gave a $2,700 promissory note to Young agreeing to pay for the sheds in 3 months. 5. Other current assets totaled $49.000 Young received no cash arising from the above transactions during March. Based only on the above transactions, and ignoring beginning balances.compute the accounts receivable as a percentage of the total current asset places, 8.254 Accounts Receivable