Question
Ratio Analysis The following information was taken from Nash, Inc.'s trial balances as of December 31, 2010, and December 31, 2011. 12/31/2011 12/31/2010 Accounts receivable
Ratio Analysis
The following information was taken from Nash, Inc.'s trial balances as of December 31, 2010, and December 31, 2011.
| 12/31/2011 | 12/31/2010 | ||||||||||
| Accounts receivable | $ 32,000 | $ 39,000 | |||||||||
| Accounts payable | 47,000 | 36,000 | |||||||||
| Sales | 212,400 | 128,000 | |||||||||
| Sales returns | 4,000 | 2,300 | |||||||||
| Retained earnings | 47,000 | 16,000 | |||||||||
| Dividends | 5,000 | 1,000 | |||||||||
| Net income | 36,000 | 9,000 1. Calculate the net profit margin and accounts receivable turnover for 2011. Round your answers to two decimal places.
2. How much does Nash make on each sales dollar? Round your answer to two decimal places. in cents ? |
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Guide To Audit Data Analytics
Authors: AICPA
1st Edition
1945498641, 978-1945498640
