Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Sep 03, 2024

Sales 4,200,000; Gross profit 2,700,000; Receivables 630,000; Payables 275,000; Inventory 300,000. ABC calculates its financial ratios based on being open for business 6 days per

Sales 4,200,000; Gross profit 2,700,000; Receivables 630,000; Payables 275,000; Inventory 300,000. ABC calculates its financial ratios based on being open for business 6 days per week for 50 weeks per year. ABCs days sales outstanding were ?

Step 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

Recommended Textbook for

The Audit Process Principles Practice And Cases

Authors: Iain Gray, Stuart Manson,

4th ISA Edition

1844806782, 9781844806782

More Books

Students also viewed these Accounting questions

Question

★★★★★

Use the following heights (in.) The data are matched so that each column consists of heights from the same family. a. Are the three samples independent or dependent? Why? b. Find the mean, median,...

Answered: 1 week ago

Question

★★★★★

12.34 What diagnostic plot can you use to determine whether the assumption of equal variance has been violated? What should the plot look like when the variances are equal for all values of x?

Answered: 1 week ago

Question

★★★★★

Osmond Manufacturing Company produces a single product. The following data apply to the standard cost of materials and labor associated with making the product. During the year, the company made...

Answered: 1 week ago

Question

★★★★★

Pregunta 1 Redford, Inc. ha proporcionado los siguientes datos: Precio de venta $200.00 por unidad Ventas 6,000 Unidades Costo fijo $300,000 Coste variable $100.00 por unidad Si el margen de...

Answered: 1 week ago

Question

★★★★★

C Program: I need a formula I can use to map through a 2D array to input a key. I have the parameters int key and int index. I have a pointer struct already. I'm confused on how to use % with the...

Answered: 1 week ago

Question

★★★★★

Coburn (beginning capital, $57,000) and Webb (beginning capital $93,000) are partners. During 2022, the partnership earned net income of $65,000, and Coburn made drawings of $19,000 while Webb made...

Answered: 1 week ago

Question

★★★★★

Your company has an Azure subscription. You plan to create a virtual machine scale set named VMSS1 that has the following settings: Resource group name: RG1 Region: West US Orchestration mode:...

Answered: 1 week ago

Question

★★★★★

Lila invested $10,000 in one of Long Life Insurance Company's annuity contracts. When issued, the contract was paying a 5 percent rate of return. Two years later, Long Life increased this rate to 7...

Answered: 1 week ago

Question

★★★★★

Write a brief summary or outline of the three (3) most important mathematical concepts worked on during the week and post it on this forum. Remember to include the topic of the line graph and how it...

Answered: 1 week ago

Question

★★★★★

# 3 [36.33] A cracked beam is similar in geometry to that of Problem #1 except that the vertical location of the crack is arbitrary at position y from the centerline. The applied load is uniformly...

Answered: 1 week ago

Question

★★★★★

Classify each of the following questions as either traditional or behavioral and prepare a response to each question based on your experience. (Objective 3) a. Give me an example of a time when you...

Answered: 1 week ago

Question

★★★★★

Prepare the targeted application letter to accompany the targeted rsum that you prepared for Chapter 16. (Objective 1) (Hint: Be sure your letter addresses all four purposes of a persuasive message.)

Answered: 1 week ago

Question

★★★★★

Describe three types of employment-related letters that you may write in addition to an application letter. (Objective 4)

Answered: 1 week ago

Previous Question Next Question