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The following financial information isfor Alpha Corporationarefor the fiscal years ending 2017 & 2016 (all balances are normal): Item/Account 2017 2016 Accounts Receivable $9,800 $9,400
The following financial information isfor Alpha Corporationarefor the fiscal years ending 2017 & 2016 (all balances are normal):
Item/Account | 2017 | 2016 |
Accounts Receivable | $9,800 | $9,400 |
Inventory | 20,000 | 16,000 |
Net Sales (all credit) | 72,000 | 71,000 |
Cost of Goods Sold | 54,000 | 52,000 |
Net Income | 7,200 | 6,900 |
Use this information to determine for FY 2017: (Round & enter your answers to one decimal place and enter the value.) show your work!
1.theaccounts receivable turnover ratio
2.averagecollection period accounts receivable
3. Gross Profit Margin
4. Profit Margin
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