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The following information is available for Sandhill Products: 2014 2013 Accounts receivable $72.000 $88,800 626,400 696,000 Cost of goods sold Inventory (ending) Net cash provided
The following information is available for Sandhill Products: 2014 2013 Accounts receivable $72.000 $88,800 626,400 696,000 Cost of goods sold Inventory (ending) Net cash provided by operating activities 62.400 81,600 264,000 204,000 Net sales 1,053,240 1,128,000 48,000 45,600 Capital expenditures Dividends 29,160 38,400 Compute the following for 2014: (Round answers to 1 decimal place, eg. 52.7. Use 365 days for Accounts receivable turnover times Average collection period days
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