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The following information is available for Wildhorse Products: Accounts receivable 2014 2013 $60,000 $74,000 Cost of goods sold 522,000 580,000 Inventory (ending) 52,000 68,000 Net
The following information is available for Wildhorse Products: Accounts receivable 2014 2013 $60,000 $74,000 Cost of goods sold 522,000 580,000 Inventory (ending) 52,000 68,000 Net cash provided by operating activities 220,000 170,000 Net sales 877,700 940,000 Capital expenditures 40,000 38,000 Dividends 24,300 32,000 Compute the following for 2014: (Round answers to 1 decimal place, e.g. 52.7. Use 365 days for calculation.) Accounts receivable turnover Average collection period days times
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