Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

The table below is an extract of the Balance Sheet of Esther Bakery Enterprise for the year ending 2019 and 2021. Use table to answer

image text in transcribed

The table below is an extract of the Balance Sheet of Esther Bakery Enterprise for the year ending 2019 and 2021. Use table to answer questions 14-17. Item 2019 2021 Salles 1,500,000 1,800,000 Cost of Goods Sold 1,000,000 1,200,000 Inventory 300.000 350,000 Account Receivable 350.000 375,000 Account Payable 150.000 180,000 12. What is Esther Bakery's Inventory Period for the year ending 2021? 13. Calculate the account receivables period for Esther Bakery for year ending 2021. 14. Calculate the account payables period for Esther Bakery for the year ending 2021 15. How long will Ether Bakery take to Finance their inventory

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

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 Physiology Of Emotional And Irrational Investing Causes And Solution

Authors: Elesa Zehndorfer

1st Edition

1138284637,1351978810

More Books

Students also viewed these Finance questions

Question

2. Identify three sets of rules that govern language use.

Answered: 1 week ago

Question

Determine the amplitude and period of each function.

Answered: 1 week ago