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Thor Company has to follow financial information for 2017-2019 Calculate the following ratios Thor Company Net Income Nel Sales Total Accets Strange Corporation Return
Thor Company has to follow financial information for 2017-2019 Calculate the following ratios Thor Company Net Income Nel Sales Total Accets Strange Corporation Return on Assets Ratio = Net Income / Avg Asscts Assel Turnover Ralio - Nel Sales / Ave Ansell What do these ratios inform about Thor Company's ? 2017 2018 2019 21500 16134 49450 52250 656/5 68/24 78125 2018 2019 Strange Cormation disclosed the following sales and A/R Balances. Calculate the 2018 and 2019 Accounts Receivable lurnover and then calculate the number of days it takes to collect. Stange Corporation Net Sales Ending Accounts Receivable (nct) 2017 2018 2019 124,300 8,896 127,096 8,120 112,550 6,598 2016 2019 Strange Corporation Accounts receivable turnover = Net Sales / Ave AR Average collection period in days. = 365/AR Turnover Ratio Dribe what these ratios inlicale regarding the company's receivable management
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