vuestion 10 pts 19 of 21 (10.com This Test 100 Cherokee Carpesported the following amounts in o the icon to the comparative financi 2018 financial Matements. The 2017 gures are given for comparison a tion) ment. C e Cher wege of 0.807 Abone C Calculate ped estre for both years or 2018. Round Cough Deewhether or th e novedor Round dom 2017 ) 2018 cm The best to writed from 2017 2018. The company's ac e ro the industry average of 30 Requirement 2. Calon Cherokee's accounts receivable mover at Pound to two decimal) How does Cherokee to compare to the industry were recebe umover Cash Cash including th e ST short-term met Hound the accounts receive movers e rec ) o ver of 107 A ARM S 2018 The company's c o vers than industry of 10 Requirement. Calculate the day sales in receives for 2018. Round to the nearest day) How do the results compare Berminvestments Round in calculations to decima XXX, and the days in t o the whole day) Cherokee's credit fot 307 Abbreviations d ans Cashining cash the Choose from any lot of enter any number in the inputs and then continue to the next question la WER Trullole his Question: 10 pts 19 of 21 (10 complete This Test 100 pt Cherokee Carpets reported the following amounts in its 2018 financial statements. The 2017 figures are given for comparison Click the loon to view the comparative financial information.) Read the requirements 2018 2017 The acid-test ratio deteriorated from 2017 to 2018. The company's acid-test ratio is better than the industry average of 0.80 Requirement 2. Calculate Cherokee's accounts receivable turnover (Round to two decimal) How does Cherokee's ratio compare to the industry average accounts receivable lumover of 107 (Abbreviations used Arm receivable turnover ratio Cash Cash including cash equivalents ST invest short-term investments Round the accounts receivable umover to two decimals, 2000) Average not accounts receivable 2018 The company's accounts receivable tumover ratio is better than the industry average of 10 Cash including cash equivalent e Requirement 3. Calculate the days' sales in receivables for 2018. Round to the nearest day) How do the results compare with Cherokee's credit forms of net 307 (Abbreviations used Cash term investments Round interim calculations to two decimal xoc, and the days in receivables to the nearest Whole day) Accounts rec o verato Day' sale in AR 2018 Cherokee's day sales in receivables calculation is a little worse than the company's net 30-day credit period Choose from any list or enter any number in the input fields and then continue to the next question . I Y U TOP 19 of 21 (11 complete) anc i Data Table Rour ash 2018 18. How does Ch Balance sheet-partial Current Assets Cash $ $ 6,000 23,500 12,000 12,500 $ 76,000 $ 63,000 (5,000) pany's 58,000_(4.000) Tnover ents: Short-term Investments Accounts Receivable Less: Allowance for Bad Debts Merchandise Inventory Prepaid Insurance Total Current Assets Total Current Liabilities Income statement partial Net Sales (all on account) 191.000 5,500 bble turnover of 10 72,000 187,000 5,500 289,000 106,000 284,000 104,000 han 747,500 733,000 2018. used: Cash Cas Print Done alds and
