Winter Corporation has issued common stock only. The company has been successful and has a gross profit rate of 20%. The information shown below was
Winter Corporation has issued common stock only. The company has been successful and has a gross profit rate of 20%. The information shown below was taken from the company's financial statements.
Beginning inventory $482,000
Purchases 5,636,000
Ending inventory ?
Average accounts receivable 700,000
Average common stockholders' equity 3,500,000 Sales (all on credit) 7,000,000
Net income 525,000
A. Receivables turnover and the average collection period. If required, round your answers to one decimal place.
Receivables turnover times Average collection period days
B. Inventory turnover and the days in inventory. Round your answers to one decimal place.
1)Inventory turnover times Days in inventory days
C. Return on common stockholders' equity.
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