Procter & Gamble is a multinational corporation that manufactures and markets many products that are probably in
Question:
Procter & Gamble is a multinational corporation that manufactures and markets many products that are probably in your home. Last year, sales for the company were $38, 1 25 (all amounts in millions).
The annual report did not disclose the amount of credit sales, so we will assume that 30 percent of sales was on credit. The average gross margin rate was 45 percent on sales. Account balances follow:
Required:
Compute the turnover for the accounts receivable and inventory, the average age of receivables, and the average ila> s' supply of inventory.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answered By
Ajeet Singh
Hi there! Are you looking for a committed, reliable, and enthusiastic tutor? Well, teaching and learning are more of a second nature to me, having been raised by parents who are both teachers. I have done plenty of studying and lots of learning on many exciting and challenging topics. All these experiences have influenced my decision to take on the teaching role in various capacities. As a tutor, I am looking forward to getting to understand your needs and helping you achieve your academic goals. I'm highly flexible and contactable. I am available to work on short notice since I only prefer to work with very small and select groups of students. Areas of interest: Business, accounting, Project management, sociology, technology, computers, English, linguistics, media, philosophy, political science, statistics, data science, Excel, psychology, art, history, health education, gender studies, cultural studies, ethics, religion. I am also decent with math(s) & Programming. If you have a project you think I can take on, please feel welcome to invite me, and I'm going to check it out!
4+ Reviews
24+ Question Solved
Related Book For 
Question Posted:
