1. If year one equals P800,000, year two equals P840,000, and year three equals P896,000, the percentage to be assigned for year three in a trend analysis, assuming that year 1 is the base year, is?

Q: The following data were provided by Ninety Incorporated for the year 2021: Accounts Receivable,…

A: Revenue is regarded as the income that is raised by the organization from its business operations.…

Q: Using the data in the preceding question, assume accounts receivable had a beginning balance of…

A: Given information is: Net credit Sales = $807,800 Beginning Account Receivables = $67,400 Ending…

Q: For its most recent year a company had Sales (all on credit) of $750,000 and Cost of Goods Sold of…

A: The ratio analysis helps to analyse the financial statements of the business.

Q: ABC company's records included the following, assume 365 days in a year: Accounts Receivable,…

A: Average Accounts Receivables = (Beginning Accounts Receivables  + Ending Accounts Receivables ) /2…

Q: Based on the following data for the current year, what is the number of days' sales in receivables…

A: Number of days' sales in receivable = 365/Accounts receivable turnover Accounts receivable turnover…

Q: If Hot Tubs Inc. had annual credit sales of P2,027,773 and its days sales outstanding was equal to…

A: The calculation of average Accounts Receivables outstanding is shown hereunder : Annual credit sales…

Q: Based on the following data for the current year, what is the number of days' sales in receivables?…

A: Accounts receivable Receivables are payments that have not yet been received. This means that the…

Q: The financial statements of Marigold Manufacturing Company report net sales of $1278000 and accounts…

A: In order to compute the average collection period of account receivable, we need to first determine…

Q: Jinx Company provided the following information for 2013 in relation to accounts receivable:…

A: Formula: Net sales = Credit sales - Sales returns Deduction of sales returns from sales derives the…

Q: If Emperium Inc. had credit sales of 2,027,773 per year and its days sales outstanding was equal to…

A: Days Sales or Receivables Outstanding means the number of days it takes a company to realize cash…

Q: Barga Company's net sales for Year 1 and Year 2 are $669,000 and $750,000, respectively. Its…

A: Solution:- a)Calculation of  the days' sales uncollected at the end of each year as follows under:-

Q: Swiss Clothing Store had a balance in the Accounts Receivable account of $820,000 at the beginning…

A: Income statement: The income statement is one of the three primary financial statements used to…

Q: 4.4 ROE decomposition 2021  Tax Effect    Financial Cost Effect    Operating Margin…

A: ROE: It is a measure of profitability and is estimated by dividing the net income by the equity…

Q: The following data are taken from or calculated from the financial statements: Current…

A: Solution: A) 1) Accounts receivable turnover = Net Credit sales / Average accounts receivable…

Q: The following data are taken from or calculated from the financial statements: Average accounts…

A: Introduction: The percentage of a period's average accounts receivable divided by the period's net…

Q: J & B Company uses the percentage of sales approach to estimate its uncollectible accounts. The…

A: Credit sales = total sales - cash sales = $500000 - 500000*2% = $490, 000

Q: Based on the following data for the current year, what is the number of days' sales in receivables?…

A: Ratio analysis means where different ratio of various years of years companies has been compared and…

Q: Jars Plus recorded $861,430 in credit sales for the year and $488,000 in accounts receivable. The…

A: Allowance for doubtful accounts means where we expect some debts to become bad in near future then…

Q: Maloney Company had net credit sales during the year of $1,200,000 and cost of goods sold of…

A: Accounts receivable turnover: Accounts receivable turnover is a liquidity measure of accounts…

Q: Barga Company's net sales for Year 1 and Year 2 are $666,000 and $747,000, respectively. Its…

A: The ratio analysis helps to analyse the financial statements of the business.  The days' sales…

Q: A company has annual sales of $730 million. If its DSO is 35, what isits average accounts…

A: Calculation of average receivables: Answer: Average account receivables are $70 million.

Q: Required: Determine the following measures for 20V2, rounding to one decimal place, except for…

A: Ratios play an important role in the analysis of the financial performance of an organization during…

Q: balance in account receivable of P80,000, total assets of P520,000, credit sales of P360,000, and…

A: the formula for calculation the account receivable turn ratio is total credit cell of the company is…

Q: The financial statements of the Splish Brothers Inc. reports net sales of $360000 and accounts…

A: The average collection period seems to be the length of time it requires for a company to obtain…

Q: following data for the current year, what is the number of days' sales in receivables (rounded to…

A: Accounts receivable (AR) seems to be the amount owed to a company for products or services provided…

Q: Last year, the Tilden Co. had credit sales in the amount of $470,000, and it had uncollectible…

A: Formula: Estimated uncollectible accounts = Credit sales x percent of estimated uncollectible…

Q: If the accounts receivable turnover is 42 days, what is the account receivable turnover ratio?

A: Accounts receivables are the current assets of the company. The accounts receivables are increased…

Q: Barga Co.'s net sales for Year 1 and Year 2 are $665,000 and $749,000, respectively. Its year-end…

A: Days sales uncollected indicates the cash collection from its sales. It can be calculated by…

Q: The financial statements of the Novak Corp. report net sales of $300000 and accounts receivable of…

A: The answer is as fallows

Q: ABC's sales for this year were $32,250,000 and the Accounts Receivable Turnover Ratio was 15.5. Next…

A: Given, ABC's sales for this year were $32,250,000  &  Accounts Receivable Turnover Ratio was…

Q: ord Corporation had net credit sales during the year of $1116550 and cost of goods sold of $448000.…

A: Average Accounts Receivables = (Beginning Accounts Receivables  + Ending Accounts Receivables ) /2…

Q: For its most recent year a company had Sales(all on credit) of $830,000 and Cost of Goods Sold of…

A: Days of account receivables helps to understand how many days are required by the firm to clear its…

Q: n the current year, Borden Corporation had sales of $2,000,000 and cost of goods sold of $1,200,000.…

A: Journal Entry:   Journal entry has two effects for every transaction. The journal entry is passed by…

Q: heridan Company had net credit sales during the year of $1047750 and cost of goods sold of $484000.…

A: The correct answer is as fallows

Q: ad cash of $11,600, receivables of $48,900, inventory of $37,900 and prepaid expenses totaling…

A: Acid-test ratio:  This ratio shows the times of current assets excluding inventory and prepaid…

Q: Based on the following data for the current year, what is the accounts receivable turnover?   Net…

A: Given the following information: Net sales on account during year: $500,000 Cost of merchandise…

Q: The financial statements of the Sunland Company report net sales of $384000 and accounts receivable…

A: Accounts receivable turnover ratio = Net credit sales / Average Accounts Receivables where, Average…

Q: Blige Corporation had sales revenue of $12,000,000 in 2019 and $15,000,000 in 2020. Accounts…

A: Ratios are the measures of performance of the items of the statement of profit & loss and…

Q: Camden Hardware’s credit sales for the year were $320,000. Accounts receivable at the beginning and…

A: Accounts Receivable Turnover: The accounts receivable turnover ratio determines the ability of a…

Q: A firm has accounts receivables of R352 476, sales just ended of R3 050 291. What is the average…

A: The Financial Ratio is mainly used by the investor for measuring the financial performance of the…

Q: 1. A company, extends credit to its customers. Total Sales is 2 Million, credit Sales is 850,000,…

A: Journal Entry Account Titles and Explanation  Debit   Credit  Bad Debts Expense     21,800…

Q: Determine the NLF, NSF and the liquidity ratio for the FY 2021; Determine the days receivable, Days…

A: A]. NLF = Net Long Term Financing                   = Long Term Financing — Net Fixed Assets =…

Q: 5. Krackle Kon Inc, had credit sales of S3,500,000 last year and its days sales outstanding was…

A: Financial Management: Financial management comprises of two words i.e. Finance and management.…

Q: For its most recent year a company had Sales (all on credit) of $830,000 and Cost of Goods Sold of…

A: Inventory  turnover  ratio = cost of goods sold/Average  Inventory

Q: The financial statements of the Windsor, Inc. report net sales of $372000 and accounts receivable of…

A: Average collection period for accounts receivable = 365 days/Accounts receivable turnover ratio