Accounts Receivable Analysis A company reports the following: Sales $4,000,000 Average accounts receivable (net) 200,000 Determine (a) the accounts receivable turnover and (b) the number of days' sales in receivables. Round interim calculations to the nearest dollar and final answers to one decimal place. Assume a 365-day year. a.  Accounts receivable turnover   b.  Number of days' sales in receivables  days

Q: The financial statement of Minnesota Mining and Manufacturing Company ( 3M ), report net sales of…

A: Account Receivable Turnover =  Net Credit Sales Average Account Receivable Net Credit Sales = Total…

Q: Accounts Receivable Analysis A company reports the following: Sales $439,460 Average accounts…

A:

Q: Accounts Receivable Analysis A company reports the following: Sales $6,862,000 Average accounts…

A: Solution a:  Accounts receivable turnover = Sales / Average accounts receivable (net) = 6862000 /…

Q: 7. Assuming a 365-day year, how long (in average days) does the collectibles from customers stay as…

A: Ratio analysis:   It is a method used to interpret and analyze the financial data of the company…

Q: Accounts Receivable Analysis The following data are taken from the financial statements of Sigmon…

A: Ratio analysis is a method of measuring the financial position of the organization with different…

Q: Accounts receivable management This table, . shows that Blair Supply had an end-of-year accounts…

A: In order to increase the sales revenue, the business organization sells their goods on the credit…

Q: Accounts receivable analysis A company reports the following: Sales $4,560,000 Average…

A: Accounts receivable means the money owed by debtors.

Q: The financial statements of Minnesota Mining and Manufacturing Company (3M) report net sales of…

A: Average collection period = 365/ Accounts receivable  turnover where, Accounts receivable  turnover…

Q: A company reports the following: Sales Average accounts receivable (net) $511,000 73,000 Determine…

A: Sales = 511,000 Average Accounts Receivables (net) = 73,000

Q: A company reports the following:Sales…

A: (a)Accounts receivable turnover = Credit sales / Average accounts receivableAccounts receivable…

Q: Accounts Receivable Analysis A company reports the following: Sales $192,720 Average accounts…

A: The accounts receivable turnover ratio indicates the efficiency of a company in collecting the…

Q: A company reports the following: Sales $303,680 Average accounts receivable (net) 23,360 Determine…

A: Accounts receivable turnover ratio shows how quickly company is able to collect amount from the…

Q: Assuming a 365-day year, how long (in average days) does the collectibles from customers stay as…

A: Assuming a 365-day year, how long (in average days) does the collectibles from customers stay as…

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: ccounts Receivable Analysis A company reports the following: Sales…

A: a) Account Receivable Turnover: Calculate the accounts receivable turnover as shown below: Account…

Q: Accounts receivable turnover and days’ sales in receivables For two recent years, Robinhood Company…

A: 1. Ratio Analysis - Ratio analysis is the method of getting various ratio which indicates the…

Q: A company reports the following: Sales $1,180,410 Average accounts receivable (net) 56,210…

A: Given: Sales = $1,180,410 Average accounts receivables = $56,210

Q: The following data are taken from the financial statements of Basinger Inc. Terms of all sales are…

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

Q: Accounts Receivable Analysis A company reports the following: Sales $755,550 Average accounts…

A: 1. Accounts Receivable Turnover - This ratio indicates the company’s ability to extend credit to the…

Q: Accounts Receivable Analysis The following data are taken from the financial statements of Sigmon…

A: Accounts receivable (AR) is the balance owed to a business for goods or services delivered or used…

Q: Accounts Receivable Turnover and Average Collection Period  The Outback Corporation disclosed the…

A: Requirement 1:   Compute the accounts receivable turnover ratio for 2018.

Q: Accounts Receivable Analysis A company reports the following: Sales $408,800 Average accounts…

A: a)

Q: Recent financial statements of Marin Ship Builders, Inc. report net sales of $636,800,000. Accounts…

A: Average Net Receivables = (Receivable at Beginning + Receivable at the End) / 2 Average Net…

Q: Accounts Receivable Analysis A company reports the following: Sales $419,750 Average accounts…

A:

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

A: The answer is as fallows

Q: company reports the followin Sales $890,600 Average accounts receivable (net) 44,530 Determine (a)…

A: Ratio analysis: It refers to the quantitative technique of financial analysis that allows gaining an…

Q: Accounts Receivable Analysis A company reports the following: Sales $558,450 Average accounts…

A: a. Compute the accounts receivable turnover ratio:

Q: A company reports the following: Sales $671,600 Average accounts receivable (net) 67,160 Determine…

A: Accounts receivable turnover = Sales / Average Accounts receivable where, Average Accounts…

Q: A company reports the following: Sales $1,460,000 Average accounts receivable (net) 100,000…

A: a. Accounts receivable turnover = Net sales / average accounts receivable Accounts receivable…

Q: COMPUTE FOR THE FOLLOWING ACCOUNTS: (THE BALANCE SHEET SHOULD BALANCE) (In Pesos) Annual Credit…

A: SOLUTION FORMULA - DEBTOR TURNOVER RATIO = NET CREDIT SALES / ACCOUNTS RECEIVABLE. AVERAGE…

Q: A company reports the following:   Sales $1,359,990   Average accounts receivable (net) 83,950…

A: Accounts receivable turnover = Sales/Average accounts receivable Number of days' sales in…

Q: Current Attempt in Progress The financial statements of Minnesota Mining and Manufacturing Company…

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

Q: A company reports the following: Sales $429,240 Average accounts receivable (net) 30,660 Determine…

A: Ratio analysis is a method of measuring the financial position of the organization with different…

Q: Calculating the Average Collection Period Trout Lumber Yard has a current accounts receivable…

A: Given, Accounts receivable = $527,164 Total credit sales = $6,787,626 Number of days in a year = 365…

Q: A company reports the following: Sales $1,092,080 Average accounts receivable 49,640 (net) Determine…

A: Accounts receivable turnover = Sales/Average accounts receivable Number of days' sales in…

Q: A company reports the following:Sales…

A: a.Compute accounts receivable turnover ratio.

Q: Accounts receivable turnover and days' sales in receivables For two recent years, Robinhood Company…

A: Formula: Average accounts receivable = ( Beginning receivables + Ending receivables ) / 2 Sum of…

Q: Accounts receivable turnover and days' sales in receivablesFor two recent years, Robinhood Company…

A: Accounts receivable turnover is calculated by dividing the sales by the average accounts receivable.…

Q: Accounts Receivable Analysis A company reports the following: Sales $854,100 Average accounts…

A: The calculation of Accounts Receivables turnover and number of days' sales in Receivables is shown…

Q: Recent Financial statements of General Mills, Inc. reported net sales of $12,442.000,000. Accounts…

A: Accounts receivable   Beginning of the year (A) $912,000,000 End of the year (B) $953,000,000…

Q: A company reports the following:   Sales $1,200,000   Average accounts receivable (net) 50,000…

A: Formulas: Accounts receivables turnover = Sales/Average accounts receivables…

Q: Accounts receivable turnover and days’ sales in receivables For two recent years, Robinhood Company…

A: Particulars 20Y9 20Y8 Opening Accounts Receivables 610000 530000 Closing Accounts Receivables…

Q: XYZ's receivables turnover is 4x. The accounts receivable at year-end are $600,000. The average…

A: Receivable turnover ratio is calculated as follows: = Net credit sales / Average account receivable

Q: A company reports the following: Sales $117,530 Average accounts receivable (net) 16,790 Determine…

A: Ratio analysis is a method of measuring the financial position of the organization with different…

Q: How do I find the turnover and number of days' sales in receivables?

A: a. Computation of accounts receivable turnover: Hence, the accounts receivables turnover is 27…

Q: Accounts Receivable Analysis A company reports the following: Sales $1,292,830 Average accounts…

A: Accounts Receivable Turnover Ratio: It refers to a ratio which states how effective a company is in…