Answer the following questions by using the following data taken from the financial statement of 2 companies: Company ABC Company DEF Annual Sales ( on Credit ) $1,324,600 Annual Sales ( on Credit ) $2,748,308 Cost of Goods Sold $936,720 Cost of Goods Sold $1,709,406 Average Inventory $225,025 Average Inventory $356,394 Average Accounts Receivable $346,007 Average Accounts Receivable $300,000 Average Accounts Payable $175,456 Average Accounts Payable $150,000 1. How much is the approximate Days Payable Outstanding of Company DEF? 2. How much is the approximate Days Inventory Outstanding for Company ABC? 3.How much is the approximate Days Sales Outstanding for Company DEF? 4. How much is the approximate Days Inventory Outstanding for Company DEF
Answer the following questions by using the following data taken from the financial statement of 2 companies:
Company ABC Company DEF
Annual Sales ( on Credit ) $1,324,600 Annual Sales ( on Credit ) $2,748,308
Cost of Goods Sold $936,720 Cost of Goods Sold $1,709,406
Average Inventory $225,025 Average Inventory $356,394
Average Accounts Receivable $346,007 Average Accounts Receivable $300,000
Average Accounts Payable $175,456 Average Accounts Payable $150,000
1. How much is the approximate Days Payable Outstanding of Company DEF?
2. How much is the approximate Days Inventory Outstanding for Company ABC?
3.How much is the approximate Days Sales Outstanding for Company DEF?
4. How much is the approximate Days Inventory Outstanding for Company DEF?
Trending now
This is a popular solution!
Step by step
Solved in 2 steps
