Beardom Gym Center Cash P150,000 Trading Investments 70,000 Receivables: Jan. 1 158,000 Dec. 31 225,000 Merchandise Inventory Jan. 1 250,000 Dec. 31 185,000 Current Liabilities 230,000 Cost of Goods Sold 2,750,000 Credit Sales 4,800,000 Calculate the following: 1. Inventory turnover 2. Receivable turnover 3. Average age of receivables Question; Is Beardom doing a good job in managing inventory and receivables? Explain.
Beardom Gym Center Cash P150,000 Trading Investments 70,000 Receivables: Jan. 1 158,000 Dec. 31 225,000 Merchandise Inventory Jan. 1 250,000 Dec. 31 185,000 Current Liabilities 230,000 Cost of Goods Sold 2,750,000 Credit Sales 4,800,000 Calculate the following: 1. Inventory turnover 2. Receivable turnover 3. Average age of receivables Question; Is Beardom doing a good job in managing inventory and receivables? Explain.
Corporate Financial Accounting
14th Edition
ISBN:9781305653535
Author:Carl Warren, James M. Reeve, Jonathan Duchac
Publisher:Carl Warren, James M. Reeve, Jonathan Duchac
Chapter14: Financial Statement Analysis
Section: Chapter Questions
Problem 14.2BE: Vertical analysis Income statement information for Einsworth Corporation follows: Sales 1,200,000...
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Beardom Gym Center
Cash P150,000
Trading Investments 70,000
Receivables:
Jan. 1 158,000
Dec. 31 225,000
Merchandise Inventory
Jan. 1 250,000
Dec. 31 185,000
Current Liabilities 230,000
Cost of Goods Sold 2,750,000
Credit Sales 4,800,000
Calculate the following:
1. Inventory turnover
2. Receivable turnover
3. Average age of receivables
Question;
Is Beardom doing a good job in managing inventory and receivables? Explain.
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