Blue Air Inc., has net sales of $767,000 and accounts receivables of $162,000. What are the firm's accounts receivables turnover

Q: A company reports the following: Sales $399,675 Average accounts receivable (net) 54,750 Determine…

A: Accounts receivable turnover is computed by dividing the sales with the average accounts receivable…

Q: Powers Company reported net sales of $1,310,000, average Accounts Receivable, net of $67,500, and…

A: Accounts receivable turnover ratio = Net salesAverage Accounts receivable =$1,310,000$67,500=19.49…

Q: Newark Company has provided the following information: • Cash sales, $640,000 • Credit sales,…

A: Accounting: Accounting is a system, or a process of collecting and organizing economic transactions,…

Q: A company has net income of 213,700 a profit margin of 7.1 percent, and an accounts receivable…

A: Net income = 213,700 Profit margin = 7.1% Sales = Net income/Profit margin          = 213700/0.071…

Q: A company has net sales on account of $1,750,000. Net accounts receivable at the beginning of the…

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

Q: At the beginning of 2021, Clay Ventures has total accounts receivable of $100,000. By the end of…

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

Q: A company had net sales of $660,000, total sales of $810,000, and an average accounts receivable of…

A: Net Sales = $ 660,000 Average Accounts Receivables = $78,000

Q: A company reports the following:Sales…

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

Q: loyd Inc. has sales of $650,000, a net income of $39,000, and the following balance sheet: Cash $…

A: Solution:-a First we need to calculate Current Return on equity ratio Current ROE = Net income /…

Q: Sandhill Co. had a beginning balance in accounts receivable of $65,960 and an ending balance of…

A: Calculation Table Accounts Receivable Balance Amount in $ Beginning balance $65,960 + Credit…

Q: Flyer Company has provided the following information • Cash sales, $325,000 • Credit sales, $850.000…

A: Gross Profit is excess of Net Revenue over cost of manufacturing including all direct costs whereas…

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: The following information is from the annual financial statements of Raheem Company. Year 3 Year 2…

A: Average Accounts Receivable = Opening Accounts Receivable + Closing Accounts Receivable2…

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: If Hot Corporation has a balance in account receivable of P80,000, total assets of P520,000, credit…

A: Here, Accounts Receivables is P80,000 Total Assets is P520,000 Credit Sales is P360,000 Current…

Q: Wall Corporation’s books disclosed the following information as of and for the year ended December…

A: Accounts receivable turnover is a measure how effectively the company is able to collect its…

Q: At the end of the fiscal year, Big Box Depot had account receivables of $1.89 billion on net sales…

A: Ratio analysis helps to analyze the financial statements of the company. The management can take…

Q: y has net sales of 1,630,200 an

A: The accounts receivable turnover ratio,   also known as the debtor’s turnover ratio, is an…

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

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

Q: Company Abel has total sales of $375,000, of which, $125,000 represents cash sales. Its annual…

A: Accounts receivable is the amount of money not paid by customers that is due to the organization for…

Q: Twist Corp. has a current accounts receivable balance of $357,615. Credit sales for the year just…

A: Given Information Current Accounts Receivable balance = $357,615 Credit Sales for year end…

Q: A firm has £520 in inventory, £1,860 in non-current assets, £190 in trade receivables, £210 in trade…

A: Current assets: These are the short term assets. These assets gets liquidated with in a year or…

Q: Khan's had the following accounts at year end: Cash-250,000, Accounts Payable-70,000, Accounts…

A: Introduction: Current Assets: Currents assets are shown in Balance sheet. Assets which can be easily…

Q: Falafel Hut has sales of $512,630. The cost of goods sold is equal to 60 percent of sales. The…

A: The accounts receivable are the current assets of the company. The increase in the credit sales or…

Q: A company had net sales of $570,000, total sales of $720,000, and average accounts receivable, net…

A: Accounts receivable ratio is calculated to know how efficiently the company collects its debts…

Q: Happy Inc. provided the following information: Beginning balance of Accounts receivable P5,000,000…

A: The cash basis system state that the revenue should be recorded when the actual amount of cash is…

Q: Newark Company has provided the following information: • Cash sales, $450,000 • Credit sales,…

A: Total sales is the sum of sales made both in cash and on credit. It is reduced by the amount of…

Q: The following are the year end balances in a business' ledgers: Sales 628,000 Cost of sales 458,000…

A: Introduction: Trial Balance: All the final ledger account balances are posted in Trial balance. To…

Q: Blue Air Inc., has net sales of $735,000 and  accounts receivables of $164,000. What are the firm's…

A: Accounts Receivables Turnover Ratio measures the efficiency of the company in collecting receivables…

Q: Newark Company has provided the following information:Cash sales, $600,000Credit sales,…

A: First step is to compute the Gross sales revenue during the period which is sum total of Cash sales…

Q: Bailey Co earns $27,792 of revenue on account and in $6,256 cash revenue transactions in Year 1.…

A: Under the accrual basis of accounting, recognition of revenues and expenses is made as and when they…

Q: JPJ Corp has sales of $1.27 million, accounts receivable of $52,000, total assets of $4.96 million…

A: (1) Account Receivable Days = (Average Receivable x 365) / Credit Sale Here we are assuming that all…

Q: The current assets of Bulldogs Inc. consists of cash, accounts receivable, and inventory. The…

A: Ratio analysis helps to analyze the financial statements of the company. It is also helpful to…

Q: A company has net sales of $1,531,800 and average accounts recelvable of $414,000. What is Its…

A: Accounts Receivable Turnover Ratio means Net Sales Divided by Average Receivable. It is used to know…

Q: Crane Corp.currently has accounts receivable of $1,093,000 on net sales of $7,334,000. What are its…

A: The computation of accounts receivable turnover ratio: Hence, the accounts receivables turnover…

Q: Marbel had $4,448 million in sales and $1,218 million in ending accounts receivable for the current…

A: Note: Day's sales uncollected determines the no. of days a company take to collect its receivable on…

Q: A company has net income of $196,000, a profit margin of 10.00 percent, and an accounts receivable…

A: The question is based on the concept of ratio analysis.

Q: A company reports the following:Sales…

A: a.Compute accounts receivable turnover ratio.

Q: A company has net income of $182,000, a profit margin of 9.90 percent, and an accounts receivable…

A: Days sales in receivables = Accounts receivable/credit sales *365

Q: A company has net sales of $489,600 and average accounts receivable of $40,800. What is its accounts…

A: Given information is: A company has net sales of $489,600 and average accounts receivable of…

Q: favorable

A: Accounts receivable turnover is a type of financial ratio which is calculated by organizations to…

Q: The financial statements of the Splish Brothers Inc. reports net sales of $325500 and accounts…

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

Q: A company reports the following: Sales $1,057,770 Average accounts receivable (net) 83,950 Determine…

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

Q: IBM had net sales of $81,741 and average accounts receivable of $8,712.  Its competitor, Oracle, had…

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

Q: Flying Tigers, Inc., has net sales of $722,000 and accounts receivables of $152,000. What is the…

A: accounts receivables turnover=net salesaccounts receivables