outstanding

Q: What is the “days of inventory” in 20x2? (Use 365 days) 30.49 What is the return on assets in 20x2?…

A: Days of Inventory = 365 x Average Inventory / Cost of Sales Return on Assets = Net Profit / Total…

Q: How is Day Sales in Inventory calculated?

A: Inventory turnover ratio: This is a financial measure that is used to evaluate as to how many times…

Q: Define days sales outstanding. What can be learned from it? Does ithave any deficiencies when used…

A: Days sales outstanding: It is the number of days a company takes to collect cash from its credit…

Q: Required: 1. Compute the following turnover ratios. 2. By dividing 365 by your ratios from…

A: Ratio analysis: The analysis of a company using the financial ratios and comparing its trends and…

Q: Accounts receivable turnover %3D

A: Sample company's balance sheet and income statement is given. On the bases of data we can find…

Q: The work paper in the year of sale to eliminate unrealized intercompany profit in ending: a. Credit…

A: Inter transaction- It includes those transaction which are incurred within the subsidiary and…

Q: d) Payables payment period in days e)  Number of days inventory on hand 2. Analyse and interpret…

A: Ratio Analysis The purpose pre preparing the Ratio analysis which indicating the strength and…

Q: How would I go about finding the previous reported sales, when I have the current sales and the…

A: Given: Current Sales Percentage increase in Sales

Q: What does the days’ sales in receivables indicate, and how is it calculated?

A: Day's Sales: Day's sales refer to the average number of days for which a receivable remain…

Q: Gross Margin Ratio Inventory Turnover Days' Sales Uncollected Days Sales in Inventory Accounts…

A: a) Gross margin = Gross profit ÷ Net sales = 1,223,889 ÷ 2,501,554 = 0.4893 or 48.93%

Q: Question  The average collection period is the average amount of time that elapses from a credit…

A: Average Collection Period Average collection period is time allowed by the company to its debtors…

Q: Under the new revenue recognition standard, what most companies do at the end of the period related…

A: Revenue recognition principle: According to revenue recognition principle, when the goods are sold…

Q: Which numbers do I need to use to compute the sales

A: Sales is the dollar value received by selling any number of units.

Q: Which ratio can provide an indication of the salability of the company's products?

A: Accounting ratios, often known as financial ratios, describe the correlations between the figures on…

Q: how do you get sales revenue?

A: Required  How do you get sales revenue?

Q: calculate these g)   Inventory turnover      times (h)   Days in inventory      days (i)   Times…

A: g) For the year 2017

Q: 1. Express the balance sheets in common-size percents. 2. Assuming annual sales have not changed in…

A: Working:   Computation:

Q: Which company takes longer to sell its inventory? Support your answers with figures.

A: Number of days in inventory = 365 days * ((Opening inventory + Closing inventory)/2)/Cost of goods…

Q: Which of the following transactions is affecting the current asset of accounts receivable?

A: a). Journal entry for inventory sold on the account: Accounts receivable A/c Dr.... xxx…

Q: How do you calculate Accounts Receivable (AR) Turnover and the Number of Days' Sales in Receivables?…

A:

Q: Define days' sales in inventory (what do the results mean). Provide an example

A: Days sales in inventory means how much days company will take to convert its inventory into sales.…

Q: I have a couple of questions. PLEASE answer thoroughly and explain.1) Are all types of revenue…

A: Dear student, as you have not mentioned the question number to be answered, so we are answering the…

Q: . The operating cycle is equal to which one of the following?  A.  Inventory period plus the…

A: Operating cycle is computed as follows: Cash operating cycle is computed as follows: Cash…

Q: a. Compute the inventory turnover ratio (ITR). b. Compute the weeks of supply (WS).

A: Inventory Turnover Ratio (ITR) = Cost of Goods sold/Total Inventory Total Inventory = Value of…

Q: ow do we find sales in statement of comprehensive income

A: The question provides the Comprehensive income statement for the financial period from 1st Jan 2019…

Q: How can accounting keep up with the rising sales return rates, especially when it comes to inventory…

A: Management of inventories: Inventory management may be characterized as a system for measuring and…

Q: calculate number of days sales in inventory

A: Days sales in inventory means number of days it takes the firm to sell off its inventory.  Days…

Q: When equipment is sold for morethan book value, how is the transaction recorded? Howis it recorded…

A: Equipment is an Asset. Generally these provides support to the plant so commonly known as Plant…

Q: .Calculate the trends in the sales and cost of sales and comment on the information disclosed by…

A: Trend analysis is the analysis which is used by the company in order to anticipate and made an…

Q: Required a. What was Mason's Cost of Goods Manufactured for the month of August? b. What was the…

A: Manufacturing overhead means the cost which  has been incurred in factory and indirectly related…

Q: Explain how to calculate day’s sales in receivable.

A: Average collection period: Average collection period indicates the number of days taken by a…

Q: 14 - Which of the following is the formula to compute accounts receivable turnover? a) O The formula…

A: Account receivable turnover is the measure for the effective financial and operational performance…

Q: Which one of the following commences on the day inventory is purchased and ends on the day the…

A: Inventory period: It is a measure of the average number of days the inventory is held.

Q: a. Why is a high inventory turnover considered to be a positive indicator?b. Is it possible to have…

A: a.Inventory turnover shows the company’s ability to sell its inventory, it is shown in terms of…

Q: 1) What type of account is Cost of Goods Sold? What statment does it appear on? Is it a Real or…

A: Cost of goods sold is an Account in the nature of expense account and is shown in the Income…

Q: Required a. Compute the accounts receivable turnover for Year 3. b. Compute the inventory turnover…

A: Solution:- a)Calculation of  the accounts receivable turnover for Year 3 as follows:- This ratio…

Q: (a) (b) (c) (d) Explain what is meant by "cost of sales". Calculate the cost of sales for the month…

A: FIFO stans for First in First Out. It is one of a method of valauation of inventory.  Under this…

Q: What does the number of days’ sales uncollected indicate?

A: Accounts receivables refer to the amount that is left to be collected from the customers for the…

Q: Is it possible to have a high inventory turnover and a high number of days’ sales in inventory? Why?

A: Inventory Turnover is calculated to measure the level of inventory hold by the firm compared to…

Q: Questions: 1. Accounts receivable turnover (assume all sales are on account) 2. Average collection…

A: Average accounts receivable= (Opening accounts receivable + Closing accounts receivable)/2…

Conversion Cycle

Conversion cycle is also known as cash cycle or net operating cycle. Conversion cycle refers to how much time a company takes to turn its investments which is done from stock or any other financial resources into cash flows from sales.