Pul Company has the following details: Sales (60% is on credit) 1,500,000 Cost of Goods Sold (40% of credit sales) Year1: Year 2: Inventory 300,000 250,000 Accounts Payable 90,000 105,000 Total Assets 1,000,000 850,000 Compute the following: 1. Inventory Turnover ratio 2. Accounts Receivable turnover ratio 3. Accounts payable turnover ratio 4. Asset turnover ratio
Pul Company has the following details: Sales (60% is on credit) 1,500,000 Cost of Goods Sold (40% of credit sales) Year1: Year 2: Inventory 300,000 250,000 Accounts Payable 90,000 105,000 Total Assets 1,000,000 850,000 Compute the following: 1. Inventory Turnover ratio 2. Accounts Receivable turnover ratio 3. Accounts payable turnover ratio 4. Asset turnover ratio
Managerial Accounting: The Cornerstone of Business Decision-Making
7th Edition
ISBN:9781337115773
Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Chapter15: Financial Statement Analysis
Section: Chapter Questions
Problem 44E: Whalen Company had net sales of 125,500,250,000. Whalen had the following balances: Required: Note:...
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Pul Company has the following details:
Sales (60% is on credit) 1,500,000
Cost of Goods Sold (40% of credit sales)
Year1: Year 2:
Inventory 300,000 250,000
Accounts Payable 90,000 105,000
Total Assets 1,000,000 850,000
Compute the following:
1. Inventory Turnover ratio
2. Accounts Receivable turnover ratio
3. Accounts payable turnover ratio
4. Asset turnover ratio
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