The following information is available for Cullumber Products: 2014 2013 Accounts receivable $76,800 $94,720 Cost of goods sold 675,840 742,400 Inventory (ending) 66,560 87,040 Net cash provided by operating activities 281,600 217,600 Net sales 1,157,760 1,203,200 Capital expenditures 51,200 48,640 Dividends 31,104 40,960
The following information is available for Cullumber Products: 2014 2013 Accounts receivable $76,800 $94,720 Cost of goods sold 675,840 742,400 Inventory (ending) 66,560 87,040 Net cash provided by operating activities 281,600 217,600 Net sales 1,157,760 1,203,200 Capital expenditures 51,200 48,640 Dividends 31,104 40,960
Financial Accounting Intro Concepts Meth/Uses
14th Edition
ISBN:9781285595047
Author:Weil
Publisher:Weil
Chapter8: Revenue Recognition, Receivables, And Advances From Customers
Section: Chapter Questions
Problem 42P
Related questions
Question
The following information is available for Cullumber Products:
|
2014
|
2013
|
|||
|---|---|---|---|---|
|
|
$76,800 | $94,720 | ||
|
Cost of goods sold
|
675,840 | 742,400 | ||
|
Inventory (ending)
|
66,560 | 87,040 | ||
|
Net cash provided by operating activities
|
281,600 | 217,600 | ||
|
Net sales
|
1,157,760 | 1,203,200 | ||
|
Capital expenditures
|
51,200 | 48,640 | ||
|
Dividends
|
31,104 | 40,960 |
Compute the following for 2014: (Round answers to 1 decimal place, e.g. 52.7. Use 365 days for calculation.)
| Accounts receivable turnover | enter a number of times rounded to 1 decimal place | times |
| Average collection period | enter a number of days rounded to 1 decimal place | days |
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