Turnover: $200 000,00 Cost of sales: $140 000,00 Profit before interest and tax: $12 000,00 Accounts receivable: $16 500,00 Accounts payable: $13 000,00 Inventory: $18 750,00 Bank/ (Overdraft): $4 000,00 Calculate Accounts receivable collection period Inventory holding period. Accounts payable payment period
Turnover: $200 000,00 Cost of sales: $140 000,00 Profit before interest and tax: $12 000,00 Accounts receivable: $16 500,00 Accounts payable: $13 000,00 Inventory: $18 750,00 Bank/ (Overdraft): $4 000,00 Calculate Accounts receivable collection period Inventory holding period. Accounts payable payment period
Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Chapter21: The Statement Of Cash Flows
Section: Chapter Questions
Problem 5MC
Related questions
Question
Turnover: $200 000,00
Cost of sales: $140 000,00
Profit before interest and tax: $12 000,00
Accounts receivable: $16 500,00
Accounts payable: $13 000,00
Inventory: $18 750,00
Bank/ (Overdraft): $4 000,00
Calculate
- Accounts receivable collection period
- Inventory holding period.
- Accounts payable payment period
Current ratio - Acid test ratio
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