What's Mc A. Directions: Below is the summa Compute the followi sheet of paper. 1. Average Inventory 2. Average Receivable 3. Average Payable 4. Inventory Turnover Ratio 5. Days of Inventories 6. Receivables Turnover Ratic 7. Days of Receivable 8. Payables Turnover Ratio 9. Days of Payable 10. Operating Cycle Accounts Inventory Accounts Receivable Accounts Payable Net Sales Cost of Goods Sold

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 15BEA: Last year, Nikkola Company had net sales of 2,299,500,000 and cost of goods sold of 1,755,000,000....
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A. Directions: Below is the summarized financial information of Redz Company.
Compute the following. Write your answers on a separate
sheet of paper.
1. Average Inventory
2. Average Receivable
3. Average Payable
4. Inventory Turnover Ratio
5. Days of Inventories
6. Receivables Turnover Ratio
7. Days of Receivable
8. Payables Turnover Ratio
9. Days of Payable
10. Operating Cycle
Beginning
Php 2,000,000.00
Php 1,150,000.00
Php 500,000.00
Php 10,000,000.00
Php 6,500,000.00
Ending
Php 3,100,000.00
Php 2,000,000.00
Php 1800,000.00
Accounts
Inventory
Accounts Receivable
Accounts Payable
Net Sales
Cost of Goods Sold
Transcribed Image Text:What's More A. Directions: Below is the summarized financial information of Redz Company. Compute the following. Write your answers on a separate sheet of paper. 1. Average Inventory 2. Average Receivable 3. Average Payable 4. Inventory Turnover Ratio 5. Days of Inventories 6. Receivables Turnover Ratio 7. Days of Receivable 8. Payables Turnover Ratio 9. Days of Payable 10. Operating Cycle Beginning Php 2,000,000.00 Php 1,150,000.00 Php 500,000.00 Php 10,000,000.00 Php 6,500,000.00 Ending Php 3,100,000.00 Php 2,000,000.00 Php 1800,000.00 Accounts Inventory Accounts Receivable Accounts Payable Net Sales Cost of Goods Sold
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