A company reports the following:Sales                                                         $1,500,000Average accounts receivable (net)              100,000Determine (a) the accounts receivable turnover and (b) the number of days’ sales in receivables. Round to one decimal place.

Q: Accounts receivable turnover and days' sales in receivables For two recent years, Robinhood Company…

A: The ratio analysis helps the management to evaluate the firm's financial situation and also helps in…

Q: A company reports the following: Sales $1,460,000 Average accounts receivable (net) 100,000…

A: a Account  receivable turnover=sales/ average account receivable (net) =$1,460,000/$100,000 =14.6

Q: A company reports the following: Sales $399,675 Average accounts receivable (net) 54,750 Determine…

A: Accounts receivable turnover is computed by dividing the sales with the average accounts receivable…

Q: The financial statement of Minnesota Mining and Manufacturing Company ( 3M ), report net sales of…

A: Account Receivable Turnover =  Net Credit Sales Average Account Receivable Net Credit Sales = Total…

Q: Last year, Dogwood Company had net sales of $9,690,000 and cost of goods sold of $4,812,000. Dogwood…

A: Accounts receivable turnover ratio = Net credit sales / Average accounts receivable

Q: Accounts receivable turnover and days’ sales in receivables For two recent years, Robinhood Company…

A: Accounts receivable turnover = Net Credit sales / Average account receivable  Accounts receivable…

Q: A company reports the following: Sales    $572,320 Average accounts receivable (net)    20,440…

A: The question is related to Ratio Analysis. The Accounts Receivables Turonver Ratio is calculated…

Q: Determine (a) the accounts receivable turnover and (b) the number of days' sales final answers to…

A: Solution: Number of days sales in receivable represents the average number of days a company takes…

Q: Accounts Receivable Analysis A company reports the following: Sales $3,150,000 Average accounts…

A: Account Receivables turnover ratio: Account Receivables turnover ratio is mainly used to evaluate…

Q: Accounts receivable turnover and days' sales in receivables For two recent years, Robinhood Company…

A: In order to determine the accounts receivable turnover ratio, the average accounts receivable are…

Q: Mifflin Co. reported the following for the current year: net sales of $60,000; cost of goods sold of…

A: Financial ratio: It can be defined as the relative magnitude of two selected financial values taken…

Q: A company reports the following Infommation for the year. Net credit sales $110,000 12,000 98,000…

A: Receivables turnover Ratio: The receivable turnover ratio is a kind of measuring ratio how the is…

Q: Accounts receivable analysis A company reports the following: Sales $4,560,000 Average…

A: Accounts receivable means the money owed by debtors.

Q: A company reports the following:Sales…

A: (a)Accounts receivable turnover = Credit sales / Average accounts receivableAccounts receivable…

Q: Accounts receivable turnover and days' sales in receivables For two recent years, Robinhood Company…

A: Calculation of accounts receivable turnover ratios Accounts receivable turnover ratio = Net Sales/…

Q: Los Altos, Inc. has an accounts receivable turnover of 20. What is the company's average collection…

A: Formula: Average collection period = 365 days / Accounts receivable turnover. Division of 365 days…

Q: Accounts Receivable Analysis A company reports the following: Sales $192,720 Average accounts…

A: The accounts receivable turnover ratio indicates the efficiency of a company in collecting the…

Q: A company reports the following: Sales $303,680 Average accounts receivable (net) 23,360 Determine…

A: Accounts receivable turnover ratio shows how quickly company is able to collect amount from the…

Q: What is the number of days’ sales in receivables?  Round to one decimal place. Group of answer…

A: Number of days' in receivables Days Sales Outstanding (DSO) represents the average number of days it…

Q: Jars Plus recorded $861,430 in credit sales for the year and $488,000 in accounts receivable. The…

A: Allowance for doubtful accounts means where we expect some debts to become bad in near future then…

Q: JKL Company’s sales are $1,000,000 and 80% of those sales are on credit. The beginning and ending…

A: Average Collection Period: In terms of Accounts Receivable, the average collection time of the…

Q: Accounts receivable turnover and days’ sales in receivables For two recent years, Robinhood Company…

A: 1. Ratio Analysis - Ratio analysis is the method of getting various ratio which indicates the…

Q: Accounts Receivable Analysis A company reports the following: Sales $755,550 Average accounts…

A: 1. Accounts Receivable Turnover - This ratio indicates the company’s ability to extend credit to the…

Q: y has net sales of 1,630,200 an

A: The accounts receivable turnover ratio,   also known as the debtor’s turnover ratio, is an…

Q: If Cactus, Inc. has annual sales of $83,000, average accounts payable of $30,000, and average…

A: Sales = $83000 Account payable = $30000 Accounts receivable = $25000

Q: A company reports the following: Sales $859,940 Average accounts receivable (net) 45,260…

A: Account Receivables turnover ratio: Account Receivables turnover ratio is mainly used to evaluate…

Q: Accounts Receivable Analysis A company reports the following: Sales $408,800 Average accounts…

A: a)

Q: Accounts Receivable Analysis A company reports the following: Sales $419,750 Average accounts…

A:

Q: company reports the followin Sales $890,600 Average accounts receivable (net) 44,530 Determine (a)…

A: Ratio analysis: It refers to the quantitative technique of financial analysis that allows gaining an…

Q: ord Corporation had net credit sales during the year of $1116550 and cost of goods sold of $448000.…

A: Average Accounts Receivables = (Beginning Accounts Receivables  + Ending Accounts Receivables ) /2…

Q: A company reports the following: Sales $838,040 Average accounts receivable (net) 51,100 Round your…

A: Formula: Accounts receivable turnover ratio = Net sales / Average accounts receivable Average…

Q: A company reports the following: Sales $671,600 Average accounts receivable (net) 67,160 Determine…

A: Accounts receivable turnover = Sales / Average Accounts receivable where, Average Accounts…

Q: The financial statements of the Blue Spruce Corp. reports net sales of $372000 and accounts…

A: The average collection period indicates the time period the business takes to collect amounts from…

Q: A company reports the following Sales $1,200,000 Average accounts receivables (net) 50,000 Determine…

A: Accounts receivables are the legal enforceable claims by the company for the products supplied to…

Q: COMPUTE FOR THE FOLLOWING ACCOUNTS: (THE BALANCE SHEET SHOULD BALANCE) (In Pesos) Annual Credit…

A: SOLUTION FORMULA - DEBTOR TURNOVER RATIO = NET CREDIT SALES / ACCOUNTS RECEIVABLE. AVERAGE…

Q: Gandi brothers has DSO of 22 days and its annual sales on account are $7,665,000. Assume number of…

A: Days sales outstanding = 22 days  Annual sales = $7,665,000 Number of days in a year = 365 days…

Q: Blue Air Inc., has net sales of $735,000 and  accounts receivables of $164,000. What are the firm's…

A: Accounts Receivables Turnover Ratio measures the efficiency of the company in collecting receivables…

Q: A company reports the following:   Sales $1,359,990   Average accounts receivable (net) 83,950…

A: Accounts receivable turnover = Sales/Average accounts receivable Number of days' sales in…

Q: Accounts Receivable Analysis A company reports the following: Sales $4,000,000 Average accounts…

A: a. Calculate the accounts receivable turnover.

Q: Calculating the Average Accounts Receivable, the Accounts Receivable Turnover Ratio, and the…

A: Given in the question: Net Sales = $8,987,000 Accounts receivables on January 1 = $725,000 Accounts…

Q: A company reports the following:   Sales $956,300   Average accounts receivable (net) 73,000 Round…

A: Accounts receivable turnover ratio helps stakeholders to identify that how company are managing…

Q: Crane Corp.currently has accounts receivable of $1,093,000 on net sales of $7,334,000. What are its…

A: The computation of accounts receivable turnover ratio: Hence, the accounts receivables turnover…

Q: SheridanStore had a balance in the Accounts Receivable account of $510000 at the beginning of the…

A: Cost Accounting: It is the process of collecting, recording, analyzing the cost, summarizing cost,…

Q: A company reports the following: Sales $1,092,080 Average accounts receivable 49,640 (net) Determine…

A: Accounts receivable turnover = Sales/Average accounts receivable Number of days' sales in…

Q: Accounts Receivable Analysis A company reports the following: Sales $854,100 Average accounts…

A: The calculation of Accounts Receivables turnover and number of days' sales in Receivables is shown…

Q: A company reports the following:   Sales $1,200,000   Average accounts receivable (net) 50,000…

A: Formulas: Accounts receivables turnover = Sales/Average accounts receivables…

Q: Accounts receivable turnover and days’ sales in receivables For two recent years, Robinhood Company…

A: Particulars 20Y9 20Y8 Opening Accounts Receivables 610000 530000 Closing Accounts Receivables…

Q: A company reports the following: Sales $1,057,770 Average accounts receivable (net) 83,950 Determine…

A: Accounts receivable turnover ratio = Net credit sales / Average Accounts Receivables where, Average…

Q: How do I find the turnover and number of days' sales in receivables?

A: a. Computation of accounts receivable turnover: Hence, the accounts receivables turnover is 27…

Q: Flying Tigers, Inc., has net sales of $722,000 and accounts receivables of $152,000. What is the…

A: accounts receivables turnover=net salesaccounts receivables