Question: Calculate the receivables turnover inventory turnover and average collection period
Calculate the receivables turnover, inventory turnover, and average collection period for a firm, given the following accounting data: accounts receivable are $500,000; accounts payable are $305,000; inventory is $650,000; gross profit is $550,000; sales are $950,000. Interpret the receivables turnover, inventory turnover, and the average collection period.
Relevant QuestionsCalculate book value per share, dividend yield, dividend payout, market-to-book ratio, earnings per share, and price-to-earnings ratio given the following information: shareholders’ equity is $945,000; number of shares ...Determine the price-earnings ratio, market-to-book ratio, and EBITDA ratio for year 2.Using the DuPont system, what are Excelsior Inc.’s net profit margin, asset turnover, and leverage ratio in year2?Franklin is trying to decide whether or not to take a philosophy course next semester. He finds the topic interesting, but being a business student, he wants to measure the cost of taking the course. After detailed thought ...Two friends, Abe and Betty, are planning for their retirement. Both are 20 years old and plan on retiring in 30 years with $1 million each. Betty plans on making annual deposits beginning in one year (total of 30 deposits) ...
Post your question