For the Allak Corp. in 2018: Balance Sheet ($000s): Dec 31, 2018 | Dec 31, 2017...

 

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For the Allak Corp. in 2018: Balance Sheet ($000s): Dec 31, 2018 | Dec 31, 2017 Accounts Receivable: 46,000 | 30,000 Inventories: 66,000 | 65,000 Accounts Payable: 87,000 | 82,600 Days of Cash Cycle (operating cycle): (3.8300) Purchases: 155,200 How much was the Sales for Allak Corp. in 2018? O 307,764 324,862 341,960 359,058 O 376,156 Kahn Corp. sells one product. Extracts from the financial statements for 2016 are as follows. Kahn Corp. uses the FIFO method when accounting for inventories. Year Ending Dec 31, 2016 Revenue: $6,960 Gross Profit: $3,264 Purchases: $4,320 Reported Inventory Turnover Ratio: 1.3628 How much will Kahn Corp. report as total inventory in dollars on Dec 31, 2016? O 2,903 O 3,024 O 3,145 O 3,266 3,387 For the Allak Corp. in 2018: Balance Sheet ($000s): Dec 31, 2018 | Dec 31, 2017 Accounts Receivable: 46,000 | 30,000 Inventories: 66,000 | 65,000 Accounts Payable: 87,000 | 82,600 Days of Cash Cycle (operating cycle): (3.8300) Purchases: 155,200 How much was the Sales for Allak Corp. in 2018? O 307,764 324,862 341,960 359,058 O 376,156 Kahn Corp. sells one product. Extracts from the financial statements for 2016 are as follows. Kahn Corp. uses the FIFO method when accounting for inventories. Year Ending Dec 31, 2016 Revenue: $6,960 Gross Profit: $3,264 Purchases: $4,320 Reported Inventory Turnover Ratio: 1.3628 How much will Kahn Corp. report as total inventory in dollars on Dec 31, 2016? O 2,903 O 3,024 O 3,145 O 3,266 3,387

Answer rating: 100% (QA)

1 option b 324862 is correct LET SALES BE X CCC DIODSODPO DSO Avg AC RECEIVABLE SALES365 Average acc... View the full answer