The following information is available for Sheridan Products: Accounts receivable Cost of goods sold Inventory (ending)...

 

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The following information is available for Sheridan Products: Accounts receivable Cost of goods sold Inventory (ending) Net cash provided by operating activities Net sales Capital expenditures Dividends Accounts receivable turnover 2014 Average collection period $68,400 588,240 59,280 250,800 1,008,216 45,600 27,702 2013 $84,360 661,200 77,520 193,800 1,071,600 43,320 Compute the following for 2014: (Round answers to 1 decimal place, e.g. 52.7. Use 365 days for calculation.) 36,480 times days The following information is available for Sheridan Products: Accounts receivable Cost of goods sold Inventory (ending) Net cash provided by operating activities Net sales Capital expenditures Dividends Accounts receivable turnover 2014 Average collection period $68,400 588,240 59,280 250,800 1,008,216 45,600 27,702 2013 $84,360 661,200 77,520 193,800 1,071,600 43,320 Compute the following for 2014: (Round answers to 1 decimal place, e.g. 52.7. Use 365 days for calculation.) 36,480 times days

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