calculate the firm receivable turnover ASSETS Cash Accounts Receivable Inventory Net Plant and Equipment Total Assets LIABILITIES
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calculate the firm receivable turnover
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ASSETS Cash Accounts Receivable Inventory Net Plant and Equipment Total Assets LIABILITIES AND STOCKHOLDERS' EQUITY Accounts Payable Accrued Expenses Long-Term Debt Common Stock Paid-In Capital Retained Earnings Total Liabilities and Stockholders Equity $ 50.000 70,000 110,000 220.000 $450,000 Sales (all on credit) Cost of Goods Soldi Gross Profit Sales and Administrative Expense Depreciation Operating Profit Interest Expense Profit before Taxes Taxes (30%) Net Income Refer to the figure above. The firm's receivable turnover is______ O 4.4x 10x 1258 14.4x $ 70.000 50.000 MEGAFRAME COMPUTER COMPANY Income Statement For the Year Ended December 31. 2009 130.000 70.000 40,000 90.000 $450,000 $875.000 600,000 275.000 30,000 55.000 190,000 25,000 165,000 49.500 $115.500 ASSETS Cash Accounts Receivable Inventory Net Plant and Equipment Total Assets LIABILITIES AND STOCKHOLDERS' EQUITY Accounts Payable Accrued Expenses Long-Term Debt Common Stock Paid-In Capital Retained Earnings Total Liabilities and Stockholders Equity $ 50.000 70,000 110,000 220.000 $450,000 Sales (all on credit) Cost of Goods Soldi Gross Profit Sales and Administrative Expense Depreciation Operating Profit Interest Expense Profit before Taxes Taxes (30%) Net Income Refer to the figure above. The firm's receivable turnover is______ O 4.4x 10x 1258 14.4x $ 70.000 50.000 MEGAFRAME COMPUTER COMPANY Income Statement For the Year Ended December 31. 2009 130.000 70.000 40,000 90.000 $450,000 $875.000 600,000 275.000 30,000 55.000 190,000 25,000 165,000 49.500 $115.500
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Related Book For
Foundations of Finance The Logic and Practice of Financial Management
ISBN: 978-0132994873
8th edition
Authors: Arthur J. Keown, John D. Martin, J. William Petty
Posted Date:
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