for the yea Numbers 1, 2 and 3 are based on the following selected data tak...

 

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for the yea Numbers 1, 2 and 3 are based on the following selected data tak from the financial statement indicated: of Citizens, Inc. 1984 1985 Accounts Receivable (Net). P 40,000 P 42,500 Inventory 40,000 50,000 Current Assets 120,000 140,000 1986 P 45,000 45,000 130,000 Total Assets (Net) Current Liabilities Cash Sales Credit Sales Cost of Sales 700,000 750,000 725,000 70,000 80,000 50,000 400,000 420,000 450,000 120,000 125,000 131,250 310,000 324,000 345,000 Use 360 days = one year 1. Age of receivables in 1986 should be a. 110 days b. 120 days 130 days 2. C. d. none of these Estimate the number of days in inventory for 1985 a. 50 days 3. b. 60 days. 70 days c. d. none of these Turnover of working capital for 1986 is a. 7.15 b. 8.30 C 9.90 d. none of these for the yea Numbers 1, 2 and 3 are based on the following selected data tak from the financial statement indicated: of Citizens, Inc. 1984 1985 Accounts Receivable (Net). P 40,000 P 42,500 Inventory 40,000 50,000 Current Assets 120,000 140,000 1986 P 45,000 45,000 130,000 Total Assets (Net) Current Liabilities Cash Sales Credit Sales Cost of Sales 700,000 750,000 725,000 70,000 80,000 50,000 400,000 420,000 450,000 120,000 125,000 131,250 310,000 324,000 345,000 Use 360 days = one year 1. Age of receivables in 1986 should be a. 110 days b. 120 days 130 days 2. C. d. none of these Estimate the number of days in inventory for 1985 a. 50 days 3. b. 60 days. 70 days c. d. none of these Turnover of working capital for 1986 is a. 7.15 b. 8.30 C 9.90 d. none of these

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