The following financial statement data are for Moonbeam Inc. For 2012 and 2013, compute: (a) Accounts receivable
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For 2012 and 2013, compute:
(a) Accounts receivable turnover
(b) Average collection period
(c) Fixed asset turnover
Use the average of the beginning and ending asset balances in computing the ratios.
Accounts receivables are debts owed to your company, usually from sales on credit. Accounts receivable is business asset, the sum of the money owed to you by customers who haven’t paid.The standard procedure in business-to-business sales is that... Asset Turnover
Asset turnover is sales divided by total assets. Important for comparison over time and to other companies of the same industry. This is a standard business ratio.
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2013 2012 Sales 275000 220000 Net receivables Beginning of year 65...View the full answer
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