Simeon Company's balance sheet accounts follow. The company's income statements for the years ended December 31, 2009

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Simeon Company's balance sheet accounts follow.

Simeon Company's balance sheet accounts follow.  .:. The compan

The company's income statements for the years ended December 31, 2009 and 2008, follow. Assume that all sales are on credit.

Simeon Company's balance sheet accounts follow.  .:. The compan

Required:
1. Compute days' sales uncollected. (Round your answer to 1 decimal place.)
2009 ____________days
2008 ____________days
2. Compute accounts receivable turnover. (Round your answer to 1 decimal place.)
2009 ____________times
2008 ____________times
3. Compute inventory turnover. (Round your answer to 1 decimal place.)
2009 ____________times
2008 ____________times
4. Compute days' sales in inventory. (Round your answer to 1 decimal place.)
2009 ____________days
2008____________days

Balance Sheet
Balance sheet is a statement of the financial position of a business that list all the assets, liabilities, and owner’s equity and shareholder’s equity at a particular point of time. A balance sheet is also called as a “statement of financial...
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Managerial Accounting

ISBN: 978-1259307416

16th edition

Authors: Ray Garrison, Eric Noreen, Peter Brewer

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