A company reports the following:

Sales	$755,550
Average accounts receivable (net)	50,370

Determine (a) the accounts receivable turnover and (b) the number of days' sales in receivables. Round interim calculations to the nearest dollar and final answers to one decimal place. Assume a 365-day year.

a. Accounts receivable turnover	fill in the blank 1
b. Number of days' sales in receivables	fill in the blank 2

A company reports the following:

Net income	$125,000
Preferred dividends	5,000
Average stockholders' equity	1,126,126
Average common stockholders' equity	585,366

Determine (a) the return on stockholders' equity and (b) the return on common stockholders' equity. If required, round your answers to one decimal place.

a. Return on Stockholders' Equity	fill in the blank 1 %
b. Return on Common Stockholders' Equity

A company reports the following:

Sales	$1,075,750
Average total assets (excluding long-term investments)	827,500

Determine the asset turnover ratio. If required, round your answer to one decimal place. fill in the blank 1

The comparative accounts payable and long-term debt balances for a company follow.

	Current Year	Previous Year
Accounts payable	$47,775	$63,700
Long-term debt	50,922	41,400

Based on this information, what is the amount and percentage of increase or decrease that would be shown on a balance sheet with horizontal analysis? Enter all answers as positive numbers.

	Amount of Change	Increase/Decrease	Percentage
Accounts payable	$fill in the blank 1	IncreaseDecrease	fill in the blank 3 %
Long-term debt

Answer rating: 100% (QA)

a Accounts receivable turnover Sales Average accounts receivable net 755550 5... View the full answer