Calculate the accounts receivable days for Year-End 2019 Alberta Corporation 2019 Income Statement Sales Cost of...

 

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Calculate the accounts receivable days for Year-End 2019 Alberta Corporation 2019 Income Statement Sales Cost of goods sold Selling and Admin. Costs Depreciation EBIT Interest expense EBT Taxes @ 25% Net income Dividends paid Additions to retained earnings Alberta Corporation Balance Sheet, Jan. 1, 2019 Cash Accounts receivable Inventory Current assets Net fixed assets Total assets Alberta Corporation Balance Sheet, Dec. 31, 2019 Cash Accounts Receivable Inventory Current assets Net fixed assets Total assets $500,000 $300,000 $60,000 $50,000 $90,000 $10,000 $80,000 $20,000 $60,000 $20,000 $40,000 $10,000 $20,000 $15,000 $45,000 $300,000 $345,000 $12,000 $22,000 $20,000 $54,000 $400,000 $454,000 Accounts Payable Notes payable Current Liabilities Long term debt Equity Total Liabilities and Equity Accounts Payable Notes Payable Current Liabilities Long term de bt Equity Total Liabilities and Equity Calculate the accounts receivable days for Year-End 2019 $5,000 $10,000 $15,000 $150,000 $180,000 $345,000 $7,000 $14,000 $21,000 $160,000 $273,000 $454,000 Calculate the accounts receivable days for Year-End 2019 Alberta Corporation 2019 Income Statement Sales Cost of goods sold Selling and Admin. Costs Depreciation EBIT Interest expense EBT Taxes @ 25% Net income Dividends paid Additions to retained earnings Alberta Corporation Balance Sheet, Jan. 1, 2019 Cash Accounts receivable Inventory Current assets Net fixed assets Total assets Alberta Corporation Balance Sheet, Dec. 31, 2019 Cash Accounts Receivable Inventory Current assets Net fixed assets Total assets $500,000 $300,000 $60,000 $50,000 $90,000 $10,000 $80,000 $20,000 $60,000 $20,000 $40,000 $10,000 $20,000 $15,000 $45,000 $300,000 $345,000 $12,000 $22,000 $20,000 $54,000 $400,000 $454,000 Accounts Payable Notes payable Current Liabilities Long term debt Equity Total Liabilities and Equity Accounts Payable Notes Payable Current Liabilities Long term de bt Equity Total Liabilities and Equity Calculate the accounts receivable days for Year-End 2019 $5,000 $10,000 $15,000 $150,000 $180,000 $345,000 $7,000 $14,000 $21,000 $160,000 $273,000 $454,000

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To calculate the accounts receivable days for YearEnd 2019 well use the formula Accoun... View the full answer