Question: Dalhart Feeders, Inc. Selected Comparative Financial Statement Information Selected Comparative Income Statement Information Year Ended 12-31-2014 Year Ended 12-31-2015 Year Ended 12-31-2016 Sales Revenue (Net)
Dalhart Feeders, Inc.
Selected Comparative Financial Statement Information
| Selected Comparative Income Statement Information | |||
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| Year Ended 12-31-2014 | Year Ended 12-31-2015 | Year Ended 12-31-2016 |
| Sales Revenue (Net) | $5,310,000 | $5,510,000 | $5,790,000 |
| Cost of Goods Sold | $2,550,000 | $2,730,000 | $2,920,000 |
| Bad Debt Expense | $132,750 | $137,750 | $144,750 |
| Selected Comparative Balance Sheet Information | ||||
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| 12-31-2013 | 12-31-2014 | 12-31-2015 | 12-31-2016 |
| Accounts Receivable (Net) | $510,000 | $560,000 | $630,000 | $760,000 |
| Inventory | $330,000 | $310,000 | $290,000 | $280,000 |
| Accounts Payable | $200,000 | $220,000 | $250,000 | $280,000 |
Please compute and provide the following information. Show supporting computations for the year ended 12-31-2014. Since the same computational logic will be used for the two following years, no supporting computations are necessary for those years.
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| Year Ended 12-31-2014 | Year Ended 12-31-2015 | Year Ended 12-31-2016 |
| Cash Receipts from Customers |
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| Accounts Receivable Turnover |
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| Average Days for Customers to Pay |
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| Gross Profit Percentage |
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| Bad Debt Expense as a Percentage of Sales Revenue (Net) |
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| Inventory Turnover |
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| Average Days for Inventory to Sell |
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| Cash Payments for Inventory |
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| Accounts Payable Turnover |
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| Average Days to Pay Inventory Vendors |
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| Average Days Cash-to-Cash |
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