Question: need help finding answer how to work out South Texas Trucking Inc. provides the following year end data: 2019 2018 Cash $54.000 $28.000 Accounts Receivable

need help finding answer how to work out

South Texas Trucking Inc. provides the following year end data: 2019 2018 Cash $54.000 $28.000 Accounts Receivable 40.000 38,000 Merchandise Inventory 70.000 | 27 000 Property, Plant & Equip 109.000 93.000 Sales Revenue $370.000 Cost of Goods Sold 140.000 Gross Profit 180.000 Calculate days sales in inventory for 2019 120 126 96 141

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!

South Texas Trucking Inc. provides the following year end data: 2018 2017 Cash $54,000 $28,000 Accounts Receivable 40,000 38,000 Merchandise Inventory 70,000 27,000 Property, Plant & Equip. 109,000...

structions Emails A-0 Planning Audit Program A-3 2019 10-K Date: 21 OCT 2020 00:42:35 +0000 From: "Darlene Wardlaw" Subject: Upcoming Apollo Shoes Engagement Well, first let me congratulate you on...

Hi, Can you help me with these three assignments. Thanks FINANCIAL AND MANAGERIAL ACCOUNTING - Fifth Edition E13-19 Requirements 1. Journalize the transactions. Explanations are not required. 2. How...

THE BUSINESS PART ONE INSTRUCTIONS States and Texas Tas Pete's Patriotene, primary operation is the sofa And Set of how will be This is designed in two parts. The first part provides a review of the...

Auditing Apollo Shoes Assignment Fall 2020 Introduction Apollo Shoes is an audit case designed to introduce you to the entire audit process, from planning the engagement to drafting the final report....

I need E4-7 and E4-11 Completed and I need P5-4B completed...... Please give briefing on how you got answers c04BExercises.qxd 12/7/12 9:53 AM Page 1 B EXERCISES 2 E4-1B (Computation of Net Income)...

Please help answer any of the questions 12,800 4.800 $33850 Rockford Corporation is a wholesale plumbing supply distributor. The corporation was organized in 1981, under the laws of the State of...

I need help on the 1065 partnership return. Its the one with Bilco Products. Thank you for whoever does. :) 2012 Edition Individuals', Corporation, Partnership, and Fiduciary Fact Patterns and Blank...

I got screwed over by a tutor who took my question but when it was due told me he couldn't do it. It was due today but i am going to try to get some credit. I need 6 exercises/problems done. I need...

Assignment: Analysis and Excel Simulation i Saved Help Save & Exit Submit Check my work Use Apple's financial statements in Appendix A to answer the following. Required: 10 1. Using fiscal 2017 as...

Question 7 The diagram below shows the demand for money and the supply of the money. 7.1 Explain why the M D function is downward sloping. 7.2 Suppose the interest rate is at i A . Explain how firms...

We illustrate the MINITAB commands and output for the two-sample r test. The approximate t test is performed if you don't click Assume equal variances. Difference = mu (CI) - mu (C2) Estimate for...

In a grammar G = ( V , T , P , S ) , in production A - > \ alpha , \ alpha is in ( V U T ) * .

11.15 Management has stated that it will tolerate one stockout per year. The forecast of annual demand for a particular SKU is 100,000 units, and it is ordered in quantities of 10,000 units. The lead...

10. How much time does it take between when we collect information until it is used in decision-making?

2. Ask questions, listen rather than attempt to persuade.

9. How much of the information collected will be used in decision-making?