Question: The following table presents the data for CanDo Inc. as of December 31, 2018: Accounts payable $126,000 Accounts receivable $165,000 Cash and cash equivalents $106,000

The following table presents the data for CanDo Inc. as of December 31, 2018:

Accounts payable

$126,000

Accounts receivable

$165,000

Cash and cash equivalents

$106,000

CoGS

$271,600

Common stock

$1,090,000

Depreciation

$42,000

Dividend payout ratio

40%

Interest paid

$38,596

Inventory

$175,000

Long-term debt

$1,856,000

Net fixed assets

$2,932,000

Sales

$440,000

Short-term debt

$142,872

Tax rate

31%

Calculate the following financial ratios for CanDo Inc. in the fiscal year of 2019 (round all answers to six decimal places):

Receivables turnover (using avg. accounts receivable from 2018 & 2019)

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Receivables Turnover for CanDo Inc Based on the information provided we can calculate the receivables turnover for CanDo Inc for the fiscal year 2019 using the following steps Identify the required data Sales 440000 given Average Accounts Receivable As the information for accounts receivable ... View full answer

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