55 times per year c 840000 accounts receivable

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b. 5.5 times per year.c. $840,000; Accounts receivable turnover: $4,620,000/$840,000 = 5.5.d. 5.714 times per year.e. 5 times per year.
The following data were abstracted from the 2014 December 31, balance sheet of Andrews Company: Cash $136,000 Marketable securities 64,000. Accounts and notes receivable, net 184,000. Merchandise inventory 244,000. Prepaid expenses 12,000. Accounts and notes payable,short-term 256,000. Short-term accrued liabilities 64,000. Bonds payable, long-term 400,000. The acid-test ratio is:
The working capital of a company is equal toA.
ABC Inc. was incorporated two years ago by issuing 1,000 shares of common stock at $200 and borrowing $30,000 from a bank on a long-term note. Last year, ABC reported net income of $10,000 and paid a cash dividend of $800. During the year, the company also borrowed an additional $7,600 from the bank. What was total assets on ABC's balance sheet at the end of the year last year?
The gross profit percentage decreased from 36.5% in 2014 to 24.8% in 2015. What is the trend inthis change?Select one:a. The trend cannot be determined unless the dollar amount of the change is also know.b. This change represents a downward, or negative, trend.c. This change represents an upward, or favorable, trend.d. The answer depends upon whether net sales increased or decreased during the period.

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