Sales returns and allowances 180000 net credit sales

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Sales returns and allowances 180,000; Net credit sales 4,620,000; Cost of goods sold 3,360,000; Earnings before interest and taxes (Operating Income) 720,000;Interest on bonds 192,000; Net income 384,000.The accounts receivable turnover is:Select one:a. 6.667 times per year.b.5.5 times per year.
c. 5.714 times per year.d. 5 times per year.
Question 4Benson Company shows the following data on its 2014 financial statements: Accounts receivable, January 1 $720,000; Accounts receivable, December 31 960,000; Merchandise inventory, January 1 900,000; Merchandise inventory, December 31 1,020,000; Gross sales 4,800,000; Sales returns and allowances 180,000; Net credit sales 4,620,000; Cost of goods sold 3,360,000; Earnings before interest and taxes (Operating Income) 720,000;Interest on bonds 192,000; Net income 384,000.The inventory turnover is:

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