Please give me Fast answer. The following table presents selected 2020 annual income statement items and balance sheet items for Toyota Motor and Apple. Allfigures are in millions. Use the information to answer the questions that follow.AppleSalesCost of goods soldAccounts receivableToyota¥ 31,097,24524,662,3648,723,065$ 281,515176,55923,12011,061InventoryAccounts payable2,441,9182,450,980a. Calculate the length of the operating cycle for Toyota and Apple.49,296b. Calculate the length of the cash conversion cycle for Toyota and Apple.Note: Negative value should be indicated by parentheses. Round your answers to 1 decimal place.a. operating cycle cash conversion cycleb. cash conversion cycle conversion cycleToyotadaysdaysAppledaysdays

Formula for Operating Cycle:Operating Cycle = Inventory Period + Accounts Receivable PeriodInventory…

Answered: The following table presents selected…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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The following table presents selected 2020 annual income statement items and balance sheet items for Toyota Motor and Apple. All figures are in millions. Use the information to answer the questions that follow. ok Sales Cost of goods sold k Accounts receivable Inventory Accounts payable . Toyota Y 28,735,780 24,562,364 Apple $ 276,515 171,559 8,713,065 18,120 2,436,918 6,061 int ences 2,438,980 a. Calculate the length of the operating cycle for Toyota and Apple. 44,296 b. Calculate the length of the cash conversion cycle for Toyota and Apple. Note: Negative value should be indicated by parentheses. Round your answers to 1 decimal place. - a operating cycle cash conversion cycle b. cash conversion cycle conversion cycle Toyota 36 2 days days Apple days day's
The following table presents selected 2020 annual income statement items and balance sheet items for Toyota Motor and Apple. All ﬁgures are in millions. Use the information to answer the questions that follow. Toyota Apple Sales ¥29,931,992 $ 277,515 Cost of goods sold 24,582,364 172,559 Accounts receivable 8,715,065 19,120 Inventory 2 ,437,918 7,061 Accounts payable 2,441,380 45,296 Calculate the length of the operating cycle for Toyota and Apple. Calculate the length of the cash conversion cycle
The following table presents selected 2020 annual income statement items and balance sheet items for Toyota Motor and Apple. All figures are in millions. Use the information to answer the questions that follow. Sales Cost of goods sold Accounts receivable Inventory Accounts payable Toyota ¥31,095,245 24,602,364 8,717,065 2,438,918 2,443,780 a. operating cycle cash conversion cycle b. cash conversion cycle conversion cycle a. Calculate the length of the operating cycle for Toyota and Apple. b. Calculate the length of the cash conversion cycle for Toyota and Apple. Note: Negative value should be indicated by parentheses. Round your answers to 1 decimal place. Apple Apple $ 278,515 173,559 20, 120 8,061 46,296 Toyota days days days days
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The following balances were reported by ABC Co. at December 31, 2020 and 2019: 12/31/20 P2,600,000 P2,900,000 750,000 12/31/19 Inventory Account payable 500,000 ABC Co. paid suppliers P4,900,000 during 2020. How much is the cost of goods sold in 2020?
Miranda Company reported the following amounts on its 2018 income statement: Purchases, P100,000; Beginning inventory, P20,000; and Cost of goods sold, P110,000. Therefore, the 2018 COST OF GOOD AVAILABLE FOR SALE was ____.
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Zebra Company reports the following figures for the years ending December 31, 2019 and 2018: 　 2019 2018 Net Sales $65,000 $40,000 Cost of Goods Sold 42,000 31,000 Gross Profit $23,000 $9,000 What are the percentage changes from 2018 to 2019 for Net Sales, Cost of Goods Sold and Gross Profit, respectively? (Round your final answers to one decimal place, X.X%) A. 100%, 155.6%, 35.5% B. 62.5%, 35.5%, 155.6% C. 100%, 0.7%, 0.4% D. 155.6%, 62.5%, 35.5%

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