A company had the following partial list of account balances at year-end: • Sales Revenue: $245,000 • Sales Returns and Allowances: $3,800 • • • Sales Discounts: $5,200 Accounts Receivable: $68,500 Allowance for Doubtful Accounts: $2,100 . Cost of Goods Sold: $142,000 1. Compute the Net Sales Revenue.

The following selected information is taken from the financial statements of Arnn Company for its most recent year of operations: During the year, Arnn had net sales of 2.45 million. The cost of goods sold was 1.3 million. Required: Note: Round all answers to two decimal places. 1. Compute the current ratio. 2. Compute the quick or acid-test ratio. 3. Compute the accounts receivable turnover ratio. 4. Compute the accounts receivable turnover in days. 5. Compute the inventory turnover ratio. 6. Compute the inventory turnover in days.

A company had the following partial list of account balances at year-end: Sales Returns and Allowances $2,500 45,500 3,600 102,500 Accounts Receivable Sales Discounts Sales Revenue Allowance for Doubtful Accounts 2,700 How much is net sales revenue?

Net sale revenue

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How much is net sales revenue?

What is the average accounts payable balance? ?

RTE, Inc., reported the following amounts at the end of the year: Total sales Accounts receivable Sales allowances $970,000 80,000 $950 Allowance for uncollectible accounts 4,200 Sales discounts Sales returns $10,700 $1,300 1. Determine total contra revenues for the company. 2. Determine net sales for the company.

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RTE