Apollo Enterprises has $25,800 in receivables and $145,000 in total assets. The total asset turnover rate is 1.5, and the profit margin is 6 percent. What are the days' sales in receivables? a. 49.73 days. b. 43.30 days. c. 64.93 days. d. 59.12 days.

Your company has net sales of $468,300 and average net receivables of $111,500 for the year. Which of the following statements is correct? (Round all calculations to one decimal place.) (a) The receivables turnover ratio is 4.2 and the days-to-collect is 0.01. (b) The receivables turnover ratio is 0.2 and the days-to-collect is 1,520. (c) The receivables turnover ratio is 4.2 and the days-to-collect is 86.9. (d) The receivables turnover ratio is 0.2 and the days-to-collect is 87.6.

Torrid Romance Publishers has total receivables of $2,300.00, which represents 24.00 days’ sales. Total assets are $7,197.36. The firm’s operating profit margin is 4.53%. Find the firm’s asset turnover ratio and ROA. (Use 365 days in a year. Do not round intermediate calculations. Round your answers to 2 decimal places.)         Asset turnover ratio          ROA  %

XYZ's receivables turnover is 4x. The accounts receivable at year-end are $600,000. The average collection period is 90 days. What was the sales figure for the year assuming all sales are on credit? O $6,000,000 O $2,400,000 O $54,000,000 O $60,000

If Cactus, Inc. has annual sales of $83,000, average accounts payable of $30,000, and average accounts receivable of $25,000, Cactus's receivables turnover and average collection period are closest to: Receivables turnover Average collection period A. 2.1 times 174 days B. 3.3 times 110 days C. 4.0 times 91 days

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Company Abel has total sales of $375,000, of which, $125,000 represents cash sales. Its annual average accounts receivable balance is $42,000. What is its accounts receivable turnover in terms of the number of turns? a. 5.95 turns b. 2.97 turns c. 8.92 turns d. 3.0 turns

Days’ Sales in Receivables A company has net income of $265,000, a profit margin of 9.3 percent, and an accounts receivable balance of $145,300. Assuming 80 percent of sales are on credit, what is the company’s days’ sales in receivables?

A firm has $400,000 in credit sales and $100,000 in accounts receivable.Compute accounts receivable turnover and average number of collectiondays. How do these numbers relate to the terms of 2/10, n/30?