Cash and cash equivalents Accounts receivable (net) Inventory Other current assets End of Year $800 2,040 830 160 Beginning of Year $79 1.850 870 321

FINANCIAL ACCOUNTING
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Author:Libby
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Chapter1: Financial Statements And Business Decisions
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Cash and cash equivalents
Accounts receivable (net)
Inventory
Other current assets
Total current assets
Total current liabilities
End of Year
$800
Accounts receivable turnover
Average collection period
Inventory turnover
2,040
Days in inventory
830
160
$3,830
$2,060
Beginning of Year
$79
1.850
For the year, net credit sales were $8,258 million, cost of goods sold was $5,328 million, and net cash provided by operating activities
was $1.251 million.
Compute the...
accounts receivable turnover, average collection period, inventory turnover, and days in inventory for the
current year. (Round current ratio to 2 decimal places, e.g. 1.83 and all other answers to 1 decimal place, es 1.8. Use 365 days for calculation)
42
869
870
63
321
57.9
$3,120
$1,600
times
days
times
days
Transcribed Image Text:Cash and cash equivalents Accounts receivable (net) Inventory Other current assets Total current assets Total current liabilities End of Year $800 Accounts receivable turnover Average collection period Inventory turnover 2,040 Days in inventory 830 160 $3,830 $2,060 Beginning of Year $79 1.850 For the year, net credit sales were $8,258 million, cost of goods sold was $5,328 million, and net cash provided by operating activities was $1.251 million. Compute the... accounts receivable turnover, average collection period, inventory turnover, and days in inventory for the current year. (Round current ratio to 2 decimal places, e.g. 1.83 and all other answers to 1 decimal place, es 1.8. Use 365 days for calculation) 42 869 870 63 321 57.9 $3,120 $1,600 times days times days
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