Presented below are select financial data from B&B's annual report: Amounts in millions Year 1 Year 2 Balance sheet Accounts receivable (net) $19,367 $43,765 Inventory Income statement 16,860 16,239 Net sales Cost of goods sold $72,716 $91,498 57,541 58,525 How many days, on average, did it take B&B's to collect an outstanding receivable during Year 2? A. 181.7 days B. 77.2 days C. 174.6 days D. 74.5 days E. None of the Above

COMPUTE FOR THE FOLLOWING ACCOUNTS: (THE BALANCE SHEET SHOULD BALANCE) (In Pesos) Annual Credit Sales 1,800,000 Cash 32,720 Gross Profit Margin 25% Marketable Sec. 25,000 Inventory Turnover 6 Accounts Receivable ? No. of days in a year 365 Inventories ? Average Collection Period 45 days Total Current Assets ? Current Ratio 1.6 Net Fixed Assets ? Total Asset Turnover Ratio 1.2 Total Assets ? Debt ratio 60% Accounts Payable 120,000 Notes Payable ? Accruals 20,000 Gross Profit ? Total Current Liabilities ? Long Term Debt ? *ALL SALES ARE CREDIT SALES Stockholders' Equity 600,000 Total Liab. And Equity ?

A company reports the following: Sales    $572,320Average accounts receivable (net)    20,440Determine (a) the accounts receivable turnover and (b) the number of days' sales in receivables. Round interim calculations to the nearest dollar and final answers to one decimal place. Assume a 365-day year. a.  Accounts receivable turnover    fill in the blank 1b.  Number of days' sales in receivables    fill in the blank 2 days

Jinx Company provided the following information for the current year in relation to accounts receivable: Accounts receivable, January 1                                                      1,300,000Credit sales                                                                                     5,500,000Sales return                                                                                    150,000Accounts written off                                                                       100,000Collections from customers                                                           5,000,000Estimated future sales return on December 31                             50,000Estimated uncollectible accounts per aging at year-end              250,000 What amount should be reported as net realizable value of accounts receivable on December 31?

The following data was generated as of December 31Accounts receivable, Jan 1        550,000.00Accounts receivable collected   875,000.00Cash Sales                                350,000.00Inventory, January 1                  450,000.00Inventory, December 31            275,000.00Purchases                                 950,000.00Gross Margin on Sales              375,000.00 a.) How much is the total sales?b.) How much is the cost of sales?c.) How much is the ending Receivable as of Dec 31?d.) How is the credit sales?

A company reports the following: Sales $1,180,410 Average accounts receivable (net) 56,210 Determine (a) the accounts receivable turnover and (b) the number of days' sales in receivables. Round interim calculations to the nearest dollar and final answers to one decimal place. Assume a 365-day year. a.  Accounts receivable turnover ___________ b.  Number of days' sales in receivables ___________ days

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A company reports the following:   Sales $956,300   Average accounts receivable (net) 73,000 Round your answers to one decimal place. Assume a 365-day year. a.  Determine the accounts receivable turnover.fill in the blank 1 b.  Determine the number of days' sales in receivables.fill in the blank 2

How much is the gross profit for the year? a. 120,000 b. 130,000 C. 132,000 d. 146,000

A company reports the following: Sales $890,600 Average accounts receivable (net) 44,530 Determine (a) the accounts receivable turnover and (b) the number of days' sales in receivables. Round interim calculations to the nearest dollar and final answers to one decimal place. Assume a 365-day year. a. Accounts receivable turnover 20 b. Number of days' sales in receivables 18 X days