Question: The following balance sheet information was provided by Bentom Company: Assets Cash 2019 2018 $3,500 $3,000 Accounts receivable $22,500 $20,500 Inventory $39,000 $45,000 Assuming 2019 net credit sales totaled $135,000, what were the company's average days to collect receivables?

The following is select financial statement information from Vortex Computing: Year Net Credit Sales Ending Accounts Receivable 2018 $1,557,200 $398,000 2019 $1,755,310 $444,400 2020 $1,865,170 $500,780   Compute the accounts receivable turnover ratios and the number of days’ sales in receivables ratios for 2019 and 2020 (round answers to two decimal places): 2019 Accounts Receivable Turnover =                           ["", "", "", ""]            times. 2019 Days' Sales in Receivables =                           ["", "", "", ""]            days. 2020 Accounts Receivable Turnover =                           ["", "", "", ""]            times. 2020 Days' Sales in Receivables =                           ["", "", "", ""]            days.

The following is select financial statement information from Vortex Computing: Year Net Credit Sales Ending Accounts Receivable 2018 $1,557,200 $398,000 2019 $1,755,310 $444,400 2020 $1,865,170 $500,780   Compute the accounts receivable turnover ratios and the number of days’ sales in receivables ratios for 2019 and 2020 (round answers to two decimal places): 2019 Accounts Receivable Turnover =       ["", "", "", ""]  times. 2019 Days' Sales in Receivables =       ["", "", "", ""]  days. 2020 Accounts Receivable Turnover =       ["", "", "", ""]  times. 2020 Days' Sales in Receivables =       ["", "", "", ""]  days.  What do the outcomes tell a potential investor about Vortex Computing, if 2020 industry average for accounts receivable turnover ratio is 4.00 times and days’ sales in receivables ratio is 91.25 days? It takes Vortex Computing       ["", "", ""]  its competitors in the industry to collect on accounts receivable. If a lender were deciding between companies,…

What is the december 31, 2021 net realizable value?

The financial data for A Company is the following: Balance sheet data (in $ millions) at 12/31 Accounts receivable Less: allowance for doubtful accounts Accounts receivable (net) Income statement data, year ending 12/31 Net sales (assume all on credit) Uncollectible accounts expense 2021 $ 500 150 350 2020 $ 450 140 310 $33,400 $21,500 100 110 1. Compute the accounts receivable turnover ratio for 2021 and 2020. 2. Wat amount of accounts receivable was collected in 2021? 3. How much was the write off of uncollectible accounts in 2021? 2019 $410 160 250 $19,200 95

The following data are taken from the financial statements of Colby Company. Accounts receivable (net), end of year Net sales on account Terms for all sales are 1/10, n/45 Accounts Receivable turnover Average collection period (b) B I U T₂ T² Ix 2022 $550,000 4,300,000 2022 7.9 times lil 2021 What conclusions about the management of accounts receivable can be drawn from the accounts receivable turnover and the average collections period. € $540,000 4,000,000 2021 46.2 days 48.7 days 7.5 times W 144 144 들 3 99 = á T ¶₁

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The following data relate to accounts receivable of Ritsu Company for 2019:   Accounts Receivable, Jan. 1                                                           650,000 Credit Sales                                                                                        2,700,000 Sales Return                                                                                       75,000 Accounts Written Off                                                                       40,000 Collections from customers                                                            2,150,000 Estimated future sales return at December 31                          50,000 Estimated uncollectible accounts at 12/31 per aging             110,000   What amount should Ritsu report as net realizable value of accounts receivable on December 31, 2019?

Please Do not Give image format

The following data are taken from the financial statements of Colby Company. Accounts receivable (net), end of year Net sales on account Terms for all sales are 1/10, n/45 Accounts Receivable turnover Average collection period (b) 2022 $550,000 2022 2021 4,300,000 4,000,000 7.9 times $540,000 2021 7.5 times 46.2 days 48.7 days What conclusions about the management of accounts receivable can be drawn from the accounts receivable turnover and the average collections period.