Quick Ratio Nabors Company reported the following current assets and liabilities for December 31 for two recent years:   Dec. 31, Current Year Dec. 31, Previous Year Cash $750   $910   Temporary investments 1,630   2,030   Accounts receivable 2,040   1,380   Inventory 1,220   1,220   Accounts payable 3,400   2,700   Required: a. Compute the quick ratio on December 31 of both years. If required, round your answers to one decimal place.   Quick Ratio December 31, current year   December 31, previous year     b. Is the quick ratio improving or declining?

ccounts receivable turnover and days’ sales in receivables Financial statement data for years ending December 31 for Schultze-Solutions Company follow:   20Y2 20Y1 Sales   $1,848,000     $1,881,000   Accounts receivable:                 Beginning of year   195,300     184,700       End of year   224,700     195,300   a. Determine the accounts receivable turnover for 20Y2 and 20Y1. If required, round the final answers to one decimal place.   AccountsReceivableTurnover 20Y2 fill in the blank 1 20Y1 fill in the blank 2   b. Determine the days’ sales in receivables for 20Y2 and 20Y1. Use 365 days, if required round the final answers to one decimal place.   Days’ Salesin Receivables 20Y2   fill in the blank 3  days 20Y1   fill in the blank 4  days

Accounts receivable analysis. The following data are taken from the financial statement of sigmon Inc. Terms of all sales are 2/ 10, n / 45. Accounts receivable the end of the year $725,000 20y3 $ 650,000 20y2 $600,000 20y 1 Sales on account 5,637,500 20y 3 4,687,500 20y 2 A. 20y 2 and 20 y3, determine (1) the accounts receivable turnover and (2) the number of days sales in receivable. Round interim calculations to the nearest dollar final answer to one decimal place assume a 365-day year. 1. Accounts receivable turnover 20y3 2. Number of days sales in receivable 20y2 B. The collection of accounts receivable has_______ this can be seen in both the_______ in accounts receivable turnover and the_______ in the collection period.

Accounts Receivable Turnover and Average Collection Period VanPoole Corporation disclosed the following financial information (in millions) in its recent annual report: Year 1 Year 2 $167,096 $181,662 33,350 32,870 32,870 32,635 Net sales Beginning accounts receivable (net) Ending accounts receivable (net) a. Calculate the accounts receivable turnover ratio for both years. b. Calculate the average collection period for both years. Notes: 1. Round all answers to one decimal place. 2. Use rounded answer from part a. to compute the average collection period. Year 1 Year 2 a. Accounts receivable turnover b. Average collection period (days) 0 0 0 0 c. Is the company's accounts receivable management improving or deteriorating?

Potaw Company reported the following data at the end of 2019: Sales revenue (80% on credit) Expenses (25% on credit) Accounts receivable, net at December 31, 2019 (a decrease of $12,500 during 2019) Total assets Stockholders' equity The average number of days to collect receivables during 2019 is closest to: (Do not round your intermediate calculations. Use 365 days a year.) Multiple Choice The average number of days to collect receivables during 2019 is closest to: (Do not round your intermediate calculations. Use 365 days a year.) O O O 17.67. 22.08. $470,000 77,000 12.81. 16,500 370,000 170,000 30.90.

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The following data are taken from the financial statements of Outdoor Patio Inc. Terms of all sales are 2/10, n/60.   Year 3 Year 2 Year 1 Accounts receivable, end of year $190,200   $204,000   $219,400   Sales 1,084,050   994,990       a.  For Years 2 and 3, determine (1) the accounts receivable turnover and (2) the number of days' sales in receivables. Assume there are 365 days in the year. Round intermediate calculations to the nearest whole dollar and final answers to one decimal place.   Year 3   Year 2   1. Accounts receivable turnover fill in the blank 1   fill in the blank 2   2. Number of days' sales in receivables fill in the blank 3 days fill in the blank 4 days