The Downtown Boutique has sales of $625,800, costs of goods sold of $387,500, inventory of $96,400, and accounts receivable of $52,300. How many days, on average, does it take the firm to sell its inventory assuming that all sales are on credit? A) 65.32 days B) 81.05 days C) 90.73 days D) 72.16 days E) 78.46 days

Millennial Manufacturing has net credit sales for 2018 in the amount of $1,433,630, beginning accounts receivable balance of $585,900, and an ending accounts receivable balance of $621,450. Compute the accounts receivable turnover ratio and the number of days sales in receivables ratio for 2018 (round answers to two decimal places). What do the outcomes tell a potential investor about Millennial Manufacturing if industry average is 2.6 times and number of days sales ratio is 180 days?

Langstons purchased $3,100 of merchandise during the month, and its monthly income statement shows a cost of goods sold of $3,000. What was the beginning inventory if the ending inventory was $1,250?

Blackwell Co. has credit sales of $317,428, costs of goods sold of $151,217, and average accounts receivable of $28,744. How long on average does it take the firm's credit customers to pay for their purchases?   Multiple Choice 33.05 days 27.99 days 31.37 days 29.95 days 38.23 days

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What is the average accounts payable balance? ?

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