The end-of-period spreadsheet for the current year for Jamal Company shows Balance Sheet columns with a debit total of $596,380 and a credit total of $528,790. This is before the amount for net income or net loss has been included. In preparing the income statement from the end-of-period spreadsheet, what is the amount of net income or net loss? of $

The following information pertains to Diane Company. Assume that all balance sheet amounts represent both average and ending balance figures and that all sales were on credit. Use this information to answer the question that follow. Assets Cash and short-term investments $39,569 Accounts receivable (net) 29,417 Merchandise inventory 30,907 Property, plant, and equipment 219,211 Total assets $319,104     Liabilities and Stockholders' Equity   Current liabilities $66,051   Long-term liabilities 93,607   Stockholders' equity—common 159,446   Total liabilities and stockholders' equity $319,104   Income Statement   Sales $93,952    Cost of merchandise sold (37,581)   Gross profit $56,371    Operating expenses (26,268)   Interest expense  (4,698)   Net income $25,405      Number of shares of common stock outstanding 6,014   Market price per share of common stock $31   Total dividends paid $8,800   Net cash flows from operating activities…

The year-end financial statements of Rally Company for the current year, report total revenues of $19,829 million, accounts receivable of $1,145 million at the current year-end, and $1,078 million for the prior year-end. The company’s accounts receivable turnover for the year is: Select one: a. 17.3 times b. 18.8 times c. 17.8 times d. None of these are correct. e. 18.4 times

The following data are taken from the financial statements of Rise and Shine Company. Terms of all sales are 2/10, n/30.   Year 3 Year 2 Year 1 Accounts receivable, end of year $113,600   $120,000   $128,200   Sales 700,800   682,550       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 b.  What conclusion can be drawn from these data concerning accounts receivable and credit policies?The collection of accounts receivable has    . This can be seen in the     in accounts receivable turnover and the     in the collection period. The company either became     aggressive in…