Business, 16.03.2022 05:40 melaniaviles

Lendell Company has these comparative balance sheet data: Additional Information for 2017: Net income was $25,000. Sales on account were $375,000. Sales returns and allowances amounted to $25,000. Cost of goods sold was $198,000. Net cash provided by operating activities was $48,000. Capital expenditures were $25,000, and cash dividends were $10,000. Compute the following ratios at December 31, 2017. (Round current ratio to 2 decimal places, e. g. 1.83 and all other answers to 1 decimal place, e. g. 1.8. Use 365 days for calculation.) Current ratio.:1 Accounts receivable turnover. times Average collection period. days Inventory turnover. times Days in inventory. days Free cash flow. $

Answers: 1

Show answers

Another question on Business

Business, 22.06.2019 00:50

cranium, inc., purchases term papers from an overseas supplier under a continuous review system. the average demand for a popular mode is 300 units a day with a standard deviation of 30 units a day. it costs $60 to process each order and there is a five−day lead−time. the holding cost for a paper is $0.25 per year and the company policy is to maintain a 98% service level. cranium operates 200 days per year.what is the reorder point r to satisfy a 98% cycleminus−service level? a. greater than 1,700 unitsb. greater than 1,600 units but less than or equal to 1,700 unitsc. greater than 1,500 units but less than or equal to 1,600 unitsd. less than or equal to 1,500 units

Answers: 1

Answer

Business, 22.06.2019 11:00

Alocal barnes and noble bookstore ordered 80 marketing books but received 60 books. what percent of the order was missing?

Answers: 1

Answer

Business, 22.06.2019 13:40

Determine if the following statements are true or false. an increase in government spending can crowd out private investment. an improvement in the budget balance increases the demand for financial capital. an increase in private consumption may crowd out private investment. lower interest rates can lead to private investment being crowded out. a trade balance in sur+ increases the supply of financial capital. if private savings is equal to private investment, then there is neither a budget sur+ nor a budget deficit.

Answers: 1

Answer

Business, 22.06.2019 19:00

Describe how to write a main idea expressed as a bottom-line statement

Answers: 3

Answer

You know the right answer?

Lendell Company has these comparative balance sheet data: Additional Information for 2017: Net incom...

Questions