Solution-Calculate the cash collected from customers

Calculate the cash collected from customers

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Reference no: EM13522163

Computing Quality of Sales Ratios

Consider the following information for two hi-tech companies:

	Oxford, LTD	Kendall, LTD
	(Dollars in thousands)
Accounts receivable
Beginning of year	$ 9,915	$ 408
End of year	11,250	7,258
Sales for year	21,891	11,606

Required

a. Calculate the cash collected from customers for each firm.

b. Compute the quality of sales ratio for each firm.

c. What do these ratios indicate?

Reference no: EM13522163

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Calculate the cash collected from customers : Calculate the cash collected from customers for each firm, compute the quality of sales ratio for each firm.

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Calculate the cash collected from customers

Reference no: EM13522163

Reference no: EM13522163

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