Compute the receivables turnover

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Reference no: EM132499229

Jany Corporation has issued common stock only. The company has been successful and has a gross profit rate of 20%. The information shown below was taken from the company's financial statements.

Beginning inventory P482,000

Purchases 4,416,000

Ending inventory ?

Average accounts receivable 700,000

Average common stockholder's equity 3,500,000

Sales (all on credit) 5,200,000

Net income 420,000

Instructions: Compute the following:

Question 1. Receivables turnover

Question 2. Average number of days required to collect the accounts receivable

Question 3. Inventory turnover

Question 4. Average days in inventory

Question 5. Return on common stockholders' equity

Reference no: EM132499229

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