User Account

All Pages

Evaluate general electrics accounts receivable

Assignment Help Accounting Basics
Reference no: EM131796303

Presented below are select financial data from the annual report:

Amounts in millions

Year 1

Year 2

Balance sheet

Accounts receivable (net)

$14,233

$14,851

Inventory

9,778

10,474

Income statement

Net sales

$84,705

$92,589

Cost of goods sold

61,759

66,814

Calculate the following ratios:

Accounts receivable turnover

Receivable collection period

Inventory turnover

Inventory-on-hand period

Evaluate General Electric's accounts receivable and in

Reference no: EM131796303

Questions Cloud

What psychologists do on disaster relief operations : Share comments on the psychologist's, or other mental health professional and para-professional's, role in a disaster situation based upon your prior knowledge.
Implied warranty of merchantability express warranty : Which of the following warranties may have been created? Implied warranty of merchantability Express warranty Strict liability Implied warranty of fitness.
Compare with the actual probability : What is a simple upper bound for the probability that you will win at least one prize? Compare with the actual probability why is the bound so close?
Net cash flow of the swap to the financial institution : A financial institution has entered into an interest rate swap in which it receives 10% per year with semiannual compounding and pays 6-month LIBOR.
Evaluate general electrics accounts receivable : Accounts receivable turnover, Evaluate General Electrics accounts receivable
What is the amount of write-down required : What is the amount of write-down (if any) required using US GAAP? Calculate the write-down on both an individual and a total inventory basis
Calculate the return on invested capital : Calculate the return on invested capital (ROIC) for each firm. Round your answers to two decimal places.
Social institutions and their influence on society : Social Institutions and Their Influence on Society- Three key social institutions most likely to influence the business environment
The elements of an issue to acquire in-depth knowledge : Analysis involves researching and comparing different elements of an issue to acquire in-depth knowledge of its component parts.

Reviews

Write a Review

Accounting Basics Questions & Answers

  Analyze business transaction and journalize the transaction

Analyze the business transaction and journalize the transaction - Doing it in a different order would make it very difficult to verify the necessary checks and balances to make sure you will balance the sheet at the end.

  What is the amount of cash collections that spencer will

spencer corp. reported accounts receivable of 28000 on its december 31 2011 balance sheet. on december 31 2012 accounts

  In 2008 sales revenue was 120 and net income was 12 1108

in 2008 sales revenue was 120 and net income was 12. 1108 balances were current assets 20 long-term assets 70 current

  Tax practice and ethical guidelines-statute of limitations

tax practice and ethical guidelines-statute of limitations lo. 5 6in march 2012 jim asks you to prepare his federal

  List the three main divisions of any manufacturing business

List the three main divisions of any manufacturing business and who would take charge of each division.

  How much income tax currently payable would be saved

If the company decided to purchase an additional 10,000 units at $25 per unit at the end of the year, how much income tax currently payable would be saved?

  Analysis of stockholders equity star corporation issued

analysis of stockholders equity star corporation issued both common and preferred stock during 19x6. the stockholders

  Calculate total equivalent units and costs per equivalent

Calculate the total equivalent units and costs per equivalent unit for each of the following: materials, labour, and overhead for the year.

  Payback period and unadjusted rate of return

Determine the payback period and unadjusted rate of return (use average investment.) for each alternative. Indicate which investment alternative you would recommend. Explain your choice.

  How much money must be put into a bank account yielding

How much money must be put into a bank account yielding 6.42% (compounded annually) in order to have $1,671 at the end of 11 years (round to nearest $1)?

  Calculate the equivalent units of production for the month

Calculate the equivalent units of production for the month, assuming the company uses the weighted average method

  Compute the depreciation expense for the year ended

Compute the depreciation expense for the year ended December 31, 2018. Blue elected to depreciate the building on a straight-line basis

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd