Excerpts from huckabee companys december 31 2006 and 2005

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Reference no: EM13604507

Excerpts from Huckabee Company's December 31, 2006 and 2005, financial statements are presented below:
2006 2005
Accounts Receivable 80,000 72,000
Merchandise Inventory 58,000 72,000
Net Sales 400,000 372,000
Cost of Goods Sold 240,000 220,000

Huckabee's 2009 receivables turnover is:
A. 3.69.
B. 5.00.
C. 5.26.
D. 3.16.

Cashmere Soap Corporation had the following items listed in its trial balance at 12/31/09

Currency and coins $650
Balance in checking account $2600
Customer checks waiting to deposited $1200
Treasury bills purchased on 11/1/09,
mature on 4/30/10 $3000
Marketable equity securities $10,000
Commercial paper purchased on 11/1/09
mature on 1/30/10 $5,000

What amount will Cashmere Soap include in its year-end balance sheet as cash and cash equivalents?

A.$9,450.
B.$12,450.
C.$ 7,450.
D.$19,650.

Reference no: EM13604507

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