Finding the receivables turnover ratio

Assignment Help Finance Basics

Reference no: EM132001531

Question: Minden Co has current assets of $180,000 (cash: $20,000, accounts receivable: $70,000 inventory: $90,000), and long term assests that had cost $400,000, with accumulated depreciation to date of $180,000. Sales were $500000, and operating profit was $50,000. Tax was $20,000 and interest paid was $10,000. Their receivables turnover ratio was?

Reference no: EM132001531

Questions Cloud

Discuss about the c-corporation or s-corporation : Miley will contribute $1,000,000 cash to the venture and McLovin will contribute a building that has a $1,000,000 fair market value and adjusted basis.

Provide three examples of unintentional security threats : From the e-Activity, provide three examples of unintentional security threats and three examples of intentional security threats.

Supply of auto tires : What effect will each of the following have on the supply of auto tires? (Keeping all else constant)

What does your ideal workplace look like : What does your ideal workplace look like? How would you like to be treated? How should you treat others?

Finding the receivables turnover ratio : Minden Co has current assets of $180,000 (cash: $20,000, accounts receivable: $70,000 inventory: $90,000), and long term assests that had cost $400,000.

Dealing with the moral hazard problem : Determine the ways your company is dealing with the moral hazard problem and suggest best practices used in the industry to deal with it. (southwest Airlines)

Develop a list of compliance laws required for dod contracts : A Research and Development (R&D) Engineering network segment for testing, separate fromthe production environment .

Negative impact on transactions : Examine an adverse selection problem your company is facing and recommend how it should minimize its negative impact on transactions. (Southwest Airlines)

Actions dealing with risk and uncertainty : Evaluate a company's recent (with in the last year) actions dealing with risk and uncertainty. (Southwest Airlines)

Reviews

Write a Review

Required(*) Message

Finance Basics Questions & Answers

Financial reporting and analysis

Finance is about Gunns Ltd, a company in dealing with forestry products in Australia. The company has also been listed in Australian Stock Exchange. As many companies producing forestry products, even Gunns Ltd is facing various problems. Due to the ..

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

User Account

All Pages