How long does it take to collect its credit sales

Assignment Help Business Economics

Reference no: EM131197700

A company reports the following financial information: Inventory $169; Accounts Receivable $270; Cash $85; Prepaid expenses $406; credit sales $2,234. How long does it take to collect its credit sales?

Dana reports Inventory of $2,635,221, Cash of $1,173,661, COGS of $11,393,231, and Accounts Receivable of $2,316,159. Its benchmark peer group turns its inventory 9.7 times a year. What would Dana's new inventory level be if it experienced the same number of turns as its peer group?

Reference no: EM131197700

Questions Cloud

How did the church use music during the middle ages : Who created the surviving body of secular songs from the Middle Ages? What were the subjects of these songs? Who performed them and where (and by whom) could they be heard?

Develop a nursing action plan based on best practices : Write a paper analyzing areas where there is good performance and areas of opportunity. Then, select one area that needs improvement and develop a nursing action plan based on best practices.

What are the four steps of the policy process : What are the four steps of the policy process? And, which step do you consider most crucial for the DNP-prepared leader to influence

Describe the consumer appeal and environmental factors : Identify a product that will be the focus of your research. The product might be one of personal interest (e.g., computers/electronics, cell phones, cars, food services, home health care) or concern (e.g., blood diamonds, tobacco).

How long does it take to collect its credit sales : A company reports the following financial information: Inventory $169; Accounts Receivable $270; Cash $85; Prepaid expenses $406; credit sales $2,234. How long does it take to collect its credit sales?

Calculate the total revenue during the discount sales period : Fiberia Accessories, a clothing retailer, is planning to introduce a new line of sweaters as part of the winter collection for $65 with an inventory of 1500. The main selling season is 60 days between November and December. The store then sells the r..

Account promises to pay fixed interest rate : Your daughter is currently 12 years old. You anticipate that she will be going to college in 6 years. You would like to have $157,000 in a savings account to fund her education at that time. If the account promises to pay a fixed interest rate of 3% ..

Define value proposition : What is the purpose of constructing a brand bull's eye? Define value proposition. Pick one of these examples and discuss the difference in value proposition between the two alternatives.

Review the networking powers relationships : Review the Networking Powers Relationships case study within the Chapter 9 Reading. Then, answer the following question: To what extent have you built your own brand? Is this something that you have ever considered before?

User Account

All Pages