User Account

All Pages

How to calculate the company accounts receivable turnover

Assignment Help Financial Accounting
Reference no: EM132719774

The financial statements of winery Andrew Peller Limited reported net sales of $342,606 thousand for its year ended March 31, 2017. Accounts receivable were $26,973 thousand at March 31, 2017, and $28,223 thousand at March 31, 2016.

Problem 1: Calculate the company's accounts receivable turnover ratio and the average collection period for accounts receivable in days. (Round answers to 2 decimal places, e.g. 15.25. Use 365 days for calculation.)

Reference no: EM132719774

Questions Cloud

Chief executive officer and disgruntled employee : Personnel within an organization re-organized his computer workstation to match the organization chief executive officer (CEO's) internet protocol (IP) address,
Explain the production process with buffer stocks : a) Define buffer stock. Explain the production process with buffer stocks.
Operational excellence in any field of human endeavor : Discuss at least two trends or best practices related to key concepts and principles of operational excellence in any field of human endeavor
Commodity calls for demand of another commodity : State factors that may affect the geographical mobility of labour.
How to calculate the company accounts receivable turnover : How to Calculate the company's accounts receivable turnover ratio and the average collection period for accounts receivable in days.
Compute what the receivables turnover was : Find what The receivables turnover was? The Accounts Receivable balances at the beginning and end of the year were P600,000 and P700,000, respectively.
Presentation adjustments affects how data is displayed : Kirk (2016) tells us that data adjustments affects what data is displayed and presentation adjustments affects how the data is displayed.
Compute what total amount of serial bonds should reported : Compute What total amount of serial bonds should be reported? 9% registered bonds, P250,000 maturing annually starting in 2021 P2,750,000
Risk management is one of most important components : Risk management is one of the most important components in empowering an organization to achieve its ultimate vision.

Reviews

Write a Review

Financial Accounting Questions & Answers

  Financial statement analysis and preparation

Financial Statement Analysis and Preparation

  Shareholder of a company

Describe the ways that a person can become a shareholder of a company. Why Wal-Mart would split its stock?

  Financial and accounting principles

An understanding of financial and accounting principles can be a valuable tool for managers. While not all managers will find themselves calculating financial ratios or preparing annual financial data.

  Prepare a statement of cash flow using the direct method

Prepare a Statement of Cash Flow using the Direct Method and Prepare the Operations section of the Statement of Cash Flow using the Indirect Method.

  Financial accounting assignment

This assignment has one case study and two question apart from case study. Questions related to document Liquidation question and Company financial statements question - Torquay Limited

  Prepare general journal entries for goela

Prepare general journal entries for Goela Ltd

  Principles of financial accounting

Prepare the journal entry to record the acquisition of the assets.

  Prepare general journal entries to record the transactions

Prepare general journal entries to record the transactions, assuming use of the periodic inventory system

  Global reporting initiative

Compare the view espoused by the economist Milton Friedman about the social responsibilities of business with the views express by Stigler.

  Explain the iasb conceptual frameworks

Explain the IASB Conceptual Framework's perspective of users and their decisions.

  Determine the company''s financial statements

T he focus of the report is to determine the extent to which you are comfortable relying on the financial statements as presented by management .

  Computation of free cash flow

Computation of Free Cash Flow

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: +91-977-207-8620

Phone: +91-977-207-8620

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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