What was alliance''s receivables turnover ratio

Assignment Help Financial Accounting

Reference no: EM13135546

Alliance Software began 2011 with accounts receivable of $115,000. All sales are made on credit. Sales and cash collections from customers for the year were $780,000 and $700,000, respectively. Cost of goods sold for the year was $450,000. What was Alliance's receivables turnover ratio (rounded) for 2011?

Reference no: EM13135546

Questions Cloud

Calculate the amount of heat liberated : Calculate the amount of heat liberated (in kJ) from 351 g of mercury when it cools from 88.0°C to 15.0°C.

Assets and liabilities of current year : On July 1 of the current year, the assets and liabilities of John Wong, DVM, are as follows: Cash, $15,000; Accounts Receivable, $12,300; Supplies, $3,100; Land, $35,000; Accounts Payable, $8,700. What is the amount of owner's equity (John Wong's ..

Healthcare setting : 1) Identify and discuss at least 3 types of conflict found in a healthcare setting. 2) What type of conflict is represented in this scenario? (Justify your response.)

Cross boarder alliances in business enviroment : This solution provides the learner with an understanding of the concept of a cross border alliance in the business environment.

What was alliance''s receivables turnover ratio : Sales and cash collections from customers for the year were $780,000 and $700,000, respectively. Cost of goods sold for the year was $450,000. What was Alliance's receivables turnover ratio (rounded) for 2011?

What is your break-even sales number : Your company has been in business as a supplier or electricity for over 50 years. You have always made a profit. Your current sales, for the past 3 years, have been 10 Million dollars and your variable costs run at 70% of sales, or 7 Million. Your..

Calculate the amount of heat liberated : Calculate the amount of heat liberated (in kJ) from 399 g of mercury when it cools from 73.0°C to 12.0°C.

Find the total number of calls made by each customer : Starting with the base cuboid [month, customer, plan], what specific OLAP operations should be performed in order toi. Find the total no of calls made by each customer in 2009.

Avon in international environment : This solution provides an evaluation of Avon's operations in global markets discussing Avon's use of international cadre development and building company associates along with independent representatives.

User Account

All Pages