User Account

All Pages

What xyz receivables turnover ratio is

Assignment Help Financial Accounting
Reference no: EM132796252

XYZ company presented the following financial information for December 31, 2018 and 2017.

                                                                    2018                          2017

Accounts receivable                            $40,000               $36,000

Inventory                                            28,000                  35,000

Net sales                                            190,000                  186,000

Cost of goods sold                                   114,000                108,000

Total assets                                              425,000               405,000

Total stockholders' equity                              240,000              225,000

Net income                                                  32,500                28,000

Problem 1: XYZ's 2018 receivables turnover ratio is:

Select one:

a. 4.70

b. 5

c. 10.63

d. 2.85

Reference no: EM132796252

Questions Cloud

Find the adjusted ending balance of the building : Legal fees covered the following: Cost of Incorporation, P 9,500; Examination of the title covering purchase of land, P 4,000; Find the adjusted ending balance
Explain the swot analysis of the nokia company : What are the causes of failure of Nokia and suggest some strategic plan which should Nokia follow to overcome these failure causes?
How would you describe your job performance for each job : How would you describe your job performance for each job? How did team factors, such as cultural and generational differences, play a role in the scoring.
Current and obvious growth of apple and samsung : Nokia's market share was very high compared to Apple and Samsung. Looking at the market share now and the current and obvious growth of apple and Samsung.
What xyz receivables turnover ratio is : What XYZ's 2018 receivables turnover ratio is? XYZ company presented the following financial information for December 31, 2018 and 2017.
Describe the relationship between identity and the self : How does Sokefeld theorize the relationship between identity, culture, and the self? And, how does the idea of the culture as theorized by Sokefeld differ.
Why is power important to negotiators : 1. Why is power important to negotiators? 2. What are some methods in dealing with those that have more power in the negotiation?
What will be the dollar balances in the allowance : After the adjusting entry is made, what will be the dollar balances in the Allowance for Doubtful Accounts? Round to nearest whole dollar
Identify the types of meetings : Demonstrate your skills in preparing then Chairing two meetings. You will be observed by your Assessor in these meetings.

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: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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