Question

Taking into consideration the following data of company A which is the gross margin of the...

Taking into consideration the following data of company A which is the gross margin of the company for 20X2?

20X2

20X1

Inventory

700,000

500,000

Inventories turnover ratio

35

Accounts receivables

1,200,000

1,000,000

Receivables turnover ratio

40

Select one:

a. 23,500,000

b. 23,000,000

c. 21,000,000

d. 21,500,000

e. 22,500,000

Business   Finance   
0 0
Add a commentTranscribed image text
Next >

Homework Answers

Answer #1

0 0
Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Log In

Sign Up

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
The Tabor Sales Company had a gross profit margin (gross profits divided by sales) of 30.7...
The Tabor Sales Company had a gross profit margin (gross profits divided by sales) of 30.7 percent and sales of $9.4 million last year. Seventy-five percent of the firm's sales are on credit and the remainder are cash sales. Tabor's current assets equal $2.7 million, its current liabilities equal $283000 , and it has $98000 in cash plus marketable securities. a. If Tabor's accounts receivable are $562500 , what is its average collection period? b. If Tabor reduces its average...
The Brenmar Sales Company had a gross profit margin​ (gross profits divided by ÷​sales) of 25...
The Brenmar Sales Company had a gross profit margin​ (gross profits divided by ÷​sales) of 25 percent and sales of $ 9.5 million last year. 70 percent of the​ firm's sales are on​ credit, and the remainder are cash sales. ​ Brenmar's current assets equal $ 1.3 ​million, its current liabilities equal $298,600​, and it has $104,200 in cash plus marketable securities. a. If​ Brenmar's accounts receivable equal $563,200​, what is its average collection​ period? b. If Brenmar reduces its...
The Brenmar Sales Company had a gross profit margin​ (gross profits÷​sales) of 34 percent and sales...
The Brenmar Sales Company had a gross profit margin​ (gross profits÷​sales) of 34 percent and sales of $8.7 million last year. 70 percent of the​ firm's sales are on​ credit, and the remainder are cash sales. ​ Brenmar's current assets equal $1.4 ​million, its current liabilities equal $295,900​, and it has $109,500 in cash plus marketable securities. a. If​ Brenmar's accounts receivable equal $562,300​, what is its average collection​ period? b. If Brenmar reduces its average collection period to 25...
​(Evaluating liquidity​) The Tabor Sales Company had a gross profit margin​ (gross profits ÷ ​sales) of...
​(Evaluating liquidity​) The Tabor Sales Company had a gross profit margin​ (gross profits ÷ ​sales) of 30.0 percent and sales of ​$9.0 million last year.​ Seventy-five percent of the​ firm's sales are on credit and the remainder are cash sales.​ Tabor's current assets equal ​$1.5 ​million, its current liabilities equal ​$300,000​, and it has ​$100,000 in cash plus marketable securities. a. If​ Tabor's accounts receivable are ​$562,500​, what is its average collection​ period? b. If Tabor reduces its average collection...
​(Evaluating liquidity​) The Tabor Sales Company had a gross profit margin​ (gross profits divided by ÷​sales)...
​(Evaluating liquidity​) The Tabor Sales Company had a gross profit margin​ (gross profits divided by ÷​sales) of 30.4 percent and sales of ​$9.2 million last year.​ Seventy-five percent of the​ firm's sales are on credit and the remainder are cash sales.​ Tabor's current assets equal ​$2.1 ​million, its current liabilities equal ​$319,000​, and it has ​$99,000 in cash plus marketable securities. a. If​ Tabor's accounts receivable are ​$562,500​, what is its average collection​ period? b. If Tabor reduces its average...
(Efficiency analysis) The Brenmar Sales Company had a gross profit margin​ (gross profits÷​sales) of 32 percent...
(Efficiency analysis) The Brenmar Sales Company had a gross profit margin​ (gross profits÷​sales) of 32 percent and sales of $9.8 million last year. 78 percent of the​ firm's sales are on​ credit, and the remainder are cash sales. ​ Brenmar's current assets equal $1.4 million, its current liabilities equal $295,600​, and it has $102,300 in cash plus marketable securities. a. If​ Brenmar's accounts receivable equal $563,200​, what is its average collection​ period? b. If Brenmar reduces its average collection period...
​(Evaluating liquidity​) The Tabor Sales Company had a gross profit margin​ (gross profits divided by ​sales)...
​(Evaluating liquidity​) The Tabor Sales Company had a gross profit margin​ (gross profits divided by ​sales) of 30.0 percent and sales of ​$9.0 million last year.​ Seventy-five percent of the​ firm's sales are on credit and the remainder are cash sales.​ Tabor's current assets equal ​$1.5 ​million, its current liabilities equal ​$300 comma 000​, and it has ​$100 comma 000 in cash plus marketable securities. a. If​ Tabor's accounts receivable are ​$562 comma 500​, what is its average collection​ period?...
Which financial products would be beneficial for a corporation that is small, gross profit margin of...
Which financial products would be beneficial for a corporation that is small, gross profit margin of 31%, inventory turnover ratio of .35, and a debt ratio of 71%? Why?    I was thinking bonds because of the fixed interest rates and the low sales but the fact that they have potential to grow.
16- A company has a gross profit margin of 50%, net profit margin of 10%, dividend...
16- A company has a gross profit margin of 50%, net profit margin of 10%, dividend payout ratio of 40%, asset turnover of 0.8, financial leverage of 2.5. What is the company’s sustainable growth rate?
All things being equal, a company would prefer: a lower accounts receivable turnover ratio. a higher...
All things being equal, a company would prefer: a lower accounts receivable turnover ratio. a higher accounts receivable turnover ratio. a lower profit margin. a lower inventory turnover ratio. If a company determines cost of goods sold only at the end of the period after taking a physical inventory, it has better control over inventories. uses a perpetual inventory system. uses a periodic inventory system. uses a combination of the perpetual and periodic inventory systems.
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT