User Account

All Pages

Find the trade payables days and inventory days

Assignment Help Accounting Basics
Reference no: EM132190326

Question - Use the following data extracted from a Trial Balance to find the relevant working capital ratios:

Sales revenue (85% on credit) = 2,600

Cost of sales = 1,800

Purchases (90% on credit) = 1,650

Inventory of finished goods = 220

Trade receivables = 350

Trade payables = 260

Find:

i. Inventory days.

ii. Trade receivables days.

iii. Trade payables days.

Reference no: EM132190326

Questions Cloud

Find the marginal and average product per worker : Sohar Corn Company makes pots of spicy corn. Find the marginal and average product per worker
Particular skills routinely ignore traditional salary scale : Managers anxious to recruit and hang on to employees with particular skills routinely ignore traditional salary scales
According to herzberg theory : his employees are still dissatisfied. According to Herzberg’s theory, what might explain their dissatisfaction?
How communicators can establish effective listening climate : Discuss how communicators can establish an effective listening climate?
Find the trade payables days and inventory days : Sales revenue (85% on credit) = 2,600 and Trade payables = 260. Find the trade payables days and Inventory days
About building high performance teams in your division : how would you go about building high performance teams in your division? Are there any special considerations for virtual teams?
They nurture corporate culture of over-achievement : They nurture a corporate culture of over-achievement and create expectations that long hours of work are essential for success in the company.
Describe the firm state of diversity management : Think of a current or former employer, and describe the firm’s state of diversity management in terms of Thomas and Ely’s three paradigms.
Using expectancy theory and equity theory : Using expectancy theory and equity theory, what advice would you give these managers in your presentation?

Reviews

Write a Review

Accounting Basics Questions & Answers

  Prepare a correct income statement for july 2012

The income statement of Kaleta Co. for the month of July shows net income of $1,500 based on Service Revenue $5,500; Salaries and Wages Expense $2,100; Supplies Expense $900, and Utilities Expense $500.

  Compute ending inventory cost of goods sold and gross profit

Compute ending inventory, cost of goods sold, and gross profit. Assume the company uses three inventory pools instead of one. Repeat instruction (a).

  How much of ella income will be taxed

Ella is claimed as a dependent by her parents. How much of Ella's income will be taxed at her parent's highest marginal tax rate

  Prepare an income statement and statement of cash flows

Prepare an income statement and statement of cash flows for the 2009 accounting period.

  Calculate the net benefit of purchasing the new machine

Health Scan, Inc. paid $50,000 for X-ray equipment four years ago. Calculate the net benefit (cost) of purchasing the new machine.

  Record additional shares of common stockholders

January 1, Guillen Corporation had shares of no-par common stock issued and outstanding. The stock has a stated value of ss per hale. 90,500 share.

  Conlin corporation had the following tax information

Prepare Conlin's entry to record the effect of the loss carry back.

  Managerial accounting helps manger to improve performance

how either financial accounting helps external stakeholders make informed decisions or how managerial accounting helps manger to improve operational

  Report components of comprehensive income

1.How do we report components of comprehensive income created during the reporting period?

  What is the fred capital account balance

At the beginning of the year, the capital account balances were: Fred capital, $42,365; Ethel capital, $51,352. What is the Fred's capital account balance

  Remo company and angelo inc are separate companies that

remo company and angelo inc. are separate companies that operate in the same industry. following are variable costing

  What monthly interest rate is being charged

In 2014, the average debt for college student loans is $32300. This amounts to a $300 monthly payment for a "standard" loan payment plan over 10 years.

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