Business, 30.03.2020 22:16, selfiegymnast

ShipIt Corporation reported the following rounded amounts (in millions): 2016 2015 Accounts Receivable $ 5,435 $ 5,140 Allowance for Doubtful Accounts (305 ) (310 ) Accounts Receivable, Net of Allowance $ 5,130 $ 4,830 Net Sales (assume all on credit) $ 40,500 $ 39,000 Required: Determine the receivables turnover ratio and days to collect for 2016. (Use 365 days in a year. Do not round intermediate calculations. Round your final answers to 1 decimal place.)

Answers: 1

Show answers

Other questions on the subject: Business

Business, 22.06.2019 10:40, emojigirl5754

Two assets have the following expected returns and standard deviations when the risk-free rate is 5%: asset a e(ra) = 18.5% σa = 20% asset b e(rb) = 15% σb = 27% an investor with a risk aversion of a = 3 would find that on a risk-return basis. a. only asset a is acceptable b. only asset b is acceptable c. neither asset a nor asset b is acceptable d. both asset a and asset b are acceptable

Answers: 2

continue

Business, 22.06.2019 12:10, huangjianhe135

The following transactions occur for badger biking company during the month of june: a. provide services to customers on account for $32,000. b. receive cash of $24,000 from customers in (a) above. c. purchase bike equipment by signing a note with the bank for $17,000. d. pay utilities of $3,200 for the current month. analyze each transaction and indicate the amount of increases and decreases in the accounting equation. (decreases to account classifications should be entered as a negative.)

Answers: 1

continue

Business, 22.06.2019 17:00, staffordkimberly

Explain how can you avoid conflict by adjusting

Answers: 1

continue

Business, 22.06.2019 20:30, maguilarz2005

Contrast two economies that transitioned to capitalism and explain what factors affected the ease kf their transition as welas the “face” of capitalism that each has adopted

Answers: 2

continue

Do you know the correct answer?

ShipIt Corporation reported the following rounded amounts (in millions): 2016 2015 Accounts Receivab...