Business, 08.04.2021 17:20, Bellzers8328

E8-16 Analyzing and Interpreting Receivables Turnover Ratio and Days to Collect [LO 8-4] ShipIt Corporation reported the following rounded amounts (in millions): 2016 2015 Accounts Receivable $ 5,195 $ 4,900 Allowance for Doubtful Accounts (185 ) (190 ) Accounts Receivable, Net of Allowance $ 5,010 $ 4,710 Net Sales (assume all on credit) $ 44,500 $ 43,200 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: 3

Show answers

Other questions on the subject: Business

Business, 22.06.2019 18:00, KayBJ2005

Acountry made education free in mandatory up to age 15. it is established 100 new schools to educate kids across the country. as a result, citizens acquired the _ required to work. the school's generated _ for teachers and other staff. in 20 years, to countryside rapid _ and its gdp.

Answers: 3

continue

Business, 22.06.2019 19:00, xojade

1. what must one do to perform the essential managerial task of controlling in achieving organizational goals? a. motivate, coordinate, and energize individuals and groups to work together to achieve organizational goals b. choose appropriate organizational goals and courses of action to best achieve those goals c. establish task and authority relationships that allow people to work together to achieve organizational goals d. establish accurate measuring and monitoring systems to evaluate how well the organization has achieved its goals

Answers: 1

continue

Business, 22.06.2019 19:20, goofy44

Royal motor corp. generates a major portion of its revenues by manufacturing luxury sports cars. however, the company also derives an insignificant percent of its annual revenues by selling its sports merchandise that includes apparel, shoes, and other accessories under the same brand name. which of the following terms best describes royal motor corp.? a. aconglomerate b. a subsidiary c. adominant-businessfirm d. a single-business firm

Answers: 1

continue

Business, 22.06.2019 22:30, jasjas3722

Which of the following describes one of the ways that the demographics of an area affect the price of housing in that area? a. when more people have children, their incomes tend to be higher and the housing prices are also higher. b. older people are more likely to stay in their houses, creating a seller's market that keeps prices low. c. an area with a lower population density won't have enough construction workers to build new houses quickly. d. an area with younger people will have a higher demand for rentals and a lower demand for buying.

Answers: 1

continue

Do you know the correct answer?

E8-16 Analyzing and Interpreting Receivables Turnover Ratio and Days to Collect [LO 8-4] ShipIt Corp...