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    average days to collect receivables

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    12. The following balance sheet information was provided by Oleg Company:
    Assuming net credit sales totaled $120,000, what was the company's average days to collect receivables?
    18.3 days
    21.5 days
    60 days
    52.1 days

    14. The following partial balance sheet is provided for Templeton Company:
    What is the company's debt to assets ratio?
    33%
    50%
    67%
    41%

    15. The Walter Wilson Company reported the following income for 2007:
    What is the company's net margin?
    73%
    40%
    27%
    18%

    17. The Aloysius Company provided the following information from its financial records:
    What is the amount of the company's earnings per share?
    $0.72
    $0.76
    $0.80
    $25.00

    19. The Ulysses Company reported the following income for 2007:
    What is the company's number of times interest is earned?
    4 times
    6 times
    7 times
    10 times

    35. What is the effect on the financial statement model of recording a $100 cash purchase of raw materials?
    A Above.
    B Above.
    C Above.
    D Above.

    36. What is the effect on the financial statement model of making a profitable cash sales of inventory to customers?
    A Above.
    B Above.
    C Above.
    D Above.

    32. Which of the following should not be recorded as an expense?
    Paid office salaries
    Paid factory maintenance costs
    Paid product advertising costs
    Paid sales commissions

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    https://brainmass.com/business/financial-statements/average-days-to-collect-receivables-195476

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    12. The following balance sheet information was provided by Oleg Company:

    Assuming net credit sales totaled $120,000, what was the company's average days to collect receivables?
    18.3 days
    21.5 days
    60 days
    52.1 days

    Its = Average receivables/ Daily Net Credit sales
    =((7000+5000)/2)/(120000/360)
    18 days

    14. The following partial balance sheet is provided for Templeton Company:

    What is the company's debt to assets ratio?
    33%
    50%
    67%
    41%
    = (Accounts payable+ Bonds Payable+ Salaries payable) /(Total Liabilities +equity)
    = ...

    Solution Summary

    This discusses the computation of average days to collect receivables

    $2.19