subject
Business, 08.07.2020 17:01 emiliolovato

Current Year Prior Year Accounts payable, end of year $7,203 $11,148
Accounts receivable, net, end of year 25,285 17,506
Inventory, end of year 9,504 8,855
Net sales 181,000 133,000
Cost of goods sold 91,000 120,000
1) Use the information above to compute the number of days in the cash conversion cycle for each year.
2) Did the company manage cash more effectively in the current year?

ansver
Answers: 1

Other questions on the subject: Business

image
Business, 21.06.2019 19:50, elijahbebeastin
One investigating company tracked all credit card purchase during 2012 and measured two variables: (1) the type of credit card used (visa, mastercard, american express, or discover), and (2) the amount (in dollars) of each purchase. identify the level of each variable measured.
Answers: 1
image
Business, 21.06.2019 21:00, JuanTorres7
On january 1, 2018, red flash photography had the following balances: cash, $19,000; supplies, $8,700; land, $67,000; deferred revenue, $5,700; common stock $57,000; and retained earnings, $32,000. during 2018, the company had the following transactions: 1. february 15 issue additional shares of common stock, $27,000. 2. may 20 provide services to customers for cash, $42,000, and on account, $37,000. 3. august 31 pay salaries to employees for work in 2018, $30,000. 4. october 1 purchase rental space for one year, $19,000. 5. november 17 purchase supplies on account, $29,000. 6. december 30 pay dividends, $2,700. the following information is available on december 31, 2018: 1. employees are owed an additional $4,700 in salaries. 2. three months of the rental space has expired. 3. supplies of $5,700 remain on hand. 4. all of the services associated with the beginning deferred revenue have been performed. required: 1. record the transactions that occurred during the year.2. record the adjusting entries at the end of the year.3. prepare an adjusted trial balance.4. prepare an income statement, statement of stockholders’ equity, and classified balance sheet.5. prepare closing entries.
Answers: 2
image
Business, 22.06.2019 08:20, auntlynard1843
How much does a neurosurgeon can make most in canada? give me answer in candian dollar
Answers: 1
image
Business, 22.06.2019 11:00, smartie80
Why does an organization prepare a balance sheet? a. to reveal what the organization owns and owes at a point in time b. to reveal how well the company utilizes its cash c. to calculate retained earnings for a given accounting period d. to calculate gross profit for a given accounting period
Answers: 1
You know the right answer?
Current Year Prior Year Accounts payable, end of year $7,203 $11,148
Accounts receivable, ne...

Questions in other subjects:

Konu
Mathematics, 14.09.2020 06:01
Konu
Social Studies, 14.09.2020 06:01
Konu
Mathematics, 14.09.2020 06:01
Konu
Mathematics, 14.09.2020 06:01
Konu
Mathematics, 14.09.2020 06:01
Konu
Mathematics, 14.09.2020 06:01
Konu
Mathematics, 14.09.2020 06:01
Konu
Mathematics, 14.09.2020 06:01
Konu
Health, 14.09.2020 06:01