A company had sales of $12,000,000 for the year. Receivables at the end of the year were $1,100,000, which represented an increase of $200,000 over the receivables at the beginning of the year. What was the accounts receivable turnover?
a. 12.0
b. 10.0
c. 10.9
d. 13.3
a
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If preferred dividends are limited to the stated dividend rate, the stock is said to be
a. participating. b. nonparticipating. c. cumulative. d. noncumulative.
The statistical section of the CAFR contains the combining schedules of non-major funds.
Answer the following statement true (T) or false (F)
The present value of an uneven cash flow can be determined by using the annuity equations.
Answer the following statement true (T) or false (F)
Blockbuster is a North American video and DVD sales and rental chain. Use the equation approach and Blockbuster's financial statement for Year 2 to calculate additional funds needed (AFN) in Year 3
Assume that sales in Year 3 will be $5.67336 billion. Assume a 0% dividend payout rate. Blockbuster Inc. Income Statement and Balance Sheet As of December 31, Year 2 ($000's) Revenue $ 5,157,600 COGS 2,420,700 SG&A 2,708,500 Dep. Exp. 246,600 EBIT -218,200 Int. Exp. 78,200 Income Before Tax -296,400 Income Taxes -56,100 Net Income -$ 240,300 ASSETS Total Current Assets 716,400 PP&E 909,000 Goodwill 6,127,000 Total Assets $ 7,752,400 LIABILITIES AND OWNERS EQUITY Total Current Liabilities 1,268,800 Long Term Debt 734,900 Total Liabilities $ 2,003,700 Owners Equity Common Stock 6,075,800 Retained Earnings -327,100 Total Stockholder Equity 5,748,700 Total Liabilities and Owners Equity $ 7,752,400 A) -$225.363 million B) $63.243 million C) $125.363 million D) $189.900 million E) $299.990 million