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Author Question: Selected financial statement data for Oran Company are presented below.December 31, 2021December 31, ... (Read 44 times)

jlol3

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on: Feb 5, 2023
Selected financial statement data for Oran Company are presented below.

​​December 31, 2021December 31, 2020
Cash$  40,000$  30,000
Short-term investments25,00018,000
Receivables (net)100,00080,000
Inventories85,00065,000
Total current liabilities100,00090,000
During 2021, net sales were $950,000, and cost of goods sold was $775,000.

Required:

a.Compute the following ratios at December 31, 2021:
(1)Current ratio
(2)Acid-test ratio
(3)Average collection period
(4)Average days to sell inventory
b.Assume credit terms are 2/10, net 30. What conclusion could an analyst draw about
the management of accounts receivable?
Managerial Accounting ¦ Davis ¦ 4th Edition
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Marked as best answer by jlol3 on Feb 5, 2023

Hamad

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Reply #1 on: Feb 5, 2023
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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jlol3

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Reply 2 on: Feb 5, 2023
Thanks for the timely response, appreciate it

hollysheppard095

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Reply 3 on: Yesterday
Wow, this really help

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