This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Phelps Piping Company manufactures PVC pipe. The company has provided the following selected ... (Read 40 times)

connormoss

  • Full Member
  • ***
  • Posts: 130
on: Feb 5, 2023
Phelps Piping Company manufactures PVC pipe. The company has provided the following selected financial information:

​​20202021
Accounts receivable$   70,000$   50,000
Inventory80,00070,000
Total current assets220,000250,000
Total assets580,000460,000
Current liabilities40,00030,000
Total liabilities150,000207,000
Net credit sales360,000420,000
Cost of goods sold270,000315,000
Net income56,00062,000
Required:

a.What is Phelps' average days to sell inventory for 2021?
b.What is Phelps' debt ratio for 2021?
Managerial Accounting ¦ Davis ¦ 4th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by connormoss on Feb 5, 2023

fowlerhop@rocketmail.com

  • Full Member
  • ***
  • Posts: 139
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.
Answer Preview
Only 58% of students answer this correctly


connormoss

  • Member
  • Posts: 130
Reply 2 on: Feb 5, 2023
Gracias!

tandmlomax84

  • Member
  • Posts: 323
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

Did you know?

In 1885, the Lloyd Manufacturing Company of Albany, New York, promoted and sold "Cocaine Toothache Drops" at 15 cents per bottle! In 1914, the Harrison Narcotic Act brought the sale and distribution of this drug under federal control.

Did you know?

According to research, pregnant women tend to eat more if carrying a baby boy. Male fetuses may secrete a chemical that stimulates their mothers to step up her energy intake.

Did you know?

Everyone has one nostril that is larger than the other.

Did you know?

Asthma attacks and symptoms usually get started by specific triggers (such as viruses, allergies, gases, and air particles). You should talk to your doctor about these triggers and find ways to avoid or get rid of them.

Did you know?

There are approximately 3 million unintended pregnancies in the United States each year.

Selected skeletal muscles and the Achilles tendon (anterior and posterior views). Selected skeletal muscles and the Achilles tendon (anterior and posterior views).
Selected Miscellaneous Antibacterials Selected Miscellaneous Antibacterials
Selected Miscellaneous Antibacterials Selected Miscellaneous Antibacterials
Selected Oral Contraceptives Selected Oral Contraceptives
Material Balance on the process pipe and the separator Material Balance on the process pipe and the separator
U-Pipe U-Pipe
Video: Mendel's Principles of Dominance, Segregation and Independent Assortment

For a complete list of videos, visit our video library