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

Author Question: Selected financial statement data for Oran Company are presented below.December 31, 2021December 31, ... (Read 40 times)

jlol3

  • Full Member
  • ***
  • Posts: 131
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
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by jlol3 on Feb 5, 2023

Hamad

  • Full Member
  • ***
  • Posts: 163
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 50% of students answer this correctly


jlol3

  • Member
  • Posts: 131
Reply 2 on: Feb 5, 2023
Wow, this really help

kthug

  • Member
  • Posts: 332
Reply 3 on: Yesterday
Gracias!

« previous next »
 

Did you know?

Persons who overdose with cardiac glycosides have a better chance of overall survival if they can survive the first 24 hours after the overdose.

Did you know?

If you could remove all of your skin, it would weigh up to 5 pounds.

Did you know?

When taking monoamine oxidase inhibitors, people should avoid a variety of foods, which include alcoholic beverages, bean curd, broad (fava) bean pods, cheese, fish, ginseng, protein extracts, meat, sauerkraut, shrimp paste, soups, and yeast.

Did you know?

Malaria mortality rates are falling. Increased malaria prevention and control measures have greatly improved these rates. Since 2000, malaria mortality rates have fallen globally by 60% among all age groups, and by 65% among children under age 5.

Did you know?

Every 10 seconds, a person in the United States goes to the emergency room complaining of head pain. About 1.2 million visits are for acute migraine attacks.

2006 Data:Top 25 Substances Involved in Human Exposures 2006 Data:Top 25 Substances Involved in Human Exposures
The Stillwater Mining Company The Stillwater Mining Company
Selected Vitamins: Food Sources, Functions, and Deficiency and Toxicity Symptoms Selected Vitamins: Food Sources, Functions, and Deficiency and Toxicity Symptoms
Selected Corticosteroids Selected Corticosteroids
Selected Antiemetics Selected Antiemetics
Comparison of selected genomes Comparison of selected genomes
Video: What Are Carbohydrates? Importance of Carbs & High Carb Food

For a complete list of videos, visit our video library