Explain your answer with amounts. Days Sales Inventory Days Sales Receivables Analysis Company A 375,000/20,000-18.75 365/18.75.-19.46 19 days 800,000/40,000-20 365/20 18.25 18 days Company B 700,000/ 30,000 23.3 365/23.3 15.67 16 days 800,000/40,000 - 20 365/20 18.25 18 days
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- Use the following hypothetical data for Walgreens in Years 11 and 12 to project revenues, cost of goods sold, and inventory for Year +1. Assume that Walgreenss Year +1 revenue growth rate, gross profit margin, and inventory turnover will be identical to Year 12. Project the average inventory balance in Year +1 and use it to compute the implied ending inventory balance.If average inventory is P80,000 and the inventory turnover ratio is 20, how much is the cost of goods sold of the company? * O P1,600,000 O P4,000 O .00025 P80,020The following accounting records reveal: A/R, beg. P100,000 Iny, beg. P50,000 Purchases P90,000 Purchases Discount P5,000 Collections P200,000 How much is the vatable sales? a. P250,000 b. P240,000 How much is the output vat? a. P27, 600 b. P28,800 A/R, end Iny, end Sales Sales Return Cost of Sales. c. P230,000 c. P30,000 P110, 000 P60,000 P250,000 P10,000 P70,000 d. P24,000 d. P200,000
- Consider the following income statement data for Wildhorse Inc.: Sales revenue Less: Cost of goods sold Gross profit Less: Selling and administration costs Net Income 2024 $99300 47500 51800 23100 $28700 What was the 2024 profit margin closest to? 2023 $86900 56400 30500 18900 $11600Suppose the following:Beginning Inventory = 11257Ending Inventory= 12407Beginning Receivables = 6167Ending Receivables = 6879Beginning Payables = 8498Ending Payables = 8829Credit Sales = 93480Cost of Goods Sold = 72325Calculate the following (round final answers to 2 decimal places):Operating Cycle = daysCash Cycle = daysCalculate gross profit from the following? Sales OMR 10000, Cost of goods sold OMR 4000 and Return inwards OMR 2000 a.OMR 4000 b.OMR 10000 c.OMR 12000 d.OMR 6000
- uiz. Question 5 2 pr Consider the following financial data: Year Sales 2005 $3, 892 $3,904 $6, 094 $6, 337 2006 2007 2008 2009 $5, 075 The company's average annual sales growth rate from 2005 through 2009 was: O 10.1% O 30.4% O 6.9% O 5.5% Next • Previous tv MacBook Air DII DD 80 F8 F9 F6 F7 F3 F4 F5 & * 0/Calculate the gross profit from the following? Sales OMR 10000, Cost of goods sold OMR 4000 and Return inwards OMR 4000, Return outwards 2000, Purchases 5000.Calculate the gross profit from the following? Sales OMR 10000, Cost of goods sold OMR 4000 and Return inwards OMR 4000, Return outwards 2000, Purchases 5000. a. OMR 6000 b. OMR 5000 c. OMR 2000 d. OMR 4000
- Financial information is presented below: Operating Expenses Sales Returns and Allowances Sales Discounts Sales Revenue Cost of Goods Sold Gross profit would be O $126400. O $144500. O $113700. O $24200. $ 89500 18100 12700 319200 174700Which company takes longer to sell its inventory? Support your answers with figures.Use the following information: Net sales Cost of goods sold $235,000 168,000 52,000 42,000 Beginning inventory Ending inventory a. Calculate the inventory turnover ratio. b. Calculate the average days in inventory. c. Calculate the gross profit ratio.