Question No
Subject:FinancePrice: Bought3
Question No. 1 if a firm has sales of $25,698,000 a year, and the
average collection period for the industry is 45 days, what should this firm's accounts receivables be if the firm is comparable to the industry?
Your answer
Question No. 2A firm with sales of $500,000 has average inventory of $200,000. The industry average for inventory turnover is four times a year. what would be the reduction in inventory turnover if this firm were to achieve a turnover comparable to the industry average?
Your answer
Given the following information, compute the current and quick ratios: Cash 100,000 ; Accounts Receivables 375,000; Inventory 485,000; Current Liabilities 498,000; Long-Term Debt 610,000; Equity 598,000
