Description of this paper

ACC - Alaska Products, Inc

Description

solution


Question

Question;Computation and evaluation of activity ratios. The following data relate to Alaska Products, Inc:20X5 20X4Net credit sales $832,000 $760,000Cost of goods sold 530,000 400,000 Cash, Dec. 31 125,000 110,000 Average Accounts receivable 205,000 156,000 Average Inventory 70,000 50,000 Accounts payable, Dec. 31 115,000 108,000 Instructionsa. Compute the accounts receivable and inventory turnover ratios for 20X5. Alaska rounds all calculations to two decimal places.

 

Paper#41149 | Written in 18-Jul-2015

Price : $22
SiteLock