Description of this paper

Alaska Products, Inc

Description

solution


Question

Computation and evaluation of activity ratios. The following data relate to Alaska Products, Inc;20X5 20X4;Net credit sales $832,000 $760,000;Cost 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;Instructions;a. Compute the accounts receivable and inventory turnover ratios for 20X5. Alaska rounds all calculations to two decimal places.

 

Paper#81201 | Written in 18-Jul-2015

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