Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. the following financial information is for alpha c

The following financial information is for Alpha Corporation are for the fiscal years ending 2017...

50.1K

Verified Solution

Question

Accounting

The following financial information is for Alpha Corporation are for the fiscal years ending 2017 & 2016 (all balances are normal): Item/Account 2017 2016 Accounts Receivable $9,800 $9,400 Inventory 30,000 16,000 Net Sales (all credit) 85,000 71,000 Cost of Goods Sold 62,000 52,000 Net Income 7,200 6,900 Use this information to determine for FY 2017: (Round & enter your answers to one decimal place and enter the value.) 1. the accounts receivable turnover ratio 2. average collection period accounts receivable 3. Gross Profit Margin 4. Profit Margin

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

Two plots at Rothamsted Experimental Station were studied for production of wheat straw. For a random...

Basic Math
Q

To evaluate the effect of a treatment, a sample is obtained from a population with a...

Basic Math
Q

Why is Hyperkalemia correlated with Acidosis, while Hypokalemia is correlated with Alkalosis?

Medical Sciences
Q

Imagine you are instructed to stay in a room for an hour and wait. Unbeknownst to...

Psychology
Q

ASSIGNMENT IMHR DILEMMA: WHOM DO YOU SATISFY? EXPATRIATE OR NATIONALS Hi-Tech Electronics Limited was established in 2006...

Operations Management
Q

You have two employment candidates for a marketing position. Both have similar educational backgrounds and certifications. However,...

General Management
Q

The liquid in the first pipe was flowing at an average speed of 18 centimeters...

Physics
Q

Graph the trigonometric function f x COS x Y 5TT 2 Drag the smaller blue...

Geometry
Q

Which of the following refers to the variable that is being manipulated during an experiment...

Statistics
Q

Review the Risk Description, Risk Response, Trigger Condition, Impact, Probability. Make the changes requested and...

Accounting
Q

forecast for the upcoming fiscal year (all sales are on account): The selling price of...

Accounting
Q

Roberts Company issued $1,000,000 of 8% bonds due in 5 years with interest payable annually...

Accounting