Below Is Selected Data of Pronto Company $\text { Balance Sheet Data }$

question 34

Essay

Below is selected data of Pronto Company:
$\text { Balance Sheet Data }$ $\quad$ $\quad$ $\quad$ $\quad$ $\quad$ $\quad$ $\quad$ $\text { As of December } 31 \text { : }$
$\begin{array}{|l|r|r|}\hline &2012 &2011 \\\hline \text { Accounts receivable } & \$ 671,000 & \$ 642,000 \\\hline \text { Allowance for doubtful accounts } & 31,000&22,000\\\hline \text { Net accounts receivable } & \$ 640,000 & \$ 620,000 \\\hline & & \\\hline \text { Inventories - LCM } & \$ 542,500 & \$ 642,500 \\\hline & & \\\hline\text { Income StatementData }\\\hline \text { Net credit sales } & \$ 3,150,000 & \$ 3,000,000 \\\hline \text { Net cash sales } & 800,000 & 600,000\\\hline \text { Net sales } & \$ 3,950,000 & \$ 3,600,000 \\\hline \text { Cost of goods sold } & \$ 2,370,000 & \$ 2,160,000 \\\hline \text { Selling, general and adm. expenses } & 475,000 & 350,000 \\\hline \text { Other } & 150,000 & 125,000 \\\hline \text { Total operating expenses } & \$ 2,995,000 & \$ 2,635,000 \\\hline \text { Net income } & \$ 955,000 & \$ 965,000 \\\hline\end{array}$
Required:
a.What is the accounts receivable turnover for 2012?
b.What is the inventory turnover for 2012? 

Understand the leader’s role in shaping and reinforcing organizational culture.

Recognize the influence of organizational culture on employee behavior and motivation.

Analyze the relationship between organizational culture, fit perspective, and performance.

Describe the strong-culture perspective and its implications for organizational performance.

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