The Following Selected Company Information Was Reported Calculate the Following Company Ratios:
(A)Accounts Receivable Turnover
(B)Inventory Turnover

question 143

Essay

The following selected company information was reported:
$$\begin{array} { | l | r | } \hline \text { Accourits receivable, begirning-year } & \$ 170,000 \\\hline \text { Accourts receivable, year-end } & 190,000 \\\hline \text { Merchardise irventory, begirning-year } & 80,000 \\\hline \text { Merchardise irventory, year-end } & 60,000 \\\hline \text { Cost of goods sold } & 580,000 \\\hline \text { Credit sales } & 1,000,000 \\\hline\end{array}$$ Calculate the following company ratios:
(a)Accounts receivable turnover
(b)Inventory turnover
(c)Days' sales uncollected

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Definitions:

Confirmation Biases

The tendency to search for, interpret, favor, and recall information in a way that confirms preexisting beliefs or hypotheses.

Fillers

Lineup members other than the suspect who are known to be innocent of the crime.

Own-Race Bias

The finding that witnesses are more accurate in identifying members of their own race than members of another race.

Match-To-Suspect Approach

A technique in forensic science where evidence brought from a crime scene is compared to samples from a suspect to establish a link or match.