The Flower Company Had Net Sales of $830,000 for the Year

question 33

Essay

The Flower Company had net sales of $830,000 for the year. Its receivables at the beginning of the year were $47,000 and at the end of the year they had increased to $52,000. The Flower Company has credit terms of net 10 days. Compute the days' sales in average receivables and evaluate the ratio as strong or weak. Round all calculations to the nearest dollar or whole day.

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Definitions:

Average Weight

The mean body weight of an individual or population, typically used as a standard measure for comparison or health assessment.

Americans

People originating from or living in the United States of America.

Essential Fat

Fats required for normal physiological functions that the body cannot synthesize on its own and must be obtained through diet.

Females

Refers to the sex of an organism, or part of an organism, that produces non-motile ova (egg cells) and can bear offspring.