Comparative Calendar-Year Financial Data for a Company Are Shown Below

question 40

Essay

Comparative calendar-year financial data for a company are shown below:
$$\begin{array} { | l | r | r | } \hline & { 2014 } & 2013 \\\hline \text { Sales } & \$ 720,000 & \$ 607,500 \\\hline \text { Cost of goods sold } & 450,000 & 382,700 \\\hline \text { Operating expenses } & 168,500 & 134,900 \\\hline \text { Net income } & 51,200 & 51,700 \\\hline & & \\\hline & \text { December 31, } & \text { December 31, } \\\hline & 2014 & 2013 \\\hline \text { Accounts receivable (net } & \$ 157,500 & \$ 162,500 \\\hline \text { Inventory } & 139,500 & 110,500 \\\hline \text { Total assets } & 1,012,500 & 944,800 \\\hline\end{array}$$
Calculate:
(1)Accounts receivable turnover for 2014.
(2)Days' sales uncollected for 2014.
(3)Inventory turnover for 2014.
(4)Days' sales in inventory for 2014.

Recognize the implications of environmental influences on fetal development.

Understand the timing and potential outcomes of exposure to teratogenic agents.

Comprehend the consequences of prenatal exposure to infectious diseases.

Understand the stages and duration of labor.

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Definitions:

Acquisition Costs

The total costs incurred to acquire an asset, including the purchase price and all related expenses.

Service Placement

The process of designing and implementing the delivery of services to meet customer needs effectively and efficiently.

Straight-Line Method

A technique for computing depreciation that involves uniformly distributing an asset's cost throughout its lifespan.

Salvage Value

The anticipated concluding value of an asset at the expiration of its operational period.