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

question 143

Essay

Comparative calendar-year financial data for a company are shown below:
$\begin{array}{|l|r|r|}\hline&2011&2010\\\hline \text { Sales } & \$ 720,000 & \$ 607,500 \\\hline \text { Cost of goods sold } & 450,000 & 382,700 \\\hline \text { Operating expenses } & 168,500 & 134,900 \\\hline \text { Net income } & 51,200 & 51,700\\\hline\\\hline&\text { December } 31&\text { December } 31\\\hline&2011&2010\\\hline\text { Accounts receivable (net } & \$ 157,500 & \$ 162,500 \\\hline \text { Inventory } & 139,500 & 110,500 \\\hline \text { Total assets } & 1,012,500 & 944,800\\\hline\end{array}$
Calculate:
(1)Accounts receivable turnover for 2011.
(2)Days' sales uncollected for 2011.
(3)Inventory turnover for 2011.
(4)Days' sales in inventory for 2011.

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Definitions:

Tachypnea

Abnormally rapid rate of breathing.

Apnea

Absence of respirations for a period of time.

Hyperventilation

Respiratory rate in excess of that required to maintain normal carbon dioxide levels in the body tissues.

Familial Causes

Factors related to one's family or genetic background that contribute to the development of certain conditions or diseases.