Reynaldo Company Has Current Assets of $115,000 and Current Liabilities

question 129

Essay

Reynaldo Company has current assets of $115,000 and current liabilities of $75,000 of which accounts payable are $65,000.Reynaldo's cost of goods sold is $420,000,its merchandise inventory increased by $20,000,and accounts payable were $45,000 the prior year.Calculate Reynaldo's working capital,payables turnover,and days' payable (to one digit after decimal).

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Definitions:

Anticipating Rewards

The process of expecting or looking forward to rewards, which can drive motivation and behavior toward achieving those rewards.

Personality Psychologists

Professionals who study and assess the variations in personality among individuals, often examining traits, behaviors, and psychological mechanisms.

Motive

An internal driving force that compels individuals to take action toward achieving specific goals.

Approach Motivation

The drive to move towards, or to seek out, positive outcomes or experiences.