Tim Tebow's Puppy Rescue has sales of $2.19 M, net income of $0.174 M, net fixed...

Tim Tebow's Puppy Rescue has sales of $2.19 M, net income of $0.174 M, net fixed assets of $1.69 M, and current assets of $0.73 M. The firm has $0.32 M in accounts receivables. What is the common-size statement value of A/R? Enter all percentages as a decimal (ex. 25.7% as 0.257).

Expert Solution

Ans 0.1322

common-size statement value of A/R = accounts receivables / Total Assets

= accounts receivables / ( fixed assets + current assets )

= 0.32 / (1.69 + 0.73)

= 0.1322

jeff jeffy answered 4 months ago

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Tim Tebow's Puppy Rescue has sales of $2.19 M, net income of $0.174 M, net fixed...

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