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(Efficiency analysis) The Brenmar Sales Company had a gross profit margin (gross profits divided by sales)...
(Efficiency analysis) The Brenmar Sales Company had a gross profit margin (gross profits divided by sales) of 25 percent and sales of $ 9.2 million last year. 73 percent of the firm's sales are on credit, and the remainder are cash sales. Brenmar's current assets equal $ 1.7 million, its current liabilities equal $ 301 comma 400, and it has $ 100 comma 000 in cash plus marketable securities. a. If Brenmar's accounts receivable equal $ 562 comma 000, what is its average collection period? b. If Brenmar reduces its average collection period to 15 days, what will be its new level of accounts receivable? c. Brenmar's inventory turnover ratio is 8.4 times. What is the level of Brenmar's inventories?
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jeff jeffy answered 1 year agoRelated Solutions
(Efficiency analysis) The Brenmar Sales Company had a gross profit margin (gross profits divided by÷sales) of...
(Efficiency analysis) The Brenmar Sales Company had a gross
profit margin (gross profits divided by÷sales) of 27 percent and
sales of $8.4 million last year. 78 percent of the firm's sales are
on credit, and the remainder are cash sales. Brenmar's current
assets equal 1.8 million, its current liabilities equal $297,500,
and it has $109,000 in cash marketable securities.
A. If Brenmar's accounts receivable equal $562,500, what is its
average collection period?
b. If Brenmar reduces its average collection period...
The Brenmar Sales Company had a gross profit margin (gross profits divided by ÷ sales) of...
The Brenmar Sales Company had a gross profit margin (gross
profits divided by ÷ sales) of 26 percent and sales of $9.3 million
last year. 79 percent of the firm's sales are on credit, and the
remainder are cash sales. Brenmar's current assets equal $1.8
million, its current liabilities equal $ 303,500, and it has
$104,100 in cash plus marketable securities. a. If Brenmar's
accounts receivable equal $563,000 , what is its average collection
period? b. If Brenmar reduces its...
The Brenmar Sales Company had a gross profit margin (gross profits divided by sales) of 31%...
The Brenmar Sales Company had a gross profit margin (gross
profits divided by sales) of 31% and sales of $9.8 million last
year. 80% of the firm's sales are on credit, and the remainder are
cash sales. Brenmar's current assets equal $1.5 million, it's
current liabilities equal $303,000 and it has $103,100 in cash plus
marketable securities.
Please answer the following,
a. If Brenmar's accounts receivable equal $561,800 what is the
average collection period?
b. If Brenmar reduces its average...
(Efficiency analysis) The Brenmar Sales Company had a gross profit margin (gross profits÷sales) of 34 percent...
(Efficiency analysis) The Brenmar Sales Company had a gross
profit margin (gross profits÷sales) of 34 percent and sales of
$9.3 million last year. 76 percent of the firm's sales are on
credit, and the remainder are cash sales. Brenmar's current
assets equal $1.7 million, its current liabilities equal $299,200,
and it has $102,800 in cash plus marketable securities. a. If
Brenmar's accounts receivable equal $562,300, what is its average
collection period?
b. If Brenmar reduces its average collection period...
(Efficiency analysis) The Brenmar Sales Company had a gross profit margin (gross profitsdivided bysales) of 32...
(Efficiency analysis) The Brenmar Sales Company had a gross
profit margin (gross profitsdivided bysales) of 32 percent and
sales of $ 9.4 million last year. 74 percent of the firm's sales
are on credit, and the remainder are cash sales. Brenmar's
current assets equal $ 1.4 million, its current liabilities equal
$ 300 comma 900, and it has $ 108 comma 200 in cash plus
marketable securities.
a. If Brenmar's accounts receivable equal $ 562 comma 100,
what is...
Efficiency analysis) The Brenmar Sales Company had a gross profit margin (gross profitsdivided by÷sales) Of 27...
Efficiency analysis) The Brenmar Sales Company
had a gross profit margin (gross
profitsdivided by÷sales) Of 27 percent and sales of 9.1 million
last year.
71percent of the firm's sales are on credit, and the remainder
are cash sales. Brenmar's current assets equal $1.5 million, its
current liabilities equal $ 297,700 and it has $ 107,200 in cash
plus marketable securities.
a. If Brenmar's accounts receivable equal
$562,500, what is its average collection period?
b. If Brenmar reduces its average collection...
The Brenmar Sales Company had a gross profit margin (gross profits / sales) of 28% and sales...
The Brenmar Sales Company had a gross profit margin (gross
profits / sales) of 28% and sales of $8.3 million last
year. 73% of the firm's sales are on credit, and the remainder are
cash sales. Bertram's current assets equal $1.4 million, its
current liabilities equal $299,999, and it has $108,000 in cash
plus marketable securities.
A. If Brenmar's accounts receivable equal $563,100, what is its
average collection period?
B. If Brenmar reduces its average collection period to 20 days,
what...
The Brenmar Sales Company had a gross profit margin (gross profit/sales) of 28% and sales of...
The
Brenmar Sales Company had a gross profit margin (gross
profit/sales) of 28% and sales of $8.6 million last year. 70% of
the firm’s sales are in credit, and the remainder are cash sales.
Brenmar’s current assets equal $1.4 million, its current
liabilities equal $299,000, and it has $106,000 in cash plus
marketable securities.
A. If Brenmar’s accounts receivable equal $562,600, what is
its average collection period?
B. If Brenmar reduces its average collection period is 25
days, what will...
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