Question
In: Accounting
Sausage Company would like to estimate how long it will take to realize cash from its...
Sausage Company would like to estimate how long it will take to realize cash from its ending inventory. For this purpose the following data are submitted:
| Accounts Receivable, less allowance for doubtful accounts of $40,000 | $ 660,000 |
| Ending Inventory | 750,000 |
| Net Sales | 5,650,000 |
| Cost of Goods Sold | 4,250,000 |
- Estimate how long it will take to realize cash from the account receivables.
- Estimate how long it will take to sell all ending inventory.
- Estimate how long it will take to realize cash from the ending inventory.
Solutions
ekkarill92 answered 10 months agoRelated Solutions
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