Pls also show me calculation. Thanks. Calculate the accounts receivable turnover and average collection period for 2020.
Posted: Tue Jul 05, 2022 1:37 pm
Pls also show me calculation. Thanks.Calculate the accounts receivable turnover and average collectionperiod for 2020. (Assume all sales were creditsales.) (Round answers to 1 decimal place, e.g.15.2. Use 365 days for calculation.)
Accounts receivable turnover
Average collection period
Net sales: Products Services Total net sales Cost of sales: Products Services Total cost of sales Gross margin Operating expenses: Research and development Selling, general and administrative Total operating expenses Operating income Other income/(expense), net Income before provision for income taxes Provision for income taxes Net income Earnings per share: Basic Diluted Shares used in computing earnings per share: Basic Diluted September 26, 2020 $ 220,747 53,768 274,515 $ $ $ 151,286 18,273 169,559 104,956 18,752 19,916 38,668 66,288 803 67,091 9,680 57,411 3.31 3.28 Years ended September 28, 2019 17,352,119 17,528,214 See accompanying Notes to Consolidated Financial Statements. $ 213,883 46,291 260,174 $ $ $ 144,996 16,786 161,782 98,392 16,217 18,245 34,462 63,930 1,807 65,737 10,481 55,256 2.99 2.97 18,471,336 18,595,651 September 29, 2018 $ 225,847 39,748 265,595 $ $ $ 148,164 15,592 163,756 101,839 14,236 16,705 30,941 70,898 2,005 72,903 13,372 59,531 3.00 2.98 19,821,510 20,000,435
Current assets: Cash and cash equivalents Marketable securities Accounts receivable, net Inventories Vendor non-trade receivables Other current assets Total current assets Non-current assets: Marketable securities Property, plant and equipment, net Other non-current assets Total non-current assets Total assets Current liabilities: Accounts payable Other current liabilities Deferred revenue Commercial paper Term debt Total current liabilities Non-current liabilities: Term debt Other non-current liabilities Total non-current liabilities Total liabilities Commitments and contingencies LIABILITIES AND SHAREHOLDERS' EQUITY: $ 38,016 52,927 16,120 4,061 21,325 11,264 143,713 100,887 36,766 42,522 180,175 $323,888 $ 42,296 42,684 6,643 4,996 8,773 105,392 98,667 54,490 153,157 258,549 $ 48,844 51,713 22,926 4,106 22,878 12,352 162,819 105,341 37,378 32,978 175,697 $338,516 $ 46,236 37,720 5,522 5,980 10,260 105,718 91,807 50,503 142,310 248,028
Accounts receivable turnover
Average collection period
- Pls Also Show Me Calculation Thanks Calculate The Accounts Receivable Turnover And Average Collection Period For 2020 1 (40.81 KiB) Viewed 6 times
Current assets: Cash and cash equivalents Marketable securities Accounts receivable, net Inventories Vendor non-trade receivables Other current assets Total current assets Non-current assets: Marketable securities Property, plant and equipment, net Other non-current assets Total non-current assets Total assets Current liabilities: Accounts payable Other current liabilities Deferred revenue Commercial paper Term debt Total current liabilities Non-current liabilities: Term debt Other non-current liabilities Total non-current liabilities Total liabilities Commitments and contingencies LIABILITIES AND SHAREHOLDERS' EQUITY: $ 38,016 52,927 16,120 4,061 21,325 11,264 143,713 100,887 36,766 42,522 180,175 $323,888 $ 42,296 42,684 6,643 4,996 8,773 105,392 98,667 54,490 153,157 258,549 $ 48,844 51,713 22,926 4,106 22,878 12,352 162,819 105,341 37,378 32,978 175,697 $338,516 $ 46,236 37,720 5,522 5,980 10,260 105,718 91,807 50,503 142,310 248,028