Title: Selected financial statement data for Oran Company are presented below.December 31, 2021December 31, ...
Post by: jdot on Feb 5, 2023
Selected financial statement data for Oran Company are presented below. | | | December 31, 2021 | December 31, 2020 |
| Cash | $ 40,000 | $ 30,000 | | Short-term investments | 25,000 | 18,000 | | Receivables (net) | 100,000 | 80,000 | | Inventories | 85,000 | 65,000 | | Total current liabilities | 100,000 | 90,000 |
During 2021, net sales were $950,000, and cost of goods sold was $775,000. Required: | a. | Compute the following ratios at December 31, 2021: |
| (3) | Average collection period |
| (4) | Average days to sell inventory |
| b. | Assume credit terms are 2/10, net 30. What conclusion could an analyst draw about |
the management of accounts receivable?
Title: Selected financial statement data for Oran Company are presented below.December 31, 2021December 31, ...
Post by: jarste123 on Feb 5, 2023
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